REGISTERED NUMBER: 04070605 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

KODERLY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr S R Austin

Mr C T Kennedy

Mr I Munro

Mr J Ng

REGISTERED OFFICE:

Linley House

Dickinson Street

Manchester

M1 4LF

REGISTERED NUMBER:

04070605 (England and Wales)

ACCOUNTANTS:

Christian Douglass Accountants Limited

Chartered Accountants

2 Jordan Street

Knott Mill

Manchester

M15 4PY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

10,677

10,138

10,677

10,138

CURRENT ASSETS

Debtors

6

1,190,256

1,145,149

Cash at bank

1,712,543

754,500

2,902,799

1,899,649

CREDITORS

Amounts falling due within one year

7

1,056,492

374,010

NET CURRENT ASSETS

1,846,307

1,525,639

TOTAL ASSETS LESS CURRENT LIABILITIES

1,856,984

1,535,777

CAPITAL AND RESERVES

Called up share capital

151

151

Retained earnings

1,856,833

1,535,626

SHAREHOLDERS' FUNDS

1,856,984

1,535,777

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2025 and were signed on its behalf by:

Mr C T Kennedy - Director

Mr S R Austin - Director

Mr J Ng - Director

Mr I Munro - Director

1.	STATUTORY INFORMATION

Koderly Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 04070605 and its registered office is at Linley House, Dickinson Street, Manchester, M1 4LF.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. In respect of service contracts, turnover is recognised when the company obtains the right to the consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008 has been amortised evenly over its estimated useful life of 2 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Fixtures, fittings and equipment

-

33% on cost and 25% on cost

Computer equipment

-

50% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2024

and 28 February 2025

15,000

AMORTISATION

At 1 March 2024

and 28 February 2025

15,000

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures,

Improvements

fittings

to

and

Computer

property

equipment

equipment

Totals

£

£

£

£

COST

At 1 March 2024

289,690

10,555

38,335

338,580

Additions

-

-

14,432

14,432

Disposals

(289,690

)

(10,555

)

(18,160

)

(318,405

)

At 28 February 2025

-

-

34,607

34,607

DEPRECIATION

At 1 March 2024

285,200

9,248

33,994

328,442

Charge for year

189

563

7,996

8,748

Eliminated on disposal

(285,389

)

(9,811

)

(18,060

)

(313,260

)

At 28 February 2025

-

-

23,930

23,930

NET BOOK VALUE

At 28 February 2025

-

-

10,677

10,677

At 29 February 2024

4,490

1,307

4,341

10,138

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

107,870

47,466

Amounts owed by group undertakings

1,054,664

1,073,774

Other debtors

27,722

23,909

1,190,256

1,145,149

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade creditors

6,595

5,216

Amounts owed to group undertakings

700,000

-

Taxation and social security

227,435

252,095

Other creditors

122,462

116,699

1,056,492

374,010

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

28.2.25

29.2.24

£

£

Within one year

24,020

19,881

Between one and five years

39,035

-

63,055

19,881