Codi Consulting Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15528521

Codi Consulting Limited

Filleted Unaudited Financial Statements

31 March 2026

Codi Consulting Limited

Financial Statements

Period from 1 March 2025 to 31 March 2026

Contents	Page

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

Codi Consulting Limited

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Codi Consulting Limited

Period from 1 March 2025 to 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Codi Consulting Limited for the period ended 31 March 2026, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Codi Consulting Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Codi Consulting Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Codi Consulting Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Codi Consulting Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Codi Consulting Limited. You consider that Codi Consulting Limited is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the financial statements of Codi Consulting Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

WALTER HUNTER & CO LIMITED Chartered accountants

24 Bridge Street Newport South Wales NP20 4SF

30 July 2026

Codi Consulting Limited

Statement of Financial Position

31 March 2026

	31 Mar 26	28 Feb 25
Note	£	£

Fixed assets

Intangible assets	4	68,346	–
Tangible assets	5	2,382	1,868
		--------	-------
		70,728	1,868

Current assets

Debtors	6	3,332	51,101
Cash at bank and in hand		2,424	597
		-------	--------
		5,756	51,698

Creditors: amounts falling due within one year	7	32,663	76,084
		--------	--------
Net current liabilities		26,907	24,386
		--------	--------
Total assets less current liabilities		43,821	( 22,518)
		--------	--------
Net assets/(liabilities)		43,821	( 22,518)
		--------	--------

Capital and reserves

Called up share capital	2	2
Profit and loss account	43,819	( 22,520)
	--------	--------
Shareholder funds/(deficit)	43,821	( 22,518)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has 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 Act with respect to accounting records and the preparation of financial statements .

Codi Consulting Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 30 July 2026 , and are signed on behalf of the board by:

Mr T E Williams

Director

Company registration number: 15528521

Codi Consulting Limited

Notes to the Financial Statements

Period from 1 March 2025 to 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Tramshed Tech, Griffin Street, High Street, Newport, NP20 1FX.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity, and all amounts have been rounded to the nearest £1.

Going concern

The directors will continue to support the company for at least the next 12 months during which time they will consider the future of the business.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% straight line

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Intangible assets

	Goodwill
	£
Cost
Additions	–
Transfers	68,346
	--------
At 31 March 2026	68,346
	--------
Amortisation
At 1 March 2025 and 31 March 2026	–
	--------
Carrying amount
At 31 March 2026	68,346
	--------
At 28 February 2025	–
	--------

5. Tangible assets

	Equipment
	£
Cost
At 1 March 2025	2,490
Transfers	1,137
	-------
At 31 March 2026	3,627
	-------
Depreciation
At 1 March 2025	622
Charge for the period	623
	-------
At 31 March 2026	1,245
	-------
Carrying amount
At 31 March 2026	2,382
	-------
At 28 February 2025	1,868
	-------

6. Debtors

	31 Mar 26	28 Feb 25
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	3,332	51,101
	-------	--------

7. Creditors: amounts falling due within one year

	31 Mar 26	28 Feb 25
	£	£
Trade creditors	1,672	1,864
Corporation tax	12,582	–
Other creditors	18,409	74,220
	--------	--------
	32,663	76,084
	--------	--------

8. Directors' advances, credits and guarantees

During the period the directors entered into the following advances and credits with the company:

	31 Mar 26
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Dr C Shipton	( 63,544)	( 8,598)	56,973	( 15,169)
Mr T E Williams	( 9,056)	( 8,598)	17,654	–
	--------	--------	--------	--------
	( 72,600)	( 17,196)	74,627	( 15,169)
	--------	--------	--------	--------

	28 Feb 25
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Dr C Shipton	–	( 77,382)	13,838	( 63,544)
Mr T E Williams	–	( 25,102)	16,046	( 9,056)
	----	---------	--------	--------
	–	( 102,484)	29,884	( 72,600)
	----	---------	--------	--------

9. Related party transactions

Praktis Limited, company number 15529217, is an associated company of Codi Consulting Limited by way of common shareholdings of its directors. As at 31 March 2026 the company was owed £3,332 by its associated company (28 February 2025: £51,010). The loan has been made on an interest free basis and is shown in note 6 to the accounts. Other than the above, and the loans owed to directors shown in note 8 to the accounts, no transactions with related parties were undertaken such as are required to be disclosed under FRS 102.