Ipswich Codfather Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10209323

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		3,000		6,000
Tangible Assets	5		21,150		24,935

			24,150		30,935
CURRENT ASSETS
Stocks	6	1,000		2,044
Debtors	7	325		1,877
Cash at bank and in hand		1,254		2,820

		2,579		6,741
Creditors: Amounts Falling Due Within One Year	8	(131,247 )		(133,209 )

NET CURRENT ASSETS (LIABILITIES)			(128,668 )		(126,468 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(104,518 )		(95,533 )

Creditors: Amounts Falling Due After More Than One Year	9		-		(4,634 )

NET LIABILITIES			(104,518 )		(100,167 )

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			(104,618 )		(100,267 )

SHAREHOLDERS' FUNDS			(104,518)		(100,167)

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Ipswich Codfather Ltd

Balance Sheet (continued)

As At 30 June 2025

For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Ravinder Kang

Director

24th November 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Ipswich Codfather Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10209323 . The registered office is 9 Byford Court, Crockatt Road, Hadleigh, Ipswich, Suffolk, IP7 6RD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

The accounts have been prepared on the going concern basis. The director is confident of the company's ability to trade due to

the continued support of the company's undrawn directors loan account funds.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	15% straight line
Plant & Machinery	15% reducing balance
Motor Vehicles	25% reducing balance
Computer Equipment	25% straight line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 5)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 July 2024	30,000

As at 30 June 2025	30,000

Amortisation
As at 1 July 2024	24,000
Provided during the period	3,000

As at 30 June 2025	27,000

...CONTINUED

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Ipswich Codfather Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

Net Book Value
As at 30 June 2025	3,000

As at 1 July 2024	6,000

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 July 2024	10,000	68,744	1,500	166	80,410

As at 30 June 2025	10,000	68,744	1,500	166	80,410

Depreciation
As at 1 July 2024	5,333	49,060	999	83	55,475
Provided during the period	667	2,952	125	41	3,785

As at 30 June 2025	6,000	52,012	1,124	124	59,260

Net Book Value
As at 30 June 2025	4,000	16,732	376	42	21,150

As at 1 July 2024	4,667	19,684	501	83	24,935

6. Stocks

	2025	2024
	£	£
Stock	1,000	2,044

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	325	1,099
Other debtors	-	778

	325	1,877

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	969	3,093
Bank loans and overdrafts	4,583	5,000
Other creditors	119,833	118,741
Taxation and social security	5,862	6,375

	131,247	133,209

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Ipswich Codfather Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	4,634

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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