REGISTERED NUMBER: 03946676 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Positiv-id Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N Sawhney

SECRETARY:

T Dobbyn

REGISTERED OFFICE:

8 Hampstead Gate

1A Frognal

Hampstead

London

NW3 6AL

REGISTERED NUMBER:

03946676 (England and Wales)

ACCOUNTANTS:

Brackman Chopra LLP

Chartered Accountants

8 Hampstead Gate

1 A Frognal

Hampstead

London

NW3 6AL

FIXED ASSETS

Tangible assets

4

4,614

6,153

Investments

5

1

1

4,615

6,154

CURRENT ASSETS

Debtors

1,202,757

981,977

Cash at bank and in hand

5,065

4,202

1,207,822

986,179

CREDITORS

Amounts falling due within one year

763,249

634,749

NET CURRENT ASSETS

444,573

351,430

TOTAL ASSETS LESS CURRENT LIABILITIES

449,188

357,584

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

449,187

357,583

SHAREHOLDERS' FUNDS

449,