| Codenest Ltd |
| Registered number: |
10909723 |
| Balance Sheet |
| as at 5 April 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
51,379 |
|
|
59,725 |
| Investments |
4 |
|
|
20,948 |
|
|
8,750 |
|
|
|
|
72,327 |
|
|
68,475 |
|
| Current assets |
| Debtors |
5 |
|
670,059 |
|
|
564,719 |
| Cash at bank and in hand |
|
|
342,612 |
|
|
417,261 |
|
|
|
1,012,671 |
|
|
981,980 |
|
| Creditors: amounts falling due within one year |
6 |
|
(130,950) |
|
|
(104,321) |
|
| Net current assets |
|
|
|
881,721 |
|
|
877,659 |
|
| Total assets less current liabilities |
|
|
|
954,048 |
|
|
946,134 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(330,918) |
|
|
(399,201) |
|
| Provisions for liabilities |
|
|
|
(12,855) |
|
|
(14,994) |
|
|
| Net assets |
|
|
|
610,275 |
|
|
531,939 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
610,175 |
|
|
531,839 |
|
| Shareholder's funds |
|
|
|
610,275 |
|
|
531,939 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| A. Rana |
| Director |
| Approved by the board on 12 August 2026 |
|
| Codenest Ltd |
| Notes to the Accounts |
| for the year ended 5 April 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Motor vehicles |
over 4 years |
|
Fixtures, fittings, tools and equipment |
over 2-3 years |
|
|
Investments |
|
Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 6 April 2025 |
7,402 |
|
66,643 |
|
74,045 |
|
Additions |
1,021 |
|
- |
|
1,021 |
|
Disposals |
(916) |
|
- |
|
(916) |
|
At 5 April 2026 |
7,507 |
|
66,643 |
|
74,150 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 6 April 2025 |
6,162 |
|
8,158 |
|
14,320 |
|
Charge for the year |
1,209 |
|
8,158 |
|
9,367 |
|
On disposals |
(916) |
|
- |
|
(916) |
|
At 5 April 2026 |
6,455 |
|
16,316 |
|
22,771 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 5 April 2026 |
1,052 |
|
50,327 |
|
51,379 |
|
At 5 April 2025 |
1,240 |
|
58,485 |
|
59,725 |
|
|
| 4 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 6 April 2025 |
8,750 |
|
Additions |
12,500 |
|
Revaluation |
(302) |
|
|
At 5 April 2026 |
20,948 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 5 April 2026 |
12,500 |
|
|
|
|
|
|
|
|
|
|
The investment in the S&P Index has been revalued at market value. Other investments are held at cost |
|
|
| 5 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade debtors |
23,100 |
|
18,900 |
|
Other debtors |
646,959 |
|
545,819 |
|
|
|
|
|
|
670,059 |
|
564,719 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans and overdrafts |
67,174 |
|
63,848 |
|
Obligations under finance lease and hire purchase contracts |
7,613 |
|
7,261 |
|
Taxation and social security costs |
56,021 |
|
31,124 |
|
Other creditors |
142 |
|
2,088 |
|
|
|
|
|
|
130,950 |
|
104,321 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans |
281,401 |
|
342,072 |
|
Obligations under finance lease and hire purchase contracts |
49,517 |
|
57,129 |
|
|
|
|
|
|
330,918 |
|
399,201 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Loans |
2026 |
|
2025 |
| £ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
179,353 |
|
199,813 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
244,075 |
|
250,038 |
|
|
|
|
|
|
|
|
|
|
A bank loan from NatWest is secured on 3 Station Hill, Cookham a property owned by a related company. A further loan of £50,000 is backed by the director's personal guarantee. |
|
|
| 9 |
Related party transactions |
|
|
The company has made a loan of £558,077 [2025: £545,719] to a sister company, the loan is repayable on demand. |
|
|
| 10 |
Other information |
|
|
Codenest Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Clearways Accountants |
|
Clearways |
|
Colley Way |
|
Reigate |
|
RH2 9JH |