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REGISTERED NUMBER: 13277976 (England and Wales)













GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIOD

1 SEPTEMBER 2022 TO 29 FEBRUARY 2024

FOR

IDENTITY GLOBAL LIMITED

IDENTITY GLOBAL LIMITED (REGISTERED NUMBER: 13277976)






CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 7

Report of the Independent Auditors 9

Consolidated Income Statement 12

Consolidated Other Comprehensive Income 13

Consolidated Balance Sheet 14

Company Balance Sheet 15

Consolidated Statement of Changes in Equity 16

Company Statement of Changes in Equity 17

Consolidated Cash Flow Statement 18

Notes to the Consolidated Cash Flow Statement 19

Notes to the Consolidated Financial Statements 20


IDENTITY GLOBAL LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024







DIRECTORS: M Gietzen
P K Fitzpatrick
Ms J Dodd
S M Dunnell





REGISTERED OFFICE: 30-34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 13277976 (England and Wales)





AUDITORS: Watson Associates (Audit Services) Ltd
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

IDENTITY GLOBAL LIMITED (REGISTERED NUMBER: 13277976)

GROUP STRATEGIC REPORT
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024

The Identity group of companies has continued to play a vital part in the revival of the events sector post-pandemic, and our efforts continue for the business to grow our market share and become the No.1 Events Agency in the UK. We have successfully delivered several high-profile events for the UK government and our Middle East clients in region during the financial year.

BUSINESS REVIEW: GROWTH, INNOVATION AND DEVELOPMENT
The Identity group of companies has successfully adapted to the needs of our clients and has maintained strong working relationships. Due to demand and opportunities, Identity has opened its Middle East operations in Abu Dhabi "Identity Events Management LLC" in Q1 2023 and our Dubai branch in Q2 2023 and successfully delivered COP 28 in the region. We continue to invest in our strategic growth plans for the forthcoming year to strengthen our UK and Global operations.

During the year we launched our 'Human Experience' series of exclusive thought-leadership events designed to be informal, interactive events which are client and prospect-focussed, with pioneering and innovative, thought-leadership content and high production values.
Driven by scientific data the events featured high-profile expert speakers as well as in-house experts relating the content to the context of the human experience in events.

We also continued our investment in technology, social channel marketing, brand evolution and communications expertise with the goal of truly cementing Identity's firm foothold in the market

Financial health and commercial successes

The conditions in this financial year have been challenging with rising costs within our supply chains due to inflation affecting client budgets and margins in the UK. As part of our expansion into the Middle East we have incurred one off set up costs as well as being able to secure and deliver the one of the largest events in the region.

Due to a realignment of our global operations, it was necessary to change our financial year end to February and therefore the revenue and profits reported are for an 18-month period ending Feb 24. Group revenue for the 18-month period is £256.5m (2022 £140.9) with pre-tax profit at £14.7m (2022 £25.1m).

Business operations development

Total Employees for the group as of 29 February 2024:

UK
60 women
51 men

UAE (United Arab Emirates)
10 Women
10 Men

By continuing to focus on equality, diversity and inclusion as a business imperative, we ensure that we offer opportunities to all talented people, as well as reflecting the diversity of our clients, and driving business growth. Identity has also made significant investment into the positive improvements of structure, processes, and systems within its HR function, and will continue this into the next financial year as part of our continuous development programme.

Accreditations

We have renewed our ISO 9001, ISO 14001, ISO 45001, and ISO 27001 accreditations to further evidence our commitment to the robust systems and processes that support our continued high-quality delivery of world-class events.


IDENTITY GLOBAL LIMITED (REGISTERED NUMBER: 13277976)

GROUP STRATEGIC REPORT
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024

MITIGATING RISKS AND UNCERTAINTIES
Identity is highly adept at identifying, monitoring, and managing risks. The business is ready for any challenge that the year ahead may present. We have identified the key risks and uncertainties that could affect the business and have developed appropriate mitigations for each, outlined below.

Potential risks associated with current events

Global supply chains:
As Identity derives part of our income from within the UK and purchases from UK suppliers and has a low proportion of staff from EU countries, the impact of Brexit on the company should continue to be minimal. Where suppliers bring goods into the UK, Identity has discussed stock-holding levels and anticipates ongoing continuity of supply with minimal disruption. Furthermore, Identity's vast network of suppliers allows us to source products from different suppliers and ensures that we are not dependent on any one brand of product, facilitating even greater resilience within the supply chain.

