Code Development Limited

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code development limited Company Information

Live

MatureMicroDeclining

Company Number

03436191

Next Accounts

Sep 2025

Industry

Other software publishing

Directors

Dusko Delic

Alexander Delic

Shareholders

dusko delic

alexander delic

Group Structure

View All

Contact

Registered Address

15 needham court blagrove road, teddington, TW11 0EF

Website

http://maxtaf.com

code development limited Estimated Valuation

£528.6k

Pomanda estimates the enterprise value of CODE DEVELOPMENT LIMITED at £528.6k based on a Turnover of £479.3k and 1.1x industry multiple (adjusted for size and gross margin).

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Code Development Limited is a live company located in teddington, TW11 0EF with a Companies House number of 03436191. It operates in the other software publishing sector, SIC Code 58290. Founded in September 1997, it's largest shareholder is dusko delic with a 80% stake. Code Development Limited is a mature, micro sized company, Pomanda has estimated its turnover at £479.3k with declining growth in recent years.

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Pomanda's financial health check has awarded Code Development Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

3 Regular

5 Weak

Size

annual sales of £479.3k, make it smaller than the average company (£5.5m)

Growth

3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (7.7%)

EXPORT

Code Development Limited's latest turnover from December 2023 is estimated at £479.3 thousand and the company has net assets of £72.3 thousand. According to their latest financial statements, Code Development Limited has 3 employees and maintains cash reserves of £247 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	479,337	474,368	958,883	596,091	665,744	1,252,053	1,407,279	1,538,229	400,508	104,530	746,175	303,270	361,518	288,394	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	129,017	128,461	265,648	189,907	214,435	417,530	456,422	452,210	132,417	32,500	254,352	90,525	108,405	85,260	0
Gross Profit	350,320	345,907	693,235	406,184	451,310	834,523	950,857	1,086,019	268,091	72,030	491,823	212,746	253,113	203,134	0
Admin Expenses	438,431	318,670	618,835	472,763	469,917	876,368	922,519	1,029,311	257,803	7,169	467,834	204,436	215,715	391,173	-260,962
Operating Profit	-88,111	27,237	74,400	-66,579	-18,607	-41,845	28,338	56,708	10,288	64,861	23,989	8,310	37,398	-188,039	260,962
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	14,528	5,363	0	0	0	0	0	136	534	659	921	1,512	1,853	1,392	527
Pre-Tax Profit	-73,583	32,600	74,400	-66,579	-18,607	-41,845	28,338	56,844	10,823	65,520	24,909	9,822	39,251	-186,647	261,489
Tax	0	-6,194	-14,136	0	0	0	-5,384	-11,369	-2,164	-13,759	-5,729	-2,357	-10,205	0	-73,217
Profit After Tax	-73,583	26,406	60,264	-66,579	-18,607	-41,845	22,954	45,475	8,658	51,761	19,180	7,465	29,046	-186,647	188,272
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-73,583	26,406	60,264	-66,579	-18,607	-41,845	22,954	45,475	8,658	51,761	19,180	7,465	29,046	-186,647	188,272
Employee Costs	253,628	236,920	219,637	144,566	70,041	673,524	766,196	829,904	244,529	61,392	417,417	174,510	174,499	174,242	0
Number Of Employees	3	3	3	2	1	10	11	13	4	1	7	3	3	3	0
EBITDA*	-88,111	27,237	74,400	-66,579	-18,607	-41,845	28,338	56,708	11,563	65,736	24,672	9,117	38,136	-187,755	261,616

