ID24 INTERNATIONAL LTD

Company Registration Number:
12844216 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

ID24 INTERNATIONAL LTD

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Notes

ID24 INTERNATIONAL LTD

Balance sheet

As at 31 August 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 560,560 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 560,560 0
Current assets
Stocks: 124,775 11,551
Debtors: 4 38,299 2,997
Cash at bank and in hand: 0 149
Investments:   0 0
Total current assets: 163,074 14,697
Creditors: amounts falling due within one year: 5 (131,527) (14,009)
Net current assets (liabilities): 31,547 688
Total assets less current liabilities: 592,107 688
Creditors: amounts falling due after more than one year: 6 (4,342) 0
Provision for liabilities: 0 0
Total net assets (liabilities): 587,765 688
Capital and reserves
Called up share capital: 6,770 1,000
Share premium account: 123,750 0
Revaluation reserve:7453,5200
Other reserves: 0 0
Profit and loss account: 3,725 (312)
Shareholders funds: 587,765 688

The notes form part of these financial statements

ID24 INTERNATIONAL LTD

Balance sheet statements

For the year ending 31 August 2024 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 October 2024
and signed on behalf of the board by:

Name: R S Dhelens
Status: Director

The notes form part of these financial statements

ID24 INTERNATIONAL LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises invoiced sales excluding VAT.

Intangible fixed assets and amortisation policy

Intangible assets comprise the directors' valuation of the brand licences held. The valuation with be reviewed annually and amortised over 5 years commencing in the year ended 31 August 2025

Other accounting policies

Stock is valued at the lower of cost and net realisable value..

ID24 INTERNATIONAL LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

ID24 INTERNATIONAL LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Intangible Assets

Total
Cost £
At 01 September 2023 0
Additions 0
Disposals 0
Revaluations 560,560
Transfers 0
At 31 August 2024 560,560
Amortisation
At 01 September 2023 0
Charge for year 0
On disposals 0
Other adjustments 0
At 31 August 2024 0
Net book value
At 31 August 2024 560,560
At 31 August 2023 0

ID24 INTERNATIONAL LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

ID24 INTERNATIONAL LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Creditors: amounts falling due within one year note

Trade Finance facilities £21,276 (2023 - £0) Trade Creditors £84,006 (2023 - £0) Taxation £22,788 (2023 - £0) Bank loan & overdraft £3,457 (2023 - 0) Other creditors £0 (2023 - £14,009)

ID24 INTERNATIONAL LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

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

Bank loan £4,342 (2023 - £0)

ID24 INTERNATIONAL LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

7. Revaluation reserve

2024
£
Balance at 01 September 2023 0
Surplus or deficit after revaluation 453,520
Balance at 31 August 2024 453,520

ID24 INTERNATIONAL LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

8. Related party transactions

Name of the related party: Colbico Limited
Relationship:
Associated company
Description of the Transaction: There are trading transactions between the Company and the Related Party. All trading takes place at open market values.
£
Balance at 01 September 2023 2,997
Balance at 31 August 2024 8,824