Economic Risks:
One of the key risks facing the company and businesses worldwide included a possible global recession or slowdown in the economy following a period of high inflation partially due to the ongoing Ukraine and Russia conflict, which has increased energy and fuel prices, and caused shortages in some supply chains.

To mitigate this, Identity will:
o Continue to grow and develop our UK and International client bases.
o Deliver efficiencies by implementing improved internal systems.

Staff retention is a risk as the events industry recovers and the job market remains buoyant. To mitigate this:
o Identity is continually improving the offering to employees, while monitoring and measuring the Net Promotor Indicators.
o Identity has introduced additional training and development funding to allow people within the business to develop, grow and progress - this forms a key part of our staff retention and on-going growth planning.

Potential financial risks typical for businesses in general
We have robust policies and procedures set by the directors, to successfully manage the financial risk typical for a business such as Identity, to ensure the healthy financial performance of the company. The company does not use derivative financial instruments to manage interest rate risks.

Price risk:
We take pride in delivering events of the highest quality while achieving optimum value for money for its clients. We work closely with our suppliers to limit price risk in the supply chain and meet the demands to deliver year-on-year value for customers. Price risk is further mitigated by the size and strength of Identity's operations, as well as the company's financial security, robust policies, and procedures.

Credit risk:
Identity has a rigorous credit risk assessment process for new customers. In advance of committing to large amounts of expenditure on projects, customers are required to pay a proportion in advance. This approach helps to mitigate the risk that some customers may not be able to pay their debts when required. Overall, due to strong supplier relationships and robust policies and procedures, the directors consider Identity's exposure in this area to be minimal risk.

Liquidity risk:
Identity has sufficient cash resources, either our own funds or access to further bank facilities, to mitigate risk in relation to liquidity (difficulty in meeting obligations associated with a company's financial liabilities). The company has a responsible and rigorous approach to financial management.

Foreign Exchange Risk:
As Identity expands into new territories there is greater exposure to fluctuations in foreign currency. Identity looks at the size and length of contracts to assess exposure in this area and where it is appropriate, takes out foreign exchange contracts to minimise this risk.


IDENTITY GLOBAL LIMITED (REGISTERED NUMBER: 13277976)

GROUP STRATEGIC REPORT
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024

SECTION 172(1) STATEMENT
Section 172 of the Companies Act 2006 requires a director of a company to act in the way they consider, in good faith, would most likely promote the success of the company for the benefit of its members. Identity's directors seek to ensure that their decision-making process considers the company's purpose, vision, and values, together with our strategic priorities, and reflects, as far as is practical and possible, the interests of all stakeholders. This commitment covers the:

- Likely consequences of any decisions in the long-term
- Interests of Identity's employees
- Need to foster Identity's business relationships with suppliers, customers, and others.
- Impact of Identity's operations on the community and the environment
- Desire for Identity to maintain a reputation for exacting standards of business conduct.
- Need to act fairly among members of Identity.

Identity's policy is to consult and discuss the interests of employees through staff meetings and quarterly Town Halls facilitated by the Executive Team. Identity's wider internal communications strategy incorporates information bulletins and reports to employees, including a monthly update from the Managing Director. This celebrates team and individual achievements, as well as providing an opportunity to communicate important updates and strategic plans.

The company builds and maintains strong client and supplier relationships via personal meetings, interactions, events, promotional activities, communications, and site visits.

In support of Section 172, Identity holds Directors and Officers liability insurance.

GOING CONCERN: CONTINUED OPERATIONS
The directors of Identity have carried out a detailed review and analysis of secured work for the coming financial year as well as any associated risks. Financial modelling has been undertaken for the year ahead and beyond. The directors are fully satisfied that the company has the sufficient resources to continue in operation for at least 12 months from the signing date of the Annual Report and Accounts. They therefore consider that it is appropriate to prepare the accounts on a 'going concern' basis.


IDENTITY GLOBAL LIMITED (REGISTERED NUMBER: 13277976)

GROUP STRATEGIC REPORT
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024

IDENTITY'S COMMITMENT TO SUSTAINABILITY AND SOCIAL VALUE
Identity is committed to leading the way in delivering exemplary, world-class sustainable events through managing environmental, social, and economic performance in the delivery of our projects. This year, we have continued the development of an already established sustainability policy and are building data across key project delivery. This has been supplemented with supporting activities to maintain and improve the company's performance in minimising environmental impacts, delivering social value and ensuring that our supply chain supports these aims.

