REGISTERED NUMBER: 08485252 (England and Wales)

UNIFI ID LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

A H Dyce

P Sheedy

Mrs A Taibouni

Mrs J Li

REGISTERED OFFICE:

Level 39

One Canada Square

Canary Wharf

London

E14 5AB

REGISTERED NUMBER:

08485252 (England and Wales)

ACCOUNTANTS:

Phipps Henson McAllister

Chartered Accountants

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

FIXED ASSETS

Intangible assets

4

1,350,012

1,350,012

Tangible assets

5

3,131

4,175

Investments

6

1,053

1,053

1,354,196

1,355,240

CURRENT ASSETS

Stocks

-

77,778

Debtors

7

6,391

182,917

Cash at bank

17,785

101,559

24,176

362,254

CREDITORS

Amounts falling due within one year

8

34,569

137,121

NET CURRENT (LIABILITIES)/ASSETS

(10,393

)

225,133

TOTAL ASSETS LESS CURRENT LIABILITIES

1,343,803

1,580,373

CREDITORS

Amounts falling due after more than one year

9

269,112

267,821

NET ASSETS

1,074,691

1,312,552

CAPITAL AND RESERVES

Called up share capital

10

122

122

Share premium account

1,955,793

1,955,793

Retained earnings

(881,224

)

(643,363

)

SHAREHOLDERS' FUNDS

1,074,691

1,312,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2025 and were signed on its behalf by:

P Sheedy - Director

1.	STATUTORY INFORMATION

Unifi Id 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.

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

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 represents the amounts derived from the sale of services to customers during the period at invoiced amounts, excluding value added tax. Turnover is recognised when the service is provided.

Intangible assets

Intangible assets represent the investments in research and software development of the company's technology and data platforms.

Initially this is measured at cost and not amortised whilst still in development.

After development for each technology or data platform is complete, they are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Software development costs will be amortised evenly over their estimated useful life once recognised

Tangible fixed assets

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

Computer and office equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Going concern

The company's trading results are improving and the directors are confident that the company will continue to generate profits in the near future. In addition the directors, shareholders and other creditors have confirmed their continued support for the company. As a result the going concern basis of accounting has been adopted.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2024

and 30 April 2025

1,350,012

NET BOOK VALUE

At 30 April 2025

1,350,012

At 30 April 2024

1,350,012

5.	TANGIBLE FIXED ASSETS

Computer

and

office

equipment

£

COST

At 1 May 2024

and 30 April 2025

40,646

DEPRECIATION

At 1 May 2024

36,471

Charge for year

1,044

At 30 April 2025

37,515

NET BOOK VALUE

At 30 April 2025

3,131

At 30 April 2024

4,175

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2024

and 30 April 2025

1,053

NET BOOK VALUE

At 30 April 2025

1,053

At 30 April 2024

1,053

The company owns 100% of shares in Unifi ID (HK) Limited, a company registered in Hong Kong, as a direct subsidiary.

Unifi ID (HK) Limited owns 70% of shares in Hangzhou Zhikong Technology Company Limited, a company registered in the People's Republic of China.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,391

182,917

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

12,300

9,458

Amounts owed to group undertakings

432

432

Social security and other taxes

3,424

3,639

VAT

2,184

29,484

Other creditors

735

700

Directors' current accounts

5,494

70,000

Accruals and deferred income

-

13,408

34,569

137,121

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

11,654

20,512

Other loans - 1-2 years

61,824

51,675

Directors' loan accounts

195,634

195,634

269,112

267,821

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,222,668

Ordinary

0.01p

122

122