Company Registration No. 06668360 (England and Wales)
CoDwellers.com Ltd
Unaudited accounts
for the year ended 31 December 2022
CoDwellers.com Ltd
Unaudited accounts
Contents
CoDwellers.com Ltd
Company Information
for the year ended 31 December 2022
Directors
David Piggin
Dorothy Newman
Alan Magrath
Company Number
06668360 (England and Wales)
Registered Office
Unit V103 Vox Studios
1-45 Durham Street
London
SE11 5JH
CoDwellers.com Ltd
Statement of financial position
as at 31 December 2022
Tangible assets
22,699
10,322
Cash at bank and in hand
14,302
150,922
Creditors: amounts falling due within one year
(675,363)
(573,875)
Net current (liabilities)/assets
(79,396)
1,068
Total assets less current liabilities
(56,697)
11,390
Creditors: amounts falling due after more than one year
(174,499)
(210,700)
Net liabilities
(231,196)
(199,310)
Called up share capital
27,527
31,162
Share premium
289,263
535,953
Profit and loss account
(547,986)
(766,425)
Shareholders' funds
(231,196)
(199,310)
For the year ending 31 December 2022 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 31 July 2023 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 2022
CoDwellers.com Ltd is a private company, limited by shares, registered in England and Wales, registration number 06668360. The registered office is Unit V103 Vox Studios, 1-45 Durham Street, London, SE11 5JH.
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 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
On 13 March 2022 there was share buy-back of 3,635 shares at a nominal value of £1 each. Under S707 Companies Act 2006 the shares purchased for cancellation were 3635 ordinary shares at a nominal value of £1 each which were delivered to the company on the 13/03/2022.
The total aggregate amount paid on shares purchased for cancellation was £250,324.65. There was nil shares purchased into the treasury.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2022
14,930
46,050
60,980
At 31 December 2022
14,930
67,091
82,021
At 1 January 2022
14,930
35,728
50,658
Charge for the year
-
8,664
8,664
At 31 December 2022
14,930
44,392
59,322
At 31 December 2022
-
22,699
22,699
At 31 December 2021
-
10,322
10,322
CoDwellers.com Ltd
Notes to the Accounts
for the year ended 31 December 2022
Amounts falling due within one year
Trade debtors
438,066
341,322
Accrued income and prepayments
48,378
10,791
Other debtors
95,221
30,051
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
48,744
10,648
Trade creditors
50,110
50,676
Taxes and social security
134,513
102,920
Other creditors
21,045
13,807
Deferred income
273,149
266,959
7
Creditors: amounts falling due after more than one year
2022
2021
Other creditors
39,638
176,070
A loan of £39,638 (2021: £176,070) from David Piggin, a director and shareholder, is repayable on demand. £136,432 (2021: £130,000) 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 £50,000 was taken out in 2020. This is repayable over a 5 year term at a fixed interest rate of 2.5%.
In January 2022 a long-term loan of £260,500 was taken out with Selina Finance Limited. This loan is repayable over 7 years and has a personal guarantee from D Piggin. £147,953 remained owed as of 31 December 2022.
Allotted, called up and fully paid:
27,527 Ordinary shares of £1 each
27,527
31,162
9
Transactions with related parties
There is a loan, due after more than one year, of £39,638 (2021: £176,070) to David Piggin, a director.
10
Average number of employees
During the year the average number of employees was 24 (2021: 27).