ID MAPPS LTD

Company Registration Number:
SC612254 (Scotland)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

ID MAPPS LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

ID MAPPS LTD

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 0 83,023
Total fixed assets: 0 83,023
Current assets
Debtors: 4 68,102 13
Cash at bank and in hand: 5,007 13,157
Total current assets: 73,109 13,170
Creditors: amounts falling due within one year: 5 (156,971) (167,719)
Net current assets (liabilities): (83,862) (154,549)
Total assets less current liabilities: (83,862) (71,526)
Total net assets (liabilities): (83,862) (71,526)
Capital and reserves
Called up share capital: 100 100
Share premium account: 30,848 30,848
Profit and loss account: (114,810) (102,474)
Shareholders funds: (83,862) (71,526)

The notes form part of these financial statements

ID MAPPS LTD

Balance sheet statements

For the year ending 31 October 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.

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 30 September 2024
and signed on behalf of the board by:

Name: George Gunn
Status: Director

The notes form part of these financial statements

ID MAPPS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

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 for services is recognised when services have been provided and a point as been reached within the contract where a right to consideration has been earned.

Intangible fixed assets and amortisation policy

Intangible fixed assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognised so as to write off the cost of valuation of assets less their residual values over their useful lives on the following bases: Software 7 years

Other accounting policies

Going concern. The financial statements have not been prepared on a going concern basis, but on a break-up basis. Adjustments have been made to the assets and liabilities to align the carrying values with their estimated realisable amount and all balance sheet assets and liabilities have been reclassified as current. Cash at bank and in hand. Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less. Financial Instruments. The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Basic financial assets. Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Classification of financial liabilities. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities. Basic financial liabilities, including creditors and loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities is payment is due within one year or less. Equity Instruments. Equity instruments issued by the company are recorded as the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company. Taxation. The tax expense represents the sum of tax currently payable and deferred tax. Current Tax. The tax payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items or income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date. Deferred Tax. Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither then tax profit nor the accounting profit. Government Grants. Government grants are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred, it is recognised as deferred income rather than being deducted from the asset's carrying amount. Foreign Exchange. Transactions in currencies other than in pounds sterling are recorded at the rates of exchange prevailing at the date of the transactions. At each reporting date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period. 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 amount 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 revision or future periods where the revision affects both current and future periods.

ID MAPPS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

ID MAPPS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Intangible Assets

Total
Cost £
At 01 November 2022 104,445
Transfers (104,445)
At 31 October 2023 0
Amortisation
At 01 November 2022 21,422
Charge for year 14,921
Other adjustments (36,343)
At 31 October 2023 0
Net book value
At 31 October 2023 0
At 31 October 2022 83,023

ID MAPPS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 0 13

ID MAPPS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

Creditors due within one year - Trade Creditors £nil, 2022: £nil. Deferred Grants £43,571, 2022: £48,869. Loans £27,243, 2022: £32,083. Amounts owed to related parties £85,961, 2022: £86,572. Accruals and deferred income £195, 2022: £195. A loan for £35,000 at an interest rate of 2.5% was undertaken in February 2021. No payments of capital or interest were due within the first 12 months of the loan. The loan is repayable in monthly intervals from March 2022, with the final payment due in February 2027. Amounts owed to related parties are unsecured, interest free and repayable on demand.

ID MAPPS LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Related party transactions

Name of the related party: SAC Commercial Limited
Relationship:
Shareholder
Description of the Transaction: Services for work towards grant milestones. The services were received under a subscontract agreement with SRUC, the SAC Commercial ultimate controlling party.
£
Balance at 01 November 2022 69,832
Balance at 31 October 2023 70,940
Name of the related party: Environmental Research Group Oxford Limited
Relationship:
Shareholder
Description of the Transaction: Services for work towards grant milestones
£
Balance at 01 November 2022 10,192
Balance at 31 October 2023 8,366
Name of the related party: AVIA-GIS
Relationship:
Shareholder
Description of the Transaction: Services for work towards grant milestones
£
Balance at 01 November 2022 6,548
Balance at 31 October 2023 6,655