Precode Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09189974 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Precode Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

M A Thornhill

B Keogh

REGISTERED OFFICE:

Vantage Point

New England Street

Brighton

East Sussex

BN1 4GW

REGISTERED NUMBER:

09189974 (England and Wales)

ACCOUNTANTS:

Hall & Co Accountancy Ltd

Unit 96 The Maltings

Stanstead Abbotts

Ware

Hertfordshire

SG12 8HG

FIXED ASSETS

Intangible assets

4

13,000

19,500

Tangible assets

5

2,980

2,229

15,980

21,729

CURRENT ASSETS

Debtors

6

58,242

19,660

Cash at bank

87,367

117,713

145,609

137,373

CREDITORS

Amounts falling due within one year

7

123,889

100,032

NET CURRENT ASSETS

21,720

37,341

TOTAL ASSETS LESS CURRENT

LIABILITIES

37,700

59,070

CREDITORS

Amounts falling due after more than

one year

8

-

(6,457

)

PROVISIONS FOR LIABILITIES

(745

)

(557

)

NET ASSETS

36,955

52,056

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

36,953

52,054

36,955

52,056

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 2 December 2025 and were signed on its behalf by:

B Keogh - Director

M A Thornhill - Director

1.	STATUTORY INFORMATION

Precode Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 September 2024

and 31 August 2025

32,500

AMORTISATION

At 1 September 2024

13,000

Charge for year

6,500

At 31 August 2025

19,500

NET BOOK VALUE

At 31 August 2025

13,000

At 31 August 2024

19,500

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

14,254

Additions

3,670

At 31 August 2025

17,924

DEPRECIATION

At 1 September 2024

12,025

Charge for year

2,919

At 31 August 2025

14,944

NET BOOK VALUE

At 31 August 2025

2,980

At 31 August 2024

2,229

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Trade debtors

54,132

-

Other debtors

4,110

19,660

58,242

19,660

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Bank loans and overdrafts

6,421

7,560

Taxation and social security

115,196

90,756

Other creditors

2,272

1,716

123,889

100,032

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN

ONE YEAR

31.8.25

31.8.24

£

Bank loans

-

6,457

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Precode Limited for the year ended 31 August 2025 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Precode Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Precode Limited and state those matters that we have agreed to state to the Board of Directors of Precode Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Precode Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Precode Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Precode Limited. You consider that Precode Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Precode Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hall & Co Accountancy Ltd

Unit 96 The Maltings

Stanstead Abbotts

Ware

Hertfordshire

SG12 8HG

2 December 2025