Code Concise Limited - Filleted accounts

Registered number

10016103

Code Concise Limited

Unaudited Filleted Accounts

28 February 2017

Code Concise Limited
Registered number:		10016103
Balance Sheet
as at 28 February 2017

Notes			2017
£
Fixed assets
Tangible assets	3		359

Current assets
Cash at bank and in hand		38,835

Creditors: amounts falling due within one year	4	(13,444)

Net current assets			25,391

Net assets			25,750

Capital and reserves
Called up fully paid ordinary share capital			1
Profit and loss account			25,749

Shareholders' funds			25,750

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 members have 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.




Andrew Eder
Director
Approved by the board on 25 October 2017

Code Concise Limited
Notes to the Accounts
for the period from 19 February 2016 to 28 February 2017


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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees	2017
Number

	Average number of persons employed by the company	1


3	Tangible fixed assets
			Plant and machinery etc
£
	Cost
	Additions		536
	At 28 February 2017		536

	Depreciation
	Charge for the period		177
	At 28 February 2017		177

	Net book value
	At 28 February 2017		359


4	Creditors: amounts falling due within one year	2017
£

	Corporation tax	6,348
	Other taxes and social security costs	4,210
	Other creditors	2,886
		13,444


5	Related party transactions

	During the year Andy Eder, director of Code Concise Limited, used a current account with the company to record amounts due to him and amounts drawn by him. The accounts shows an amount owing back to Andt Eder as director as at 28th February 2017 of £1685.67. The amount is repayable on demand and does not carry interest.


6	Controlling party

	Andy Eder owns 100% of the share capital and is the sole director of Code Concise Limited, he is therefore also the ultimate controlling party of Code Concise Limited.


7	Other information

	Code Concise Limited is a private company limited by shares and incorporated in England. Its registered office is:
	43 Pen Y Groes
	Oakdale
	Blackwood
	Caerphilly
	NP12 0ER