REGISTERED NUMBER: 03217269 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

CODESPLICE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H Kothari

K Saxena

REGISTERED OFFICE:

37 Chestnut Drive

Harrow

Middlesex

HA3 7DL

REGISTERED NUMBER:

03217269 (England and Wales)

ACCOUNTANTS:

ST-Partnership

Chartered Accountants

Enterprise House

3 Tudor Enterprise Park

Tudor Road

Harrow

Middlesex

HA3 5JQ

FIXED ASSETS

Tangible assets

4

-

1,675

Investments

5

800

800

800

2,475

CURRENT ASSETS

Debtors

6

46,142

17,584

Cash at bank

10,003

16,295

56,145

33,879

CREDITORS

Amounts falling due within one year

7

172,718

166,954

NET CURRENT LIABILITIES

(116,573

)

(133,075

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(115,773

)

(130,600

)

CAPITAL AND RESERVES

Called up share capital

8

34,000

34,000

Retained earnings

(149,773

)

(164,600

)

SHAREHOLDERS' FUNDS

(115,773

)

(130,600

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 24 November 2025 and were signed on its behalf by:

H Kothari - Director

1.	STATUTORY INFORMATION

Codesplice Ltd 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.

The financial statements have been prepared on the going concern basis. At the balance sheet date the company has a net deficit of £115,773 (2024: £130,600). The Directors are confident that the company will continue to operate within the extended credit terms currently offered by its creditors. On this basis the Directors consider it appropriate to prepare these financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of these extended credit terms.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

and 31 March 2025

10,657

DEPRECIATION

At 1 April 2024

8,982

Charge for year

1,675

At 31 March 2025

10,657

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

1,675

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

800

NET BOOK VALUE

At 31 March 2025

800

At 31 March 2024

800

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Codesplice Technologies Private Limited

Registered office: India

Nature of business: Software development

%

Class of shares:

holding

Ordinary

80.00

2025

2024

£

£

Aggregate capital and reserves

6,061

6,061

Profit for the year

342

3,930

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

46,142

17,584

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

35,550

33,191

Amounts owed to group undertakings

3,972

2,117

Social security and other taxes

2,645

-

VAT

4,095

6,627

Directors' current accounts

114,327

119,328

Accrued expenses

12,129

5,691

172,718

166,954

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

34,000

Ordinary

£1

34,000

34,000

9.	RELATED PARTY DISCLOSURES

During the year, certain expenses were charged to the company on normal commercial terms by Codesplice Technologies Private Limited, a foreign subsidiary.

2025

2024

£

£

Software development expenses

68,100

63,326

Balance due to/(from) the company at year end

3,972

2,117