General Information
Ticodi Limited is a private company, limited by shares, registered in England and Wales, registration number 06021321, registration address 167-169 Great Portland Street, 5th Floor, London, England, W1W 5PF.
The presentation currency is £ sterling.
| 1. |
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.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Office equipment |
33% Straight Line
|
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured at initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans are measured initially at fair value, net of transaction costs, and are subsequently measured at amortised costs using the effective interest method.
|
| 2. |
Average number of employees
Average number of employees during the year was 0 (2024 : 0).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Office equipment |
|
Total |
| |
£ |
|
£ |
| At 01 April 2024 |
25,373 |
|
25,373 |
| Additions |
2,241 |
|
2,241 |
| Disposals |
- |
|
- |
| At 31 March 2025 |
27,614 |
|
27,614 |
| Depreciation |
| At 01 April 2024 |
21,656 |
|
21,656 |
| Charge for year |
2,130 |
|
2,130 |
| On disposals |
- |
|
- |
| At 31 March 2025 |
23,786 |
|
23,786 |
| Net book values |
| Closing balance as at 31 March 2025 |
3,828 |
|
3,828 |
| Opening balance as at 01 April 2024 |
3,717 |
|
3,717 |
|
| 4. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
2,298 |
|
4,290 |
| Prepayments & Accrued Income |
6,878 |
|
2,838 |
| Tax recoverable |
26,466 |
|
15,861 |
| Directors' Current Accounts |
62,968 |
|
31,545 |
|
98,610 |
|
54,534 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Bank Loans |
6,853 |
|
6,684 |
| Social Security and Other Taxes |
75,846 |
|
39,037 |
| Accruals and deferred income |
43,292 |
|
19,962 |
| Other Creditors |
1,177 |
|
- |
|
127,168 |
|
65,683 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank loans - 1-2 years |
1,740 |
|
6,853 |
| Bank loans - 2-5 years |
- |
|
1,740 |
|
1,740 |
|
8,593 |
|
| 7. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred Tax |
(275) |
|
(170) |
|
(275) |
|
(170) |
|
| 8. |
Advances and Credits
Simon Nicholas Liddicott The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024: | Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| Simon Nicholas Liddicott | 31,545 | | 40,523 | | - | | 9,100 | | - | | - | | 62,968 | | 31545 | | 40523 | | 0 | | 9100 | | 0 | | 0 | | 62968 |
| Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| Simon Nicholas Liddicott | 12,399 | | 28,246 | | - | | 9,100 | | - | | - | | 31,545 | | 12399 | | 28246 | | 0 | | 9100 | | 0 | | 0 | | 31545 |
|
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