Company Registration No. 06668360 (England and Wales)
CoDwellers.com Ltd
Unaudited accounts
for the year ended 31 December 2020
CoDwellers.com Ltd
Unaudited accounts
Contents
CoDwellers.com Ltd
Company Information
for the year ended 31 December 2020
Directors
David Piggin
Dorothy Newman
John Bromilow
Alan Magrath
Company Number
06668360 (England and Wales)
Registered Office
Welby House
96 Wilton Road
London
SW1V 1DW
CoDwellers.com Ltd
Statement of financial position
as at
31 December 2020
Tangible assets
11,267
16,763
Cash at bank and in hand
185,595
34
Creditors: amounts falling due within one year
(577,360)
(609,624)
Net current liabilities
(16,970)
(121,145)
Total assets less current liabilities
(5,703)
(104,382)
Creditors: amounts falling due after more than one year
(333,070)
(366,070)
Net liabilities
(338,773)
(470,452)
Called up share capital
31,162
31,162
Share premium
535,953
535,953
Profit and loss account
(905,888)
(1,037,567)
Shareholders' funds
(338,773)
(470,452)
For the year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2021 and were signed on its behalf by
David Piggin
Director
Company Registration No. 06668360
CoDwellers.com Ltd
Notes to the Accounts
for the year ended 31 December 2020
CoDwellers.com Ltd is a private company, limited by shares, registered in England and Wales, registration number 06668360. The registered office is Welby House, 96 Wilton Road, London, SW1V 1DW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The prior year end was extended from 31 July 2019 to 31 December 2019.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2020
14,930
32,800
47,730
At 31 December 2020
14,930
37,186
52,116
At 1 January 2020
5,859
25,108
30,967
Charge for the year
4,529
5,353
9,882
At 31 December 2020
10,388
30,461
40,849
At 31 December 2020
4,542
6,725
11,267
At 31 December 2019
9,071
7,692
16,763
CoDwellers.com Ltd
Notes to the Accounts
for the year ended 31 December 2020
Trade debtors
288,944
372,371
Accrued income and prepayments
29,421
48,052
Other debtors
56,430
68,022
6
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
3,000
5,004
Trade creditors
55,868
127,105
Taxes and social security
167,637
149,740
Other creditors
13,268
1,272
Deferred income
252,263
267,516
7
Creditors: amounts falling due after more than one year
2020
2019
Other creditors
306,070
366,070
Aggregate of amounts that fall due for payment after five years
3,000
-
A loan of £306,070 (2019: £366,070) from David Piggin, a director and shareholder, is repayable on demand. £60,000 (2019: £70,000) was repaid in the year. Mr Piggin has agreed to its repayment only when it is affordable to the company.
A Government guaranteed Bounce Back loan of £30,000 was taken out in June 2020. This is repayable over a 5 year term with the first payment due on the 1st anniversary of drawdown.
8
Share capital
2020
2019
Allotted, called up and fully paid:
31,162 Ordinary shares of £1 each
31,162
31,162
HSBC Bank plc previously held a fixed and floating charge over the assets of the company that was satisfied on 12 March 2020
10
Transactions with related parties
There is a loan, due after more than one year, of £306,070 (2019: £366,070) to David Piggin, a director.
11
Average number of employees
During the year the average number of employees was 27 (2019: 23).