IDENTICARE LIMITED

Company Registration Number:
12960490 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

IDENTICARE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

IDENTICARE LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The principal activity of the Company during the period was the sale and distribution of animal identification services throughout the UK.



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

R H Diamond
C J Brewster
J A J Winter


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
23 September 2024

And signed on behalf of the board by:
Name: R H Diamond
Status: Director

IDENTICARE LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 3,617,000 2,704,000
Cost of sales: ( 413,000 ) ( 504,000 )
Gross profit(or loss): 3,204,000 2,200,000
Distribution costs: ( 38,000 ) ( 48,000 )
Administrative expenses: ( 2,932,000 ) ( 1,696,000 )
Operating profit(or loss): 234,000 456,000
Interest receivable and similar income: 142,000 23,000
Interest payable and similar charges: ( 615,000 ) ( 242,000 )
Profit(or loss) before tax: (239,000) 237,000
Tax: ( 110,000 ) ( 55,000 )
Profit(or loss) for the financial year: (349,000) 182,000

IDENTICARE LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets: 3 509,000 687,000
Tangible assets: 4 442,000 559,000
Total fixed assets: 951,000 1,246,000
Current assets
Stocks: 5 74,000 188,000
Debtors: 6 4,497,000 1,857,000
Total current assets: 4,571,000 2,045,000
Creditors: amounts falling due within one year: 7 ( 1,388,000 ) ( 598,000 )
Net current assets (liabilities): 3,183,000 1,447,000
Total assets less current liabilities: 4,134,000 2,693,000
Creditors: amounts falling due after more than one year: 8 ( 11,386,000 ) ( 9,567,000 )
Provision for liabilities: ( 88,000 ) ( 117,000 )
Total net assets (liabilities): (7,340,000) (6,991,000)
Capital and reserves
Called up share capital: 125 125
Share premium account: 33,975 33,975
Other reserves: (7,287,100) (7,287,100 )
Profit and loss account: (87,000 ) 262,000
Total Shareholders' funds: ( 7,340,000 ) (6,991,000)

The notes form part of these financial statements

IDENTICARE LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

This report was approved by the board of directors on 23 September 2024
and signed on behalf of the board by:

Name: R H Diamond
Status: Director

The notes form part of these financial statements

IDENTICARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    Turnover is recognised in a manner that depicts the pattern of transfer of goods and services to our customers. The amount recognised reflects the amount to which the Company expects to be entitled to in exchange for those goods and services. The Company applies the five-step model to account for turnover arising from contracts with customers. Turnover from the sale of products is recognised when the performance obligation (the promise to transfer the good or service to a customer) is satisfied at a point in time. This is when the control of these goods or services is transferred to the customer, generally on delivery of goods. The Company recognises service turnover by reference to the stage of completion. Up-front income received in relation to long term service contracts is deferred and subsequently recognised over the life of the relevant contracts.

    Tangible fixed assets depreciation policy

    Depreciation is charged to the profit and loss account and provided on all tangible assets at rates calculated to write off the cost less estimated residual value based on prices prevailing at the date of acquisition of each asset evenly over its expected useful life, as follows: plant and equipment 3 to 10 years Depreciation methods, useful lives and residual values are reviewed at each balance sheet date.

    Intangible fixed assets amortisation policy

    Amortisation is charged to the profit and loss account on a straight-line basis over the estimated useful lives of intangible assets unless such lives are indefinite. Intangible assets with an indefinite useful life and goodwill are systematically tested for impairment at each balance sheet date. Other intangible assets are amortised from the date they are available for use. The estimated useful lives are as follows: Capitalised software 10 years.

    Other accounting policies

    Financial Instruments Stocks Impairment of non financial assets excluding stocks Employee Benefits Expenses Exceptional Items Taxation Leases

IDENTICARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 32 23

IDENTICARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2023 1,262,000 1,262,000
Additions 456,000 456,000
Disposals
Revaluations
Transfers
At 31 December 2023 1,718,000 1,718,000
Amortisation
At 1 January 2023 575,000 575,000
Charge for year 634,000 634,000
On disposals
Other adjustments
At 31 December 2023 1,209,000 1,209,000
Net book value
At 31 December 2023 509,000 509,000
At 31 December 2022 687,000 687,000

IDENTICARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 515,000 73,000 588,000
Additions 17,000 17,000
Disposals
Revaluations 60,000 60,000
Transfers
At 31 December 2023 455,000 90,000 545,000
Depreciation
At 1 January 2023 21,000 8,000 29,000
Charge for year 64,000 10,000 74,000
On disposals
Other adjustments
At 31 December 2023 85,000 18,000 103,000
Net book value
At 31 December 2023 370,000 72,000 442,000
At 31 December 2022 494,000 65,000 559,000

IDENTICARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Stocks

2023 2022
£ £
Stocks 74,000 188,000
Total 74,000 188,000

IDENTICARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Debtors

2023 2022
£ £
Trade debtors 283,000 223,000
Prepayments and accrued income 89,000 27,000
Other debtors 4,125,000 1,607,000
Total 4,497,000 1,857,000

IDENTICARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due within one year note

2023 2022
£ £
Amounts due under finance leases and hire purchase contracts 38,000 41,000
Trade creditors 103,000 321,000
Taxation and social security 313,000 79,000
Accruals and deferred income 901,000 109,000
Other creditors 33,000 48,000
Total 1,388,000 598,000

IDENTICARE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Amounts due under finance leases and hire purchase contracts 256,000 321,000
Other creditors 11,130,000 9,246,000
Total 11,386,000 9,567,000