Acorah Software Products - Accounts Production 14.5.601 false true true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 09676775 Mr Richard McDonald Mr Richard McDonald Mr Richard McDonald and Mrs Tania McDonald true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09676775 2022-07-31 09676775 2023-07-31 09676775 2022-08-01 2023-07-31 09676775 frs-core:CurrentFinancialInstruments 2023-07-31 09676775 frs-core:ComputerEquipment 2023-07-31 09676775 frs-core:ComputerEquipment 2022-08-01 2023-07-31 09676775 frs-core:ComputerEquipment 2022-07-31 09676775 frs-core:ShareCapital 2023-07-31 09676775 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 09676775 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09676775 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 09676775 frs-bus:SmallEntities 2022-08-01 2023-07-31 09676775 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 09676775 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 09676775 frs-bus:OrdinaryShareClass1 2022-08-01 2023-07-31 09676775 frs-bus:OrdinaryShareClass1 2023-07-31 09676775 1 2022-08-01 2023-07-31 09676775 frs-bus:Director1 2022-08-01 2023-07-31 09676775 frs-bus:CompanySecretary1 2022-08-01 2023-07-31 09676775 frs-countries:EnglandWales 2022-08-01 2023-07-31 09676775 2021-07-31 09676775 2022-07-31 09676775 2021-08-01 2022-07-31 09676775 frs-core:CurrentFinancialInstruments 2022-07-31 09676775 frs-core:ShareCapital 2022-07-31 09676775 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31 09676775 frs-bus:OrdinaryShareClass1 2021-08-01 2022-07-31
Registered number: 09676775
Identiom Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Ten Forward Accounting Ltd
Chartered Certified Accountants
1 Mountview Court
310 Friern Barnet Lane
London
N20 0LD
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 09676775
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,706 6,053
4,706 6,053
CURRENT ASSETS
Debtors 5 21,093 9,512
Cash at bank and in hand 10,504 12,288
31,597 21,800
Creditors: Amounts Falling Due Within One Year 6 (74,785 ) (54,625 )
NET CURRENT ASSETS (LIABILITIES) (43,188 ) (32,825 )
TOTAL ASSETS LESS CURRENT LIABILITIES (38,482 ) (26,772 )
NET LIABILITIES (38,482 ) (26,772 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Income Statement (38,483 ) (26,773 )
SHAREHOLDERS' FUNDS (38,482) (26,772)
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Richard McDonald
Director
23 April 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Identiom Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09676775 . The registered office is 1 Mountview Court, 310 Friern Barnet Lane, London, N20 0LD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the director that he will continue to give financial support to the company for the foreseeable future.
On this basis, the director considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% Straight Line Basis
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 2)
1 2
Page 2
Page 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2022 11,982
Additions 2,188
As at 31 July 2023 14,170
Depreciation
As at 1 August 2022 5,929
Provided during the period 3,535
As at 31 July 2023 9,464
Net Book Value
As at 31 July 2023 4,706
As at 1 August 2022 6,053
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 14,037 2,456
Corporation tax recoverable assets 7,056 7,056
21,093 9,512
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 6,665 4,419
VAT 1,562 109
Other creditors 24,613 24,961
Accruals and deferred income 1,950 1,875
Director's loan account 39,995 23,261
74,785 54,625
7. Share Capital
2023 2022
Allotted, called up and fully paid £ £
20 Ordinary Shares of £ 0.050 each 1 1
8. Ultimate Controlling Party
The company's ultimate controlling party are Mr Richard McDonald and Mrs Tania McDonald by virtue of their combined ownership of 100% of the issued share capital in the company.
Page 3