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REGISTERED NUMBER: 01366967 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

IDENT MACHINES LIMITED

IDENT MACHINES LIMITED (REGISTERED NUMBER: 01366967)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IDENT MACHINES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Christopher Barrie Bates
Sarah Louise Ginns





SECRETARY: Sarah Louise Ginns





REGISTERED OFFICE: Stapleton Lane
Barwell
Leicestershire
LE9 8HE





REGISTERED NUMBER: 01366967 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants
25 Station Road
Hinckley
Leicestershire
LE10 1AP

IDENT MACHINES LIMITED (REGISTERED NUMBER: 01366967)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 199,594 224,650

CURRENT ASSETS
Stocks 415,103 342,324
Debtors 5 317,311 134,235
Cash at bank and in hand 488,397 909,800
1,220,811 1,386,359
CREDITORS
Amounts falling due within one year 6 138,684 241,778
NET CURRENT ASSETS 1,082,127 1,144,581
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,281,721

1,369,231

PROVISIONS FOR LIABILITIES 37,923 44,930
NET ASSETS 1,243,798 1,324,301

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 1,243,788 1,324,291
SHAREHOLDERS' FUNDS 1,243,798 1,324,301

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

IDENT MACHINES LIMITED (REGISTERED NUMBER: 01366967)

BALANCE SHEET - continued
30 NOVEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2024 and were signed on its behalf by:





Christopher Barrie Bates - Director


IDENT MACHINES LIMITED (REGISTERED NUMBER: 01366967)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Ident Machines Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

For incomplete contracts, an assessment is made of the extent to which revenue has been earned. This assessment takes into account the nature of assignment, its stage of completion and the relevant contract terms.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property improvements - 8% on cost
Plant and machinery - 8% on reducing balance
Office equipment - at variable rates on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

IDENT MACHINES LIMITED (REGISTERED NUMBER: 01366967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Leasehold
property Plant and Office Motor
improvements machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022
and 30 November 2023 6,834 547,641 42,494 39,040 636,009
DEPRECIATION
At 1 December 2022 6,834 356,298 29,176 19,051 411,359
Charge for year - 19,140 1,918 3,998 25,056
At 30 November 2023 6,834 375,438 31,094 23,049 436,415
NET BOOK VALUE
At 30 November 2023 - 172,203 11,400 15,991 199,594
At 30 November 2022 - 191,343 13,318 19,989 224,650

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 289,314 115,458
Other debtors 22,048 18,777
UK corporation tax 5,949 -
317,311 134,235

IDENT MACHINES LIMITED (REGISTERED NUMBER: 01366967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 32,131 72,041
Corporation tax - 5,949
Social security and other taxes 6,412 6,281
VAT 20,337 98,572
Other creditors 39,246 13,494
Directors' loan accounts 40,558 45,441
138,684 241,778

7. RELATED PARTY DISCLOSURES

During the year there were purchases from an associated business of £64,790 (2022 - £59,020) and at the year end there was a liability to this business of £nil (2022 - £nil). Sales to an associated business during the year was £7,200 (2022 - £7,200). The debtor with the associated business at the year end was £7,200 (2022 - £7,200).

8. ULTIMATE CONTROLLING PARTY

The controlling party is Christopher Barrie Bates.