ID Comms Limited

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

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ID Comms Limited

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 06848158

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		189,520		261,085
Tangible Assets	5		1,545		-
Investments	6		102,920		147,057

			293,985		408,142
CURRENT ASSETS
Debtors	7	644,588		698,470
Cash at bank and in hand		279,886		370,148

		924,474		1,068,618
Creditors: Amounts Falling Due Within One Year	8	(149,766 )		(250,223 )

NET CURRENT ASSETS (LIABILITIES)			774,708		818,395

TOTAL ASSETS LESS CURRENT LIABILITIES			1,068,693		1,226,537

Creditors: Amounts Falling Due After More Than One Year	9		(4,409 )		(14,807 )

NET ASSETS			1,064,284		1,211,730

CAPITAL AND RESERVES
Called up share capital	10		250		250
Share premium account			24,656		24,656
Profit and Loss Account			1,039,378		1,186,824

SHAREHOLDERS' FUNDS			1,064,284		1,211,730

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ID Comms Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr D Indo

Director

25/09/2025

The notes on pages 4 to 7 form part of these financial statements.

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ID Comms Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

ID Comms Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06848158 . The registered office is 60 Cannon Street, London, EC4N 6NP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Presentational Currency

The accounts are presented in and rounded to the nearest £1 sterling.

2.2. 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 as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services:

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

2.3. Intangible Fixed Assets and Amortisation - Intellectual Property

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class Amortization method and rate

Intellectual Property 20% Straight line

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

50% Straight line method

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2.6. Taxation

Tax is recognised in the statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.7. Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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ID Comms Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.8. Trade debtors

Short term debtors are measured at transaction price, less any impairment.

2.9. Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3.0. Borrowing costs

All borrowing costs are recognised in the statement of comprehensive income in the year in which they are incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2023: 14)

4. Intangible Assets

	Intellectual Property
	£
Cost
As at 1 January 2024	450,914

As at 31 December 2024	450,914

Amortisation
As at 1 January 2024	189,829
Provided during the period	71,565

As at 31 December 2024	261,394

Net Book Value
As at 31 December 2024	189,520

As at 1 January 2024	261,085

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2024	-
Additions	1,612

As at 31 December 2024	1,612

Depreciation
As at 1 January 2024	-
Provided during the period	67

As at 31 December 2024	67

Net Book Value
As at 31 December 2024	1,545

As at 1 January 2024	-

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ID Comms Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 January 2024	147,057

As at 31 December 2024	147,057

Provision
As at 1 January 2024	-
Impairment losses	44,137

As at 31 December 2024	44,137

Net Book Value
As at 31 December 2024	102,920

As at 1 January 2024	147,057

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	529,598	558,294
Prepayments and accrued income	52,141	52,059
Other debtors	4,084	5,965
VAT	10,352	6,477
Amounts owed by group undertakings	48,413	75,675

	644,588	698,470

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	76,437	42,866
Bank loans and overdrafts	10,397	10,140
Other taxes and social security	34,084	45,856
Other creditors	10,320	59,653
Accruals and deferred income	18,528	91,708

	149,766	250,223

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	4,409	14,807

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	250	250

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ID Comms Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	12,181	10,373
Later than one year and not later than five years	9,266	6,054

	21,447	16,427

12. Related Party Transactions

The Company has taken the exemption under FRS102 section 33.1A not to disclose transactions and balances with other group companies, on the basis that the subsidiary companies are wholly owned.

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Directors	Mr D Indo
	Mr T J Denford
	Mr P J Leary

Company Number	06848158

Registered Office	60 Cannon Street
	London
	EC4N 6NP

Accountants	Wellden Turnbull Limited
	Albany House
	Claremont Lane
	Esher
	Surrey
	KT10 9FQ