Part of this commitment includes Streamlined Energy and Carbon Reporting (SECR) of Identity's energy use and associated greenhouse gas emissions from electricity and fuel in the UK. The table below shows data for 12 months (1st March 2023 - 28th Feb 24) and has been compiled using the 2019 HM Government Environmental Reporting Guidelines, the Greenhouse Gas Reporting Protocol Corporate Standard, the UK Government's 2020 and 2021 Conversion Factors for Company Reporting, and the following data sources:

- Fuel consumption - Masternaut mileage tracking of company vehicles - calculations via TRACE.
- Electricity purchased - Energy supplier billing data.
- Upstream transportation & distribution - suppliers collect relevant data - calculations via TRACE.
- Business travel - suppliers collect relevant data - calculations via TRACE.
- Employee commuting - In-house tracking and surveys
- Waste - Waste supplier billing data and online portal.


Scope

Emission Source

Consumption (kWh)
GHG emissions
(tCO2e)
Scope 1 - direct GHG
emissions

Company cars (Diesel)

24,816

7.9
Company cars (Hybrid) 8,819 2.1
Company cars (EV) 995 2.3
Event Delivery 137,188 12.7
Scope 2 - energy
indirect emissions

Purchased electricity

66,691

30.5

Scope 3 - other indirect
emissions
Upstream
Transportation &
Distribution++


-


5882.1
Waste - 0.2
Business travel 1,297,424 840.0


Employee commuting &
home working
emissions


-


9.3
TOTAL 1,535,933 6787.3

Targets and Commitments

Identity is part of the Science-based Targets Initiative through the SME route. The company has committed to reduce its Scope 1 and 2 emissions by 50% by 2030, which is in line with the 1.5C climate change scenario. For Scope 3 emissions, the target is yet to be formulated but will be consistent with the SBTi's latest guidance. The following supplier engagement targets will also be implemented to ensure Identity's suppliers meet high standards for sustainability:

- By 2025, all of Identity's current and potential suppliers for our events will be vetted through our supplier engagement programme. They will be required to report on the specific measures they are taking to reduce their environmental impact including in relation to carbon, energy, and water. All suppliers will need to achieve at least the minimum target score to be approved as a supply chain partner.
- By 2030, all suppliers for our events will need to have science-based targets or achieve the maximum possible rating of our supplier engagement programme.
- Identity will set quantitative Scope 3 intensity targets (in tCO2e/£100k) for suppliers once our Scope 3 emissions baseline is established.

In addition to the measures outlined above, the targets for Identity's business operations are that Identity will:

- Remove diesel and petrol cars from the company fleet and have a 100% fully electric fleet cars by 2030.

IDENTITY GLOBAL LIMITED (REGISTERED NUMBER: 13277976)

GROUP STRATEGIC REPORT
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024

- Implement robust processes and engage waste management suppliers to maximise diversion of event and premises waste away from landfill.
- reduce emissions from business travel 50% by 2030.
- reduce emissions from energy usage from staff working from home 50% by 2030.
- reduce Amazon orders 50% by 2030.
- reduce emissions from energy usage at our offices 50% by 2030.
- reduce company vehicle diesel usage 100% by 2030.


The targets for event delivery are that Identity will:

- measure the carbon emissions of all event deliveries that have a budget of over £1m (to obtain better quality data for future reduction plans)
- eliminate fossil fuels in generators by end of FY23/24
- aim to reduce emissions from electricity usage at event venues 50% by 2030.
- aim to reduce emissions from kit transportation 50% by 2030.
- aim to reduce use of couriers 50% by 2030.
- aim reduce emissions from waste by 50% by 2030.

Energy efficiency measures

Identity has undertaken a range of environmental management measures and projects over the last year, which are as follows:
- signed up to SBTi to reduce our carbon emissions by 50% by 2030.
- formed partnerships with expert sustainability consultants.
- developed a sustainability and environmental policy and management plan to use across the business.
- decommissioned many of our petrol/diesel vehicles and switched to electric and hybrid.
- switched to green energy at our main office.
- invested in TRACE as our emissions tracking tool for our events and to utilise previously collated data to improve emissions data quality.

FUTURE DEVELOPMENTS
Identity is looking forward to the coming year with great confidence. Leveraging our success of 2023/24, combined with a clear growth strategy, the team will continue to develop and innovate to deliver exceptional quality experiences for our clients. Whilst the delivery of some key projects is already assured, along with strong new prospects. We continue to look at expanding our reach in the Middle East - Saudi Arabia, along with looking at acquisition opportunities within the UK to expand our reach within the events sector.

ON BEHALF OF THE BOARD:





M Gietzen - Director


23 August 2024

IDENTITY GLOBAL LIMITED (REGISTERED NUMBER: 13277976)

REPORT OF THE DIRECTORS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024

The directors present their report with the financial statements of the company and the group for the period 1 September 2022 to 29 February 2024.

