Company Registration No. 03816360 (England and Wales)
ID TechEx Limited
Unaudited financial statements
for the year ended 31 December 2024
Pages for filing with the registrar
ID TechEx Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 10
ID TechEx Limited
Statement of financial position
As at 31 December 2024
1
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
46,798
52,288
Tangible assets
4
43,376
69,013
Investments
5
28,400
28,400
118,574
149,701
Current assets
Debtors
6
1,801,701
2,325,762
Cash at bank and in hand
1,994,326
1,945,161
3,796,027
4,270,923
Creditors: amounts falling due within one year
7
(3,067,549)
(2,708,993)
Net current assets
728,478
1,561,930
Total assets less current liabilities
847,052
1,711,631
Provisions for liabilities
9
-
0
(3,746)
Net assets
847,052
1,707,885
Capital and reserves
Called up share capital
11
1,024
1,024
Capital redemption reserve
248
248
Profit and loss reserves
845,780
1,706,613
Total equity
847,052
1,707,885

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

ID TechEx Limited
Statement of financial position (continued)
As at 31 December 2024
2
The financial statements were approved by the board of directors and authorised for issue on 4 September 2025 and are signed on its behalf by:
Raghunath Das
Director
Company Registration No. 03816360
ID TechEx Limited
Notes to the financial statements
For the year ended 31 December 2024
3
1
Accounting policies
Company information

ID TechEx Limited is a private company limited by shares incorporated in England and Wales. The registered office is Nine Hills Road, Cambridge, CB2 1GE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention,. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criterial must also be met before revenue is recognised:

- Conference income is recognised at the time of the conference.

- Consultancy income is recognised as the contract is delivered and entitlement to consideration arises under the terms of the contract.

- Reports income is recognised when the item is invoiced.

- Advertising income is recognised over the period of the advert.

- Subscriptions income is recognised evenly over the period of the subscription.

The company has engaged customers in subscription contracts that include multiple obligations that are "bundled" within an agreed fee rate. These contract obligations are varied on a customer-by-customer basis and the directors have determined that they cannot accurately and reliably determine a fair value for the additional components separately from the subscription contract. Therefore the directors consider the most reliable presentation of the revenue transactions is to remain bundled and revenue recognised within the subscription period.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

ID TechEx Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
1
Accounting policies (continued)
4

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
10 Year Straight Line
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Short term leasehold property
33% straight line
Office equipment
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
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 statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

ID TechEx Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
1
Accounting policies (continued)
5
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, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts 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. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at 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.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of 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 the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Where items recognised in other comprehensive income or equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

ID TechEx Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
1
Accounting policies (continued)
6
1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
49
43
3
Intangible fixed assets
Other
£
Cost
At 1 January 2024 and 31 December 2024
54,901
Amortisation and impairment
At 1 January 2024
2,613
Amortisation charged for the year
5,490
At 31 December 2024
8,103
Carrying amount
At 31 December 2024
46,798
At 31 December 2023
52,288
ID TechEx Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
7
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2024
5,356
324,141
329,497
Additions
-
0
16,642
16,642
Disposals
(5,356)
(190,222)
(195,578)
At 31 December 2024
-
0
150,561
150,561
Depreciation and impairment
At 1 January 2024
5,356
255,128
260,484
Depreciation charged in the year
-
0
41,545
41,545
Eliminated in respect of disposals
(5,356)
(189,488)
(194,844)
At 31 December 2024
-
0
107,185
107,185
Carrying amount
At 31 December 2024
-
0
43,376
43,376
At 31 December 2023
-
0
69,013
69,013
5
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
28,400
28,400
ID TechEx Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
8
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
314,468
291,348
Amounts owed by group undertakings
1,427,804
1,887,241
Other debtors
718
15,461
Prepayments and accrued income
48,262
131,712
1,791,252
2,325,762
2024
2023
Amounts falling due after more than one year:
£
£
Deferred tax asset (note 8)
10,449
-
0
Total debtors
1,801,701
2,325,762

Amounts due from group entities are unsecured, interest free and repayable on demand.

7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
84,592
111,234
Amounts owed to group undertakings
241,585
443,870
Corporation tax
(83,274)
36,517
Other taxation and social security
284,918
283,525
Other creditors
2,539,728
1,833,847
3,067,549
2,708,993

Amounts due to group entities are unsecured, interest free and repayable on demand.

ID TechEx Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
9
8
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
Assets
Assets
2024
2023
2024
2023
Balances:
£
£
£
£
Accelerated capital allowances
-
3,746
10,449
-
2024
Movements in the year:
£
Liability at 1 January 2024
3,746
Credit to profit or loss
(14,195)
Asset at 31 December 2024
(10,449)
9
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
8
-
0
3,746
10
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
72,443
62,678

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

11
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,024
1,024
1,024
1,024

ID TechEx Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
10
12
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
-
0
586
2024-12-31 2024-01-01 false false false 04 September 2025 CCH Software CCH Accounts Production 2024.301 No description of principal activity Raghunath Das Dr Jonathan Harrop Yamamoto Yasuo 03816360 2024-01-01 2024-12-31 03816360 2024-12-31 03816360 2023-12-31 03816360 core:IntangibleAssetsOtherThanGoodwill 2024-12-31 03816360 core:IntangibleAssetsOtherThanGoodwill 2023-12-31 03816360 core:LandBuildings 2024-12-31 03816360 core:OtherPropertyPlantEquipment 2024-12-31 03816360 core:LandBuildings 2023-12-31 03816360 core:OtherPropertyPlantEquipment 2023-12-31 03816360 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 03816360 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03816360 core:CurrentFinancialInstruments 2024-12-31 03816360 core:CurrentFinancialInstruments 2023-12-31 03816360 core:ShareCapital 2024-12-31 03816360 core:ShareCapital 2023-12-31 03816360 core:CapitalRedemptionReserve 2024-12-31 03816360 core:CapitalRedemptionReserve 2023-12-31 03816360 core:RetainedEarningsAccumulatedLosses 2024-12-31 03816360 core:RetainedEarningsAccumulatedLosses 2023-12-31 03816360 bus:Director1 2024-01-01 2024-12-31 03816360 core:IntangibleAssetsOtherThanGoodwill 2024-01-01 2024-12-31 03816360 core:ComputerSoftware 2024-01-01 2024-12-31 03816360 core:LandBuildings core:LongLeaseholdAssets 2024-01-01 2024-12-31 03816360 core:FurnitureFittings 2024-01-01 2024-12-31 03816360 2023-01-01 2023-12-31 03816360 core:IntangibleAssetsOtherThanGoodwill 2023-12-31 03816360 core:LandBuildings 2023-12-31 03816360 core:OtherPropertyPlantEquipment 2023-12-31 03816360 2023-12-31 03816360 core:LandBuildings 2024-01-01 2024-12-31 03816360 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 03816360 core:Non-currentFinancialInstruments 2024-12-31 03816360 core:Non-currentFinancialInstruments 2023-12-31 03816360 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03816360 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03816360 bus:FRS102 2024-01-01 2024-12-31 03816360 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 03816360 bus:Director2 2024-01-01 2024-12-31 03816360 bus:Director3 2024-01-01 2024-12-31 03816360 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP