2022-04-012023-03-312023-03-31false07016685IDENTITY STUDIO LTD2023-11-30iso4217:GBPxbrli:pure070166852022-04-01070166852023-03-31070166852022-04-012023-03-31070166852021-04-01070166852022-03-31070166852021-04-012022-03-3107016685bus:SmallEntities2022-04-012023-03-3107016685bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3107016685bus:AbridgedAccounts2022-04-012023-03-3107016685bus:PrivateLimitedCompanyLtd2022-04-012023-03-3107016685core:WithinOneYear2023-03-3107016685core:AfterOneYear2023-03-3107016685core:WithinOneYear2022-03-3107016685core:AfterOneYear2022-03-3107016685core:ShareCapital2023-03-3107016685core:SharePremium2023-03-3107016685core:RevaluationReserve2023-03-3107016685core:OtherReservesSubtotal2023-03-3107016685core:RetainedEarningsAccumulatedLosses2023-03-3107016685core:ShareCapital2022-03-3107016685core:SharePremium2022-03-3107016685core:RevaluationReserve2022-03-3107016685core:OtherReservesSubtotal2022-03-3107016685core:RetainedEarningsAccumulatedLosses2022-03-3107016685core:LandBuildings2023-03-3107016685core:PlantMachinery2023-03-3107016685core:Vehicles2023-03-3107016685core:FurnitureFittings2023-03-3107016685core:OfficeEquipment2023-03-3107016685core:NetGoodwill2023-03-3107016685core:IntangibleAssetsOtherThanGoodwill2023-03-3107016685core:ListedExchangeTraded2023-03-3107016685core:UnlistedNon-exchangeTraded2023-03-3107016685core:LandBuildings2022-03-3107016685core:PlantMachinery2022-03-3107016685core:Vehicles2022-03-3107016685core:FurnitureFittings2022-03-3107016685core:OfficeEquipment2022-03-3107016685core:NetGoodwill2022-03-3107016685core:IntangibleAssetsOtherThanGoodwill2022-03-3107016685core:ListedExchangeTraded2022-03-3107016685core:UnlistedNon-exchangeTraded2022-03-3107016685core:LandBuildings2022-04-012023-03-3107016685core:PlantMachinery2022-04-012023-03-3107016685core:Vehicles2022-04-012023-03-3107016685core:FurnitureFittings2022-04-012023-03-3107016685core:OfficeEquipment2022-04-012023-03-3107016685core:NetGoodwill2022-04-012023-03-3107016685core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3107016685core:ListedExchangeTraded2022-04-012023-03-3107016685core:UnlistedNon-exchangeTraded2022-04-012023-03-3107016685core:MoreThanFiveYears2022-04-012023-03-3107016685core:Non-currentFinancialInstruments2023-03-3107016685core:Non-currentFinancialInstruments2022-03-3107016685dpl:CostSales2022-04-012023-03-3107016685dpl:DistributionCosts2022-04-012023-03-3107016685core:LandBuildings2022-04-012023-03-3107016685core:PlantMachinery2022-04-012023-03-3107016685core:Vehicles2022-04-012023-03-3107016685core:FurnitureFittings2022-04-012023-03-3107016685core:OfficeEquipment2022-04-012023-03-3107016685dpl:AdministrativeExpenses2022-04-012023-03-3107016685core:NetGoodwill2022-04-012023-03-3107016685core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3107016685dpl:GroupUndertakings2022-04-012023-03-3107016685dpl:ParticipatingInterests2022-04-012023-03-3107016685dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3107016685core:ListedExchangeTraded2022-04-012023-03-3107016685dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3107016685core:UnlistedNon-exchangeTraded2022-04-012023-03-3107016685dpl:CostSales2021-04-012022-03-3107016685dpl:DistributionCosts2021-04-012022-03-3107016685core:LandBuildings2021-04-012022-03-3107016685core:PlantMachinery2021-04-012022-03-3107016685core:Vehicles2021-04-012022-03-3107016685core:FurnitureFittings2021-04-012022-03-3107016685core:OfficeEquipment2021-04-012022-03-3107016685dpl:AdministrativeExpenses2021-04-012022-03-3107016685core:NetGoodwill2021-04-012022-03-3107016685core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3107016685dpl:GroupUndertakings2021-04-012022-03-3107016685dpl:ParticipatingInterests2021-04-012022-03-3107016685dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3107016685core:ListedExchangeTraded2021-04-012022-03-3107016685dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3107016685core:UnlistedNon-exchangeTraded2021-04-012022-03-3107016685core:NetGoodwill2023-03-3107016685core:IntangibleAssetsOtherThanGoodwill2023-03-3107016685core:LandBuildings2023-03-3107016685core:PlantMachinery2023-03-3107016685core:Vehicles2023-03-3107016685core:FurnitureFittings2023-03-3107016685core:OfficeEquipment2023-03-3107016685core:AfterOneYear2023-03-3107016685core:WithinOneYear2023-03-3107016685core:ListedExchangeTraded2023-03-3107016685core:UnlistedNon-exchangeTraded2023-03-3107016685core:ShareCapital2023-03-3107016685core:SharePremium2023-03-3107016685core:RevaluationReserve2023-03-3107016685core:OtherReservesSubtotal2023-03-3107016685core:RetainedEarningsAccumulatedLosses2023-03-3107016685core:NetGoodwill2022-03-3107016685core:IntangibleAssetsOtherThanGoodwill2022-03-3107016685core:LandBuildings2022-03-3107016685core:PlantMachinery2022-03-3107016685core:Vehicles2022-03-3107016685core:FurnitureFittings2022-03-3107016685core:OfficeEquipment2022-03-3107016685core:AfterOneYear2022-03-3107016685core:WithinOneYear2022-03-3107016685core:ListedExchangeTraded2022-03-3107016685core:UnlistedNon-exchangeTraded2022-03-3107016685core:ShareCapital2022-03-3107016685core:SharePremium2022-03-3107016685core:RevaluationReserve2022-03-3107016685core:OtherReservesSubtotal2022-03-3107016685core:RetainedEarningsAccumulatedLosses2022-03-3107016685core:NetGoodwill2021-04-0107016685core:IntangibleAssetsOtherThanGoodwill2021-04-0107016685core:LandBuildings2021-04-0107016685core:PlantMachinery2021-04-0107016685core:Vehicles2021-04-0107016685core:FurnitureFittings2021-04-0107016685core:OfficeEquipment2021-04-0107016685core:AfterOneYear2021-04-0107016685core:WithinOneYear2021-04-0107016685core:ListedExchangeTraded2021-04-0107016685core:UnlistedNon-exchangeTraded2021-04-0107016685core:ShareCapital2021-04-0107016685core:SharePremium2021-04-0107016685core:RevaluationReserve2021-04-0107016685core:OtherReservesSubtotal2021-04-0107016685core:RetainedEarningsAccumulatedLosses2021-04-0107016685core:AfterOneYear2022-04-012023-03-3107016685core:WithinOneYear2022-04-012023-03-3107016685core:Non-currentFinancialInstrumentscore:CostValuation2022-04-012023-03-3107016685core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-04-012023-03-3107016685core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-04-012023-03-3107016685core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-04-012023-03-3107016685core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-04-012023-03-3107016685core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-04-012023-03-3107016685core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3107016685core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3107016685core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-04-012023-03-3107016685core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3107016685core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3107016685core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3107016685core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3107016685core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3107016685core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3107016685core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3107016685core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3107016685core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3107016685core:Non-currentFinancialInstrumentscore:CostValuation2022-03-3107016685core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-03-3107016685core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-03-3107016685core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-03-3107016685core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-03-3107016685core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-03-3107016685core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-03-3107016685core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-03-3107016685core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-03-3107016685bus:Director12022-04-012023-03-3107016685bus:Director22022-04-012023-03-3107016685bus:Director32022-04-012023-03-31