DIVIDENDS
The total distribution of dividends for the period ended 29 February 2024 will be £507,032.11.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 September 2022 to the date of this report.

M Gietzen
P K Fitzpatrick
Ms J Dodd

Other changes in directors holding office are as follows:

S M Dunnell - appointed 1 October 2022

DISCLOSURE IN THE STRATEGIC REPORT
In accordance with section 414C(11) of the Companies Act 2006 (Strategic Report and Directors' Report)
Regulations 2013 certain information required by schedule 7 of the Large and Medium sized Companies and
Groups (Accounts and Reports) Regulations 2008 is set out in the strategic report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

IDENTITY GLOBAL LIMITED (REGISTERED NUMBER: 13277976)

REPORT OF THE DIRECTORS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024


AUDITORS
The auditors, Watson Associates (Audit Services) Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





M Gietzen - Director


23 August 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
IDENTITY GLOBAL LIMITED

Opinion
We have audited the financial statements of Identity Global Limited (the 'parent company') and its subsidiaries (the 'group') for the period ended 29 February 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 29 February 2024 and of the group's profit for the period then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
IDENTITY GLOBAL LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page seven, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
IDENTITY GLOBAL LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Audit procedures performed by the engagement team to detect irregularities, including fraud from instances of
non-compliance with laws and regulations included:
- Discussions with management, including consideration of known or suspected instances of non-compliance with
laws and regulations and fraud;
- Reading key correspondence from regulatory bodies;
- Challenging assumptions and judgements made by management in it's significant accounting estimates that
involved making assumptions and considering future events that are inherently uncertain, the most significant area being in recognition of costs and revenues for ongoing projects.
- Consideration of recent correspondence with the companies legal advisors to ensure that it aligned with the
conclusions drawn on obligations recognised in respect of uncertain legal matters;
- Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations
or those posted by unexpected users; and
- Testing transactions entered into that are outside of the normal course of the Company's business

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the
financial statements from our general commercial and sector experience, through discussion with the directors
and other management (as required by auditing standards), and from inspection of the group's regulatory and
legal correspondence.. We communicated identified laws and regulations throughout our team and remained
alert to any indications of non-compliance throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Stephen James Moore FCCA (Senior Statutory Auditor)
for and on behalf of Watson Associates (Audit Services) Ltd
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

24 August 2024

IDENTITY GLOBAL LIMITED (REGISTERED NUMBER: 13277976)

CONSOLIDATED INCOME STATEMENT
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024

Period
1.9.22
to Year Ended
29.2.24 31.8.22
Notes £    £   

TURNOVER 4 256,500,902 140,932,053

Cost of sales (222,531,833 ) (103,766,995 )
GROSS PROFIT 33,969,069 37,165,058

Administrative expenses (21,151,884 ) (11,758,146 )
12,817,185 25,406,912

Other operating income 307,646 (428,903 )
OPERATING PROFIT 6 13,124,831 24,978,009

Interest receivable and similar income 1,602,695 170,863
14,727,526 25,148,872
Amounts written off investments 7 (100 ) -
14,727,426 25,148,872

Interest payable and similar expenses 8 (184 ) (22,047 )
PROFIT BEFORE TAXATION 14,727,242 25,126,825

Tax on profit 9 (205,422 ) (4,913,634 )
PROFIT FOR THE FINANCIAL PERIOD 14,521,820 20,213,191
Profit attributable to:
Owners of the parent 14,521,820 20,213,191

IDENTITY GLOBAL LIMITED (REGISTERED NUMBER: 13277976)

CONSOLIDATED OTHER COMPREHENSIVE INCOME
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024

Period
1.9.22
to Year Ended
29.2.24 31.8.22
Notes £    £   

PROFIT FOR THE PERIOD 14,521,820 20,213,191


OTHER COMPREHENSIVE INCOME
Exchange movement on consolidation 5,762 -
Income tax relating to other
comprehensive income

-

-
OTHER COMPREHENSIVE INCOME
FOR THE PERIOD, NET OF INCOME
TAX


5,762


-
TOTAL COMPREHENSIVE INCOME
FOR THE PERIOD

14,527,582

20,213,191

Total comprehensive income attributable to:
Owners of the parent 14,527,582 20,213,191

IDENTITY GLOBAL LIMITED (REGISTERED NUMBER: 13277976)

