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REGISTERED NUMBER: 14667856 (England and Wales)















AUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 16 FEBRUARY 2023 TO 30 JUNE 2024

FOR

SELECT ID LTD.

SELECT ID LTD. (REGISTERED NUMBER: 14667856)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 16 FEBRUARY 2023 TO 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SELECT ID LTD.

COMPANY INFORMATION
FOR THE PERIOD 16 FEBRUARY 2023 TO 30 JUNE 2024







DIRECTORS: Mrs. C. L. Knight
Mr. L. Banda
Mr. N. C. Mothershaw



REGISTERED OFFICE: Dakota House
25 Falcon Court
Preston Farm Business Park
Stockton on Tees
TS18 3TX



REGISTERED NUMBER: 14667856 (England and Wales)



SENIOR STATUTORY AUDITOR: Anne Cowley BA FCA



AUDITORS: Baines Jewitt Limited
Statutory Auditors
Spitfire House
19 Falcon Court
Preston Farm Industrial Estate
Stockton-on-Tees
TS18 3TU

SELECT ID LTD. (REGISTERED NUMBER: 14667856)

BALANCE SHEET
30 JUNE 2024

Notes £ £
FIXED ASSETS
Intangible assets 4 610

CURRENT ASSETS
Debtors 5 276,000
Cash at bank 476,426
752,426
CREDITORS
Amounts falling due within one year 6 805,490
NET CURRENT LIABILITIES (53,064 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(52,454

)

CREDITORS
Amounts falling due after more than one
year

7

62,604
NET LIABILITIES (115,058 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (115,158 )
(115,058 )

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 February 2025 and were signed on its behalf by:





Mr. N. C. Mothershaw - Director


SELECT ID LTD. (REGISTERED NUMBER: 14667856)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 16 FEBRUARY 2023 TO 30 JUNE 2024


1. STATUTORY INFORMATION

Select ID Ltd. 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.

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.

The financial period end was extended from 28 February 2024 to 30 June 2024 to align with the group.

Going concern
In order to prepare the financial statements on the going concern basis, the Directors need to assess the financial stability of the company and its ability to meet its obligations and continue in business for the foreseeable future.

The Directors have prepared budgets and forecasts which consider expected future cash flows for the Company. The forecasts are based on a number of key assumptions, including those relating to the availability of finance to fund the operations of the Company. Those forecasts indicate that further fundraising will need to be completed within the next twelve months in order to enable the Company to meet its liabilities as they fall due.

The Directors of the Company remain confident that the Company will be able to secure the required funding through equity fundraise or other sources. However, the timing and availability of funding is not confirmed. The assumption that the Company will successfully complete further fundraising therefore represents a material uncertainty which casts significant doubt over the company's ability to continue as a going concern.

Whilst noting the material uncertainty above, the Directors of the Company continue to adopt the going concern basis in preparing the financial statements. The financial statements do not include any adjustments that would result from the going concern basis of preparation being inappropriate.

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.

Trademarks are being amortised evenly over their estimated useful life of five years.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


SELECT ID LTD. (REGISTERED NUMBER: 14667856)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 16 FEBRUARY 2023 TO 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
Additions 740
At 30 June 2024 740
AMORTISATION
Charge for period 130
At 30 June 2024 130
NET BOOK VALUE
At 30 June 2024 610

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Trade debtors 276,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Social security and other taxes 3,620
VAT 117,005
Deferred income 665,000
Accrued expenses 19,865
805,490

SELECT ID LTD. (REGISTERED NUMBER: 14667856)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 16 FEBRUARY 2023 TO 30 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£
Amounts owed to group undertakings 62,604

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Anne Cowley BA FCA (Senior Statutory Auditor)
for and on behalf of Baines Jewitt Limited

9. ULTIMATE CONTROLLING PARTY

The immediate parent company is TISA Commercial Enterprises Limited, a company incorporated in England and Wales.

The Ultimate Parent company is The Investing and Saving Alliance ('TISA'), a company incorporated in England and Wales. The parent is a not for profit membership organisation, limited by guarantee and under the control of the board of Director's who represent the members.The financial statements of The Investing and Saving Alliance are available from Companies House, Crown Way, Cardiff, CF14 3UZ .