IDENTITY STUDIO LTD

Registered Number
07016685
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

IDENTITY STUDIO LTD
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

HOWE, Maxine Dawn
HUDSON, Mark Foley
SPRAGUE, Kelvin

Registered Address

Tavy
Warran Lane
Tavistock
PL19 9DB

Registered Number

07016685 (England and Wales)
IDENTITY STUDIO LTD
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets61,1711,133
1,1711,133
Current assets
Stocks-1,500
Debtors723,53520,872
Cash at bank and on hand18,4546,597
41,98928,969
Creditors amounts falling due within one year8(21,063)(27,907)
Net current assets (liabilities)20,9261,062
Total assets less current liabilities22,0972,195
Net assets22,0972,195
Capital and reserves
Called up share capital100100
Profit and loss account21,9972,095
Shareholders' funds22,0972,195
The financial statements were approved and authorised for issue by the Board of Directors on 30 November 2023, and are signed on its behalf by:
HOWE, Maxine Dawn
Director
Registered Company No. 07016685
IDENTITY STUDIO LTD
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company is that of a design agency.
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year33
6.Property, plant and equipment

Total

£
Cost or valuation
At 01 April 229,232
Additions413
At 31 March 239,645
Depreciation and impairment
At 01 April 228,099
Charge for year375
At 31 March 238,474
Net book value
At 31 March 231,171
At 31 March 221,133
7.Debtors

2023

2022

££
Trade debtors / trade receivables23,53520,872
Total23,53520,872
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.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables1,2525,378
Bank borrowings and overdrafts2997,199
Taxation and social security19,21213,910
Accrued liabilities and deferred income3001,420
Total21,06327,907
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.