CONSOLIDATED BALANCE SHEET
29 FEBRUARY 2024

2024 2022
Notes £    £   
FIXED ASSETS
Intangible assets 12 1,048,396 1,265,296
Tangible assets 13 319,173 284,141
Investments 14 - 100
1,367,569 1,549,537

CURRENT ASSETS
Stocks 15 94,994 107,284
Debtors 16 44,254,477 9,730,721
Cash at bank and in hand 38,289,819 38,944,519
82,639,290 48,782,524
CREDITORS
Amounts falling due within one year 17 (23,452,794 ) (3,801,805 )
NET CURRENT ASSETS 59,186,496 44,980,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,554,065

46,530,256

PROVISIONS FOR LIABILITIES 19 (73,475 ) (70,227 )
NET ASSETS 60,480,590 46,460,029

CAPITAL AND RESERVES
Called up share capital 20 241 229
Other reserves 21 20,231,344 20,231,344
Foreign exchange reserves 21 5,762 -
Retained earnings 21 40,243,243 26,228,456
SHAREHOLDERS' FUNDS 60,480,590 46,460,029

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





M Gietzen - Director


IDENTITY GLOBAL LIMITED (REGISTERED NUMBER: 13277976)

COMPANY BALANCE SHEET
29 FEBRUARY 2024

2024 2022
Notes £    £   
FIXED ASSETS
Intangible assets 12 - -
Tangible assets 13 - -
Investments 14 1,478,540 1,446,382
1,478,540 1,446,382

CURRENT ASSETS
Debtors 16 10,479,434 3,482,357
Cash at bank - 40,789
10,479,434 3,523,146
CREDITORS
Amounts falling due within one year 17 (8,503,571 ) (445,504 )
NET CURRENT ASSETS 1,975,863 3,077,642
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,454,403

4,524,024

CAPITAL AND RESERVES
Called up share capital 20 241 229
Retained earnings 21 3,454,162 4,523,795
SHAREHOLDERS' FUNDS 3,454,403 4,524,024

Company's (loss)/profit for the financial
year

(562,600

)

4,601,255

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





M Gietzen - Director


IDENTITY GLOBAL LIMITED (REGISTERED NUMBER: 13277976)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024

Called up Foreign
share Retained Other exchange Total
capital earnings reserves reserves equity
£    £    £    £    £   
Balance at 1 September 2021 229 26,324,069 - - 26,324,298

Changes in equity
Dividends - (77,460 ) - - (77,460 )
Total comprehensive income - (18,153 ) 20,231,344 - 20,213,191
Balance at 31 August 2022 229 26,228,456 20,231,344 - 46,460,029

Changes in equity
Issue of share capital 12 - - - 12
Dividends - (507,033 ) - - (507,033 )
Total comprehensive income - 14,521,820 - 5,762 14,527,582
Balance at 29 February 2024 241 40,243,243 20,231,344 5,762 60,480,590

IDENTITY GLOBAL LIMITED (REGISTERED NUMBER: 13277976)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 September 2021 229 - 229

Changes in equity
Dividends - (77,460 ) (77,460 )
Total comprehensive income - 4,601,255 4,601,255
Balance at 31 August 2022 229 4,523,795 4,524,024

Changes in equity
Issue of share capital 12 - 12
Dividends - (507,033 ) (507,033 )
Total comprehensive loss - (562,600 ) (562,600 )
Balance at 29 February 2024 241 3,454,162 3,454,403

IDENTITY GLOBAL LIMITED (REGISTERED NUMBER: 13277976)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024

Period
1.9.22
to Year Ended
29.2.24 31.8.22
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 2,887,304 24,736,030
Interest paid (184 ) (20,795 )
Interest element of hire purchase or
finance lease rental payments paid

-

(1,252

)
Effects of foreign exchange rate changes 5,762 -
Tax paid 987,364 (8,210,166 )
Net cash from operating activities 3,880,246 16,503,817

Cash flows from investing activities
Purchase of tangible fixed assets (271,450 ) (194,406 )
Sale of tangible fixed assets 34,635 4,494
Sale of fixed asset investments 100 -
Interest received 1,602,695 170,863
Net cash from investing activities 1,365,980 (19,049 )

Cash flows from financing activities
Amount introduced by directors 468,332 -
Amount withdrawn by directors (5,862,237 ) (1,299,610 )
Share issue 12 -
Equity dividends paid (507,033 ) (77,460 )
Net cash from financing activities (5,900,926 ) (1,377,070 )

(Decrease)/increase in cash and cash equivalents (654,700 ) 15,107,698
Cash and cash equivalents at
beginning of period

