Registration number: 05183706

Codub Consulting Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 5

Codub Consulting Limited

(Registration number: 05183706)
Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,290	2,555
Current assets
Debtors	5	24,521	24,076
Cash at bank and in hand		1,166	7,634
		25,687	31,710
Creditors: Amounts falling due within one year	6	(180,516)	(169,682)
Net current liabilities		(154,829)	(137,972)
Total assets less current liabilities		(153,539)	(135,417)
Creditors: Amounts falling due after more than one year	6	(26,000)	(36,936)
Net liabilities		(179,539)	(172,353)
Capital and reserves
Called up share capital		2	2
Retained earnings		(179,541)	(172,355)
Shareholders' deficit		(179,539)	(172,353)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 20 December 2025 and signed on its behalf by:
 

Mr C C N Umeano Director

Codub Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
c/o Menzies LLP
One Express
1 George Leigh Street
Manchester
M4 5DL

These financial statements were authorised for issue by the Board on 20 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the balance sheet date the company had net liabilities. The company has received assurances from the director that he will continue to give financial support to the company for the foreseeable future and for a period not less than 12 monhts from the date of sogning these financial statements.
On this basis, the director considers it appropriate to repare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming the going concern basis used in prearing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Codub Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	50% straight line
Computer equipment	33.3% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

Codub Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 April 2024	1,115	22,300	23,415
At 31 March 2025	1,115	22,300	23,415
Depreciation
At 1 April 2024	1,115	19,745	20,860
Charge for the year	-	1,265	1,265
At 31 March 2025	1,115	21,010	22,125
Carrying amount
At 31 March 2025	-	1,290	1,290
At 31 March 2024	-	2,555	2,555

Codub Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Debtors

	2025 £	2024 £
Trade debtors	21,864	18,831
Prepayments	-	2,946
Other debtors	2,657	2,299
	24,521	24,076

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	15,406	-
Trade creditors		8,194	361
Taxation and social security		-	348
Accruals and deferred income		3,927	15,403
Other creditors		152,989	153,570
		180,516	169,682

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	26,000	36,936

7	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	26,000	36,936

Current loans and borrowings

	2025 £	2024 £
Bank overdrafts	9,406	-
Other borrowings	6,000	-
	15,406	-