REGISTERED NUMBER: 08087062 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Iam Compliant Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L J J Pargeter

T S Gagen

T P Moore

Mrs K de Meza

REGISTERED OFFICE:

The Steam Mill Business Centre

Steam Mill Street

Chester

Cheshire

CH3 5AN

REGISTERED NUMBER:

08087062 (England and Wales)

ACCOUNTANTS:

Obsidian Accountancy Limited

Suite 9 Corum Two

Corum Office Park

Crown Way

Warmley

Bristol

BS30 8FJ

FIXED ASSETS

Intangible assets

4

3,081,176

2,243,175

Tangible assets

5

11,837

11,615

3,093,013

2,254,790

CURRENT ASSETS

Debtors

6

578,257

498,563

Cash at bank

309,982

1,244,229

888,239

1,742,792

CREDITORS

Amounts falling due within one year

7

1,799,313

1,273,421

NET CURRENT (LIABILITIES)/ASSETS

(911,074

)

469,371

TOTAL ASSETS LESS CURRENT LIABILITIES

2,181,939

2,724,161

CREDITORS

Amounts falling due after more than one year

8

603,393

260,730

NET ASSETS

1,578,546

2,463,431

CAPITAL AND RESERVES

Called up share capital

10

11

11

Share premium

3,792,719

3,792,719

Retained earnings

(2,214,184

)

(1,329,299

)

SHAREHOLDERS' FUNDS

1,578,546

2,463,431

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 2 September 2025 and were signed on its behalf by:

L J J Pargeter - Director

T P Moore - Director

1.	STATUTORY INFORMATION

Iam Compliant Limited 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 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.

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 year was 39 (2023 - 29 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

3,025,636

Additions

1,193,517

At 31 December 2024

4,219,153

AMORTISATION

At 1 January 2024

782,461

Charge for year

355,516

At 31 December 2024

1,137,977

NET BOOK VALUE

At 31 December 2024

3,081,176

At 31 December 2023

2,243,175

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

50,391

Additions

5,909

At 31 December 2024

56,300

DEPRECIATION

At 1 January 2024

38,776

Charge for year

5,687

At 31 December 2024

44,463

NET BOOK VALUE

At 31 December 2024

11,837

At 31 December 2023

11,615

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

254,671

180,817

Other debtors

323,586

317,746

578,257

498,563

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

9,252

9,252

Trade creditors

377,420

435,400

Taxation and social security

229,806

155,636

Other creditors

1,182,835

673,133

1,799,313

1,273,421

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

4,945

14,864

Other creditors

598,448

245,866

603,393

260,730

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Between one and five years

62,927

44,750

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

552,000

Ordinary

£0.00001

11

11