2

38,944,519

23,836,821

Cash and cash equivalents at end of
period

2

38,289,819

38,944,519

IDENTITY GLOBAL LIMITED (REGISTERED NUMBER: 13277976)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
Period
1.9.22
to Year Ended
29.2.24 31.8.22
£    £   
Profit before taxation 14,727,242 25,126,825
Depreciation charges 413,138 247,457
Loss on disposal of fixed assets 5,545 5,902
Finance costs 184 22,047
Finance income (1,602,695 ) (170,863 )
13,543,414 25,231,368
Decrease/(increase) in stocks 12,290 (104,218 )
(Increase)/decrease in trade and other debtors (29,129,851 ) 17,565,591
Increase/(decrease) in trade and other creditors 18,461,451 (17,956,711 )
Cash generated from operations 2,887,304 24,736,030

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Period ended 29 February 2024
29.2.24 1.9.22
£    £   
Cash and cash equivalents 38,289,819 38,944,519
Year ended 31 August 2022
31.8.22 1.9.21
£    £   
Cash and cash equivalents 38,944,519 23,836,821


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.9.22 Cash flow At 29.2.24
£    £    £   
Net cash
Cash at bank and in hand 38,944,519 (654,700 ) 38,289,819
38,944,519 (654,700 ) 38,289,819
Total 38,944,519 (654,700 ) 38,289,819

IDENTITY GLOBAL LIMITED (REGISTERED NUMBER: 13277976)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Identity Global 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover and revenue recognition
Revenue is recognised by reference to the stage of completion of each project in accordance with FRS
102 section 23.14. An appropriate proportion of total contract value has been included in turnover and the
related costs have been included in cost of sales. The amount by which turnover on these contracts
exceeds amounts invoiced has been included within current assets as amounts recoverable on contracts.
Where the amounts invoiced exceed the revenue recognised, the excess is included in current liabilities
as deferred income.

Goodwill
Goodwill recognised represents the excess of the fair value and directly attributable costs of the purchase
consideration over the fair values of the identifiable net assets, liabilities and contingent liabilities acquired.

Goodwill is amortised through the income statement in equal instalments over its estimated useful life of
10 years. Goodwill is assessed for impairment when there are indicators of impairment and any
impairment is charged to the income statement. Reversals of impairment are recognised when the
reasons for the impairment no longer apply.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

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

IDENTITY GLOBAL LIMITED (REGISTERED NUMBER: 13277976)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of
financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and
other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently,
at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt
instruments are initially measured at present value of the future payments and subsequently at amortised
cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting
period for objective evidence of impairment. If objective evidence of impairment is found, an impairment
loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there
is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis
or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Consolidated 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 period 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.

IDENTITY GLOBAL LIMITED (REGISTERED NUMBER: 13277976)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company's accounting policies, the directors are required to make judgements,
estimates and assumptions about the carrying amounts of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors that are considered to be relevant. Actual results may differ from these
estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.

Critical judgements
There are no significant critical judgements that the Directors have made in applying the Company's
accounting policies that have any significant effect on the amounts recognised in the financial statements.

Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the
carrying amount of assets and liabilities are as follows:

Work in progress
The directors have identified estimation uncertainty of realising profit from events held. Where any such
contracts are subsequently deemed to be unrecoverable then this could have an impact on the financial
statements. Provision is made for any foreseeable losses under the contract.

IDENTITY GLOBAL LIMITED (REGISTERED NUMBER: 13277976)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024

4. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the group.

An analysis of turnover by class of business is given below:

Period
1.9.22
to Year Ended
29.2.24 31.8.22
£    £   
Events 256,500,902 140,932,053
256,500,902 140,932,053

5. EMPLOYEES AND DIRECTORS
Period
1.9.22
to Year Ended
29.2.24 31.8.22
£    £   
Wages and salaries 13,924,825 7,558,692
Social security costs 1,330,844 741,822
Other pension costs 329,708 175,020
15,585,377 8,475,534

The average number of employees during the period was as follows:
Period
1.9.22
to Year Ended
29.2.24 31.8.22

Admin (including directors) 31 44
Direct 104 103
135 147

The average number of employees by undertakings that were proportionately consolidated during the period was NIL (2022 - NIL).

