Company registration number 04029408 (England and Wales)
Code It Recruitment Ltd
Unaudited Financial Statements
For The Period Ended 30 April 2025
Pages For Filing With Registrar
Pinnick Lewis LLP
Chartered Certified Accountants
Handel House
95 High Street
Edgware
HA8 7DB
Code It Recruitment Ltd
COMPANY INFORMATION
Directors
Mrs A Callagher
Mr P Fairweather
Secretary
Mrs A Callagher & Mr P Fairweather
Company number
04029408
Registered office
80 Coleman Street
London
EC2R 5BJ
Accountants
Pinnick Lewis LLP
Handel House
95 High Street
Edgware
Middlesex
HA8 7DB
Code It Recruitment Ltd
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
Code It Recruitment Ltd
BALANCE SHEET
As At 30 April 2025
- 1 -
30 April 2025
31 March 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
118
162
Current assets
Debtors
4
350,353
557,977
Cash at bank and in hand
-
0
104,392
350,353
662,369
Creditors: amounts falling due within one year
5
(294,542)
(430,039)
Net current assets
55,811
232,330
Total assets less current liabilities
55,929
232,492
Creditors: amounts falling due after more than one year
6
(4,807)
(15,780)
Net assets
51,122
216,712
Capital and reserves
Called up share capital
5
5
Profit and loss reserves
51,117
216,707
Total equity
51,122
216,712

For the financial Period ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 6 January 2026 and are signed on its behalf by:
Mrs A Callagher
Mr P Fairweather
Director
Director
Company registration number 04029408 (England and Wales)
Code It Recruitment Ltd
NOTES TO THE FINANCIAL STATEMENTS
For The Period Ended 30 April 2025
- 2 -
1
Accounting policies
Company information

Code IT Recruitment Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 80 Coleman Street, London, EC2R 5BJ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of services provided to customers net of value added tax, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Code It Recruitment Ltd
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Period Ended 30 April 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Code It Recruitment Ltd
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Period Ended 30 April 2025
1
Accounting policies
(Continued)
- 4 -
1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2025
2024
Number
Number
Total
4
4
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 April 2024 and 30 April 2025
5,458
Depreciation and impairment
At 1 April 2024
5,296
Depreciation charged in the Period
44
At 30 April 2025
5,340
Carrying amount
At 30 April 2025
118
At 31 March 2024
162
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
159,404
325,351
Corporation tax recoverable
60,599
56,973
Other debtors
130,350
175,653
350,353
557,977
Code It Recruitment Ltd
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For The Period Ended 30 April 2025
- 5 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
83,389
31,203
Trade creditors
38,931
137,010
Corporation tax
(12)
39,281
Other taxation and social security
109,321
179,546
Other creditors
23,673
3,759
Accruals and deferred income
39,240
39,240
294,542
430,039
6
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
4,807
15,780
7
Related party transactions
Balances with related parties

The following amounts were outstanding at the reporting end date:

Amounts owed by
Amounts owed to
related parties
related parties
2025
2024
2025
2024
£
£
£
£
Code Digital Services Ltd
350
350
-
0
-
0
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