REGISTERED NUMBER: 08802287 (United Kingdom)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

ILLUSTRATE DIGITAL LTD.

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

28,276

25,540

Investments

6

33,518

50,277

61,794

75,817

CURRENT ASSETS

Debtors

7

287,734

366,077

Cash at bank

223,122

177,699

510,856

543,776

CREDITORS

Amounts falling due within one year

8

207,076

288,964

NET CURRENT ASSETS

303,780

254,812

TOTAL ASSETS LESS CURRENT LIABILITIES

365,574

330,629

CREDITORS

Amounts falling due after more than one year

9

-

(38,323

)

PROVISIONS FOR LIABILITIES

(5,373

)

(4,610

)

NET ASSETS

360,201

287,696

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

360,101

287,596

SHAREHOLDERS' FUNDS

360,201

287,696

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr S J Jones - Director

1.	STATUTORY INFORMATION

Illustrate Digital Ltd. is a private company, limited by shares , registered in United Kingdom. The company's registered number and registered office address are as below:

Registered number:

08802287

Registered office:

Second Floor, Avalon House

5-7 Cathedral Road

Cardiff

South Glamorgan

CF11 9HA

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets

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

Computer equipment

-

15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 21 (2023 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

2,122

AMORTISATION

At 1 January 2024

and 31 December 2024

2,122

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

49,946

Additions

7,007

At 31 December 2024

56,953

DEPRECIATION

At 1 January 2024

24,406

Charge for year

4,271

At 31 December 2024

28,677

NET BOOK VALUE

At 31 December 2024

28,276

At 31 December 2023

25,540

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

50,277

Impairments

(16,759

)

At 31 December 2024

33,518

NET BOOK VALUE

At 31 December 2024

33,518

At 31 December 2023

50,277

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Identity Technology Limited

Registered office: C/O Illustrate Digital, Colum Buildings, 13 Mount Stuart Square, Cardiff, Wales, CF10 5EE

Nature of business: Software development

%

Class of shares:

holding

Ordinary

77.00

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

79,270

74,371

Other debtors

201,564

288,728

Prepayments

6,900

2,978

287,734

366,077

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 10)

38,532

72,871

Trade creditors

5,196

27,515

Social security and other taxes

64,675

59,941

Other creditors

49,505

55,166

Accruals and deferred income

49,168

73,471

207,076

288,964

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 10)

-

38,323

10.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

38,532

72,871

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

38,323

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

20

Ordinary

5

100

100