Period
1.9.22
to Year Ended
29.2.24 31.8.22
£    £   
Directors' remuneration 252,358 86,086

Information regarding the highest paid director for the period ended 29 February 2024 is as follows:
Period
1.9.22
to
29.2.24
£   
Emoluments etc 139,858

IDENTITY GLOBAL LIMITED (REGISTERED NUMBER: 13277976)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024

6. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

Period
1.9.22
to Year Ended
29.2.24 31.8.22
£    £   
Hire of plant and machinery 16,963 11,516
Depreciation - owned assets 195,444 102,145
Depreciation - assets on hire purchase contracts or finance leases 794 705
Loss on disposal of fixed assets 5,545 6,002
Goodwill amortisation 216,900 144,606
Auditors' remuneration 85,000 57,250
Foreign exchange differences (37,549 ) 23,136

7. AMOUNTS WRITTEN OFF INVESTMENTS
Period
1.9.22
to Year Ended
29.2.24 31.8.22
£    £   
Amounts w/o invs 100 -

8. INTEREST PAYABLE AND SIMILAR EXPENSES
Period
1.9.22
to Year Ended
29.2.24 31.8.22
£    £   
Bank loan interest 184 20,795
Hire purchase - 1,252
184 22,047

9. TAXATION

Analysis of the tax charge
The tax charge on the profit for the period was as follows:
Period
1.9.22
to Year Ended
29.2.24 31.8.22
£    £   
Current tax:
UK corporation tax 202,174 4,894,064

Deferred tax 3,248 19,570
Tax on profit 205,422 4,913,634

IDENTITY GLOBAL LIMITED (REGISTERED NUMBER: 13277976)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024

9. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the period is higher than the standard rate of corporation tax in the UK. The difference is explained below:

Period
1.9.22
to Year Ended
29.2.24 31.8.22
£    £   
Profit before tax 14,727,242 25,126,825
Profit multiplied by the standard rate of corporation tax in the UK of
1.268 % (2022 - 19 %)

186,741

4,774,097

Effects of:
Expenses not deductible for tax purposes 12,579 110,761
Income not taxable for tax purposes - 14,717
Depreciation in excess of capital allowances 2,831 984
Adjustments to tax charge in respect of previous periods - (7,635 )
Profit/loss on disposal 23 1,140
Deferred Tax 3,248 19,570
Total tax charge 205,422 4,913,634

Tax effects relating to effects of other comprehensive income

1.9.22 to 29.2.24
Gross Tax Net
£    £    £   
Exchange movement on consolidation 5,762 - 5,762

10. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Statement of Comprehensive Income of the parent company is not presented as part of these financial statements.


11. DIVIDENDS

Period
1.9.22


to

Year
Ended
29.2.24 31.8.22
£ £

Interim dividends 507,032 77,460

IDENTITY GLOBAL LIMITED (REGISTERED NUMBER: 13277976)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024

12. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1 September 2022
and 29 February 2024 1,446,053
AMORTISATION
At 1 September 2022 180,757
Amortisation for period 216,900
At 29 February 2024 397,657
NET BOOK VALUE
At 29 February 2024 1,048,396
At 31 August 2022 1,265,296

13. TANGIBLE FIXED ASSETS

Group
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2022 - 9,840 68,179
Additions 102,221 - 4,070
Disposals - - (65,536 )
At 29 February 2024 102,221 9,840 6,713
DEPRECIATION
At 1 September 2022 - 9,839 12,664
Charge for period 13,504 - 13,114
Eliminated on disposal - - (56,315 )
At 29 February 2024 13,504 9,839 (30,537 )
NET BOOK VALUE
At 29 February 2024 88,717 1 37,250
At 31 August 2022 - 1 55,515

IDENTITY GLOBAL LIMITED (REGISTERED NUMBER: 13277976)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024

13. TANGIBLE FIXED ASSETS - continued

Group

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2022 55,606 266,224 399,849
Additions - 165,159 271,450
Disposals (11,895 ) (29,635 ) (107,066 )
At 29 February 2024 43,711 401,748 564,233
DEPRECIATION
At 1 September 2022 1,609 91,596 115,708
Charge for period 20,249 149,371 196,238
Eliminated on disposal (10,571 ) - (66,886 )
At 29 February 2024 11,287 240,967 245,060
NET BOOK VALUE
At 29 February 2024 32,424 160,781 319,173
At 31 August 2022 53,997 174,628 284,141

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 September 2022 (9,739 )
Disposals (11,895 )
At 29 February 2024 (21,634 )
DEPRECIATION
At 1 September 2022 (11,857 )
Charge for period 794
Eliminated on disposal (10,571 )
At 29 February 2024 (21,634 )
NET BOOK VALUE
At 29 February 2024 -
At 31 August 2022 2,118