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	0	0	306	611	0	683	1,405	556	0	1,275	2,150	2,708	1,849	1,101	322
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	306	611	0	683	1,405	556	0	1,275	2,150	2,708	1,849	1,101	322
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	261,057	165,390	227,964	234,217	282,106	288,728	73,017	18,188	131,517	44,371	49,587	42,084	91,916
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	840	0	0	0	0	0	0	0	0	23,186	0	0	0	0	0
Cash	247,000	306,446	0	0	0	0	0	0	108,727	105,018	158,632	209,604	395,173	346,193	210,804
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	14,929
total current assets	247,840	306,446	261,057	165,390	227,964	234,217	282,106	288,728	181,744	146,392	290,149	253,975	444,760	388,277	317,649
total assets	247,840	306,446	261,363	166,001	227,964	234,900	283,511	289,284	181,744	147,667	292,299	256,683	446,609	389,378	317,971
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	140,003	104,905	99,252	0	97,347	126,074	52,648	38,589	234,982	218,546	415,937	387,752	125,762
Group/Directors Accounts	165,892	147,441	0	0	0	0	0	0	11,360	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	9,628	13,201	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	175,520	160,642	140,003	104,905	99,252	0	97,347	126,074	64,008	38,589	234,982	218,546	415,937	387,752	125,762
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	1,963	1,963	0	0	0	0	0	0	0	0	0	0	3,935
other liabilities	0	0	0	0	0	90,581	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	3,000	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	1,963	1,963	3,000	90,581	0	0	0	0	0	0	0	0	3,935
total liabilities	175,520	160,642	141,966	106,868	102,252	90,581	97,347	126,074	64,008	38,589	234,982	218,546	415,937	387,752	129,697
net assets	72,320	145,804	119,397	59,133	125,712	144,319	186,164	163,210	117,736	109,078	57,317	38,137	30,672	1,626	188,274
total shareholders funds	72,320	145,804	119,397	59,133	125,712	144,319	186,164	163,210	117,736	109,078	57,317	38,137	30,672	1,626	188,274

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-88,111	27,237	74,400	-66,579	-18,607	-41,845	28,338	56,708	10,288	64,861	23,989	8,310	37,398	-188,039	260,962
Depreciation	0	0	0	0	0	0	0	0	1,275	875	683	807	738	284	654
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-6,194	-14,136	0	0	0	-5,384	-11,369	-2,164	-13,759	-5,729	-2,357	-10,205	0	-73,217
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	840	-261,057	95,667	-62,574	-6,253	-47,889	-6,622	215,711	31,643	-90,143	87,146	-5,216	7,503	-49,832	91,916
Creditors	0	-140,003	35,098	5,653	99,252	-97,347	-28,727	73,426	14,059	-196,393	16,436	-197,391	28,185	261,990	125,762
Accruals and Deferred Income	-3,573	11,238	0	1,963	0	0	0	0	0	0	0	0	0	-3,935	3,935
Deferred Taxes & Provisions	0	0	0	-3,000	3,000	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-92,524	153,335	-305	611	89,898	-91,303	849	-96,946	-8,185	-54,273	-51,767	-185,415	48,613	120,132	226,180
Investing Activities
capital expenditure	0	306	305	-611	683	722	-849	-556	0	0	-125	-1,666	-1,486	-1,063	-976
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	306	305	-611	683	722	-849	-556	0	0	-125	-1,666	-1,486	-1,063	-976
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	18,451	147,441	0	0	0	0	0	-11,360	11,360	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	-90,581	90,581	0	0	0	0	0	0	0	0	0
share issue	99	1	0	0	0	0	0	-1	0	0	0	0	0	-1	2
interest	14,528	5,363	0	0	0	0	0	136	534	659	921	1,512	1,853	1,392	527
cash flow from financing	33,078	152,805	0	0	-90,581	90,581	0	-11,225	11,894	659	921	1,512	1,853	1,391	529
cash and cash equivalents
cash	-59,446	306,446	0	0	0	0	0	-108,727	3,709	-53,614	-50,972	-185,569	48,980	135,389	210,804
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-59,446	306,446	0	0	0	0	0	-108,727	3,709	-53,614	-50,972	-185,569	48,980	135,389	210,804

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CODE DEVELOPMENT LIMITED group structure

Code Development Limited has no subsidiary companies.

Ultimate parent company

CODE DEVELOPMENT LIMITED

03436191

CODE DEVELOPMENT LIMITED Shareholders

dusko delic	80%
alexander delic	20%

Code Development Limited currently has 2 directors. The longest serving directors include Dusko Delic (Sep 1997) and Mr Alexander Delic (Jun 2019).

officer	country	age	start	end	role
Dusko Delic	England	60 years	Sep 1997	-	Director
Mr Alexander Delic	England	28 years	Jun 2019	-	Director

P&L

December 2023

turnover

479.3k

+1%

operating profit

-88.1k

gross margin

73.1%

+0.23%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

72.3k

-0.5%

total assets

247.8k

-0.19%

cash

247k

-0.19%

net assets

Total assets minus all liabilities

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company number

03436191

Type

Private limited with Share Capital

industry

58290 - Other software publishing

incorporation date

September 1997

ultimate parent company

None

previous names

dynace limited (November 1997)

address

15 needham court blagrove road, teddington, TW11 0EF

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code development limited Company Information

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