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Company Registration No. 14175724 (England and Wales)
UNIVERSAL IDENTITY LTD Unaudited accounts for the year ended 31 December 2023
UNIVERSAL IDENTITY LTD Unaudited accounts Contents
Page
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UNIVERSAL IDENTITY LTD Company Information for the year ended 31 December 2023
Directors
Christian Smith Christopher Hurley Christopher Boakes Thomas Baker
Company Number
14175724 (England and Wales)
Registered Office
87 CHURCH ROAD HOVE BN3 2BB ENGLAND
Accountants
Secandi Associates Ltd 34 Duke Street Brighton BN1 1 AG
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UNIVERSAL IDENTITY LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
610 
915 
Current assets
Debtors
5,105 
29,937 
Cash at bank and in hand
8,226 
45,727 
13,331 
75,664 
Creditors: amounts falling due within one year
(39,173)
(85,744)
Net current liabilities
(25,842)
(10,080)
Total assets less current liabilities
(25,232)
(9,165)
Creditors: amounts falling due after more than one year
(755,000)
(219,910)
Net liabilities
(780,232)
(229,075)
Capital and reserves
Called up share capital
90 
90 
Profit and loss account
(780,322)
(229,165)
Shareholders' funds
(780,232)
(229,075)
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 January 2024 and were signed on its behalf by
Thomas Baker Director Company Registration No. 14175724
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UNIVERSAL IDENTITY LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
UNIVERSAL IDENTITY LTD is a private company, limited by shares, registered in England and Wales, registration number 14175724. The registered office is 87 CHURCH ROAD, HOVE, BN3 2BB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Straight-Line
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the shareholders will continue to financially support the company during this uncertain period.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
1,220 
At 31 December 2023
1,220 
Depreciation
At 1 January 2023
305 
Charge for the year
305 
At 31 December 2023
610 
Net book value
At 31 December 2023
610 
At 31 December 2022
915 
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UNIVERSAL IDENTITY LTD Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
5,021 
- 
Other debtors
84 
29,937 
5,105 
29,937 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
29,419 
17,840 
Taxes and social security
9,754 
5,736 
Other creditors
- 
62,168 
39,173 
85,744 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
755,000 
219,910 
Unsecured Loan from Scrilla Limited £505,000.00 Unsecured Loan from Willmott Dixon £250,000.00
8
Average number of employees
During the year the average number of employees was 7 (2022: 7).
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