IDENTITY GLOBAL LIMITED (REGISTERED NUMBER: 13277976)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024

14. FIXED ASSET INVESTMENTS

Group
Shares in
group
undertakings
£   
COST
At 1 September 2022 100
Disposals (100 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 -
At 31 August 2022 100
Company
Shares in
group
undertakings
£   
COST
At 1 September 2022 1,446,382
Additions 32,258
Disposals (100 )
At 29 February 2024 1,478,540
NET BOOK VALUE
At 29 February 2024 1,478,540
At 31 August 2022 1,446,382

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Identity Events Management Limited
Registered office: United Kingdom
Nature of business: Conferences & Events planning
%
Class of shares: holding
Ordinary 100.00
2024 2022
£    £   
Aggregate capital and reserves 42,410,398 42,116,992
Profit for the period/year 293,406 20,328,103

IDENTITY GLOBAL LIMITED (REGISTERED NUMBER: 13277976)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024

14. FIXED ASSET INVESTMENTS - continued

Identity Events Management L.L.C
Registered office: Abu Dhabi
Nature of business: Conferences & Events planning
%
Class of shares: holding
Ordinary 100.00
2024
£   
Aggregate capital and reserves 15,007,915
Profit for the period 15,040,173


15. STOCKS

Group
2024 2022
£    £   
Stocks 94,994 107,284

16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2022 2024 2022
£    £    £    £   
Trade debtors 4,822,229 2,028,067 - -
Amounts recoverable on contract 23,390,532 906,001 - -
Other debtors 5,516,506 3,123,279 2,241,788 864,099
Directors' current accounts 8,012,163 2,618,258 8,012,163 2,618,258
VAT 1,060,324 668,312 139,362 -
Prepayments 1,452,723 386,804 86,121 -
44,254,477 9,730,721 10,479,434 3,482,357

17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2022 2024 2022
£    £    £    £   
Trade creditors 14,451,248 1,136,749 29,122 -
Amounts owed to group undertakings - - 7,093,428 -
Tax 1,504,010 314,472 1,374,859 442,504
Social security and other taxes 220,928 202,871 - -
VAT 510,125 - - -
Other creditors 51,353 6,692 - -
Accruals and deferred income 6,715,130 2,141,021 6,162 3,000
23,452,794 3,801,805 8,503,571 445,504

18. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

IDENTITY GLOBAL LIMITED (REGISTERED NUMBER: 13277976)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024

Group
Non-cancellable operating leases
2024 2022
£    £   
Within one year - 413,348
Between one and five years - 550,720
In more than five years - 195,900
- 1,159,968

19. PROVISIONS FOR LIABILITIES

Group
2024 2022
£    £   
Deferred tax 73,475 70,227

Group
Deferred
tax
£   
Balance at 1 September 2022 70,227
Charge to Income Statement during period 3,248
Balance at 29 February 2024 73,475

20. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number of shares Class: Nominal value (£) 2024 2022
583 Ordinary A 0.25 146 146
212 Ordinary B 0.25 53 53
118 Ordinary C 0.25 30 30
49 Ordinary D 0.25 12 -
241 229

21. RESERVES

Group
Foreign
Retained Other exchange
earnings reserves reserves Totals
£    £    £    £   

At 1 September 2022 26,228,456 20,231,344 - 46,459,800
Profit for the period 14,521,820 14,521,820
Dividends (507,033 ) (507,033 )
Exchange reserve movement - - 5,762 5,762
At 29 February 2024 40,243,243 20,231,344 5,762 60,480,349

IDENTITY GLOBAL LIMITED (REGISTERED NUMBER: 13277976)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024

21. RESERVES - continued

Company
Retained
earnings
£   

At 1 September 2022 4,523,795
Deficit for the period (562,600 )
Dividends (507,033 )
At 29 February 2024 3,454,162

"Other reserves" comprise pre-acquisition reserves.

22. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 29 February 2024 and the year ended 31 August 2022:

2024 2022
£    £   
M Gietzen
Balance outstanding at start of period 1,451,120 303,352
Amounts advanced 2,244,959 1,189,038
Amounts repaid (337,968 ) (41,270 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 3,358,111 1,451,120

Ms J Dodd
Balance outstanding at start of period 538,953 477,067
Amounts advanced 152,545 100,115
Amounts repaid (22,600 ) (38,229 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 668,898 538,953

P K Fitzpatrick
Balance outstanding at start of period 628,185 538,230
Amounts advanced 3,020,652 136,470
Amounts repaid (98,380 ) (46,515 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 3,550,457 628,185

S M Dunnell
Balance outstanding at start of period - -
Amounts advanced 444,080 -
Amounts repaid (9,385 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 434,695 -

Interest on directors' loans has been charged at the HMRC approved rate.