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REGISTERED NUMBER: 08268329 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

IDENTITY INCORPORATED GROUP LIMITED

IDENTITY INCORPORATED GROUP LIMITED (REGISTERED NUMBER: 08268329)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IDENTITY INCORPORATED GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: J Martin
M Dennington





REGISTERED OFFICE: 3rd Floor
21 Perrymount Road
Haywards Heath
West Sussex
RH16 3TP





REGISTERED NUMBER: 08268329 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

IDENTITY INCORPORATED GROUP LIMITED (REGISTERED NUMBER: 08268329)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 20 20

CURRENT ASSETS
Debtors 5 9,292 13,035
Cash at bank 69 26
9,361 13,061
CREDITORS
Amounts falling due within one year 6 5,122 11,599
NET CURRENT ASSETS 4,239 1,462
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,259

1,482

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 4,239 1,462
SHAREHOLDERS' FUNDS 4,259 1,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 4 March 2024 and were signed on its behalf by:




M Dennington - Director



J Martin - Director


IDENTITY INCORPORATED GROUP LIMITED (REGISTERED NUMBER: 08268329)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

Identity Incorporated Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Each unit has been rounded to the nearest whole pound.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

IDENTITY INCORPORATED GROUP LIMITED (REGISTERED NUMBER: 08268329)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2022
and 31 August 2023 20
NET BOOK VALUE
At 31 August 2023 20
At 31 August 2022 20

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 780 780
Directors' current accounts 7,830 8,482
Tax - 2,863
VAT 140 368
Prepayments 542 542
9,292 13,035

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 650 6,454
Tax 1,133 3,995
Helen Griffiths 2,074 -
Accrued expenses 1,265 1,150
5,122 11,599

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
M Dennington
Balance outstanding at start of year (4,151 ) 449
Amounts repaid 4,331 (4,600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 180 (4,151 )

J Martin
Balance outstanding at start of year (4,331 ) 269
Amounts repaid 4,331 (4,600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (4,331 )

IDENTITY INCORPORATED GROUP LIMITED (REGISTERED NUMBER: 08268329)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


8. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the director, John Martin and Michael Dennington by virtue of their ownership of 90% of the share capital