IRIS Accounts Production v25.1.3.33 08268927 Board of Directors Board of Directors 1.9.23 31.8.24 31.8.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh082689272023-08-31082689272024-08-31082689272023-09-012024-08-31082689272022-08-31082689272022-09-012023-08-31082689272023-08-3108268927ns15:EnglandWales2023-09-012024-08-3108268927ns14:PoundSterling2023-09-012024-08-3108268927ns10:Director12023-09-012024-08-3108268927ns10:Director22023-09-012024-08-3108268927ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3108268927ns10:SmallEntities2023-09-012024-08-3108268927ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3108268927ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3108268927ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3108268927ns10:FullAccounts2023-09-012024-08-310826892712023-09-012024-08-3108268927ns5:CurrentFinancialInstruments2024-08-3108268927ns5:CurrentFinancialInstruments2023-08-3108268927ns5:Non-currentFinancialInstruments2024-08-3108268927ns5:Non-currentFinancialInstruments2023-08-3108268927ns5:ShareCapital2024-08-3108268927ns5:ShareCapital2023-08-3108268927ns5:RetainedEarningsAccumulatedLosses2024-08-3108268927ns5:RetainedEarningsAccumulatedLosses2023-08-3108268927ns10:RegisteredOffice2023-09-012024-08-3108268927ns5:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3108268927ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-09-012024-08-3108268927ns5:FurnitureFittings2023-09-012024-08-3108268927ns5:ComputerEquipment2023-09-012024-08-3108268927ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-08-3108268927ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-08-3108268927ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-08-3108268927ns5:LeaseholdImprovements2023-08-3108268927ns5:FurnitureFittings2023-08-3108268927ns5:ComputerEquipment2023-08-3108268927ns5:LeaseholdImprovements2023-09-012024-08-3108268927ns5:LeaseholdImprovements2024-08-3108268927ns5:FurnitureFittings2024-08-3108268927ns5:ComputerEquipment2024-08-3108268927ns5:LeaseholdImprovements2023-08-3108268927ns5:FurnitureFittings2023-08-3108268927ns5:ComputerEquipment2023-08-3108268927ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3108268927ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31
REGISTERED NUMBER: 08268927 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

IDENTITY DESIGN & CREATIVE LIMITED

IDENTITY DESIGN & CREATIVE LIMITED (REGISTERED NUMBER: 08268927)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


IDENTITY DESIGN & CREATIVE LIMITED (REGISTERED NUMBER: 08268927)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 4,706 4,706
Tangible assets 5 1,455 2,205
6,161 6,911

CURRENT ASSETS
Debtors 6 121,135 160,859
Cash at bank and in hand 3,160 22,739
124,295 183,598
CREDITORS
Amounts falling due within one year 7 118,141 153,421
NET CURRENT ASSETS 6,154 30,177
TOTAL ASSETS LESS CURRENT LIABILITIES 12,315 37,088

CREDITORS
Amounts falling due after more than one year 8 (13,334 ) (23,333 )

PROVISIONS FOR LIABILITIES (364 ) (18 )
NET (LIABILITIES)/ASSETS (1,383 ) 13,737

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (1,393 ) 13,727
SHAREHOLDERS' FUNDS (1,383 ) 13,737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:




M Dennington - Director



J Martin - Director


IDENTITY DESIGN & CREATIVE LIMITED (REGISTERED NUMBER: 08268927)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Identity Design & Creative Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08268927

Registered office: 3rd Floor
21 Perrymount Road
Haywards Heath
RH16 3TP

The presentation currency of the financial statements is the Pound Sterling (£).


Each unit has been rounded to the nearest whole pound.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

IDENTITY DESIGN & CREATIVE LIMITED (REGISTERED NUMBER: 08268927)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 September 2023
and 31 August 2024 4,706
NET BOOK VALUE
At 31 August 2024 4,706
At 31 August 2023 4,706

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
Leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023
and 31 August 2024 3,520 1,134 19,634 24,288
DEPRECIATION
At 1 September 2023 1,408 1,134 19,541 22,083
Charge for year 704 - 46 750
At 31 August 2024 2,112 1,134 19,587 22,833
NET BOOK VALUE
At 31 August 2024 1,408 - 47 1,455
At 31 August 2023 2,112 - 93 2,205

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,935 52,596
Other debtors 109,200 108,263
121,135 160,859

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,665 34,609
Trade creditors 19,189 10,131
Taxation and social security 51,231 55,709
Other creditors 27,056 52,972
118,141 153,421

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 13,334 23,333

9. RELATED PARTY DISCLOSURES

Identity Property Investment Limited

As at 31 August 2024 the company was owed £100,535 (2023: £108,160) from Identity Property Investment Limited, a company under the control of the shareholders of the parent company of Identity Property Investment Limited. Under the terms of the loan agreement the loan is repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Identity Incorporated Group Ltd, a company registered in England & Wales. The ultimate controlling parties are John Martin and Michael Dennington, directors of Identity Incorporated Group Ltd by virtue of their ownership of 90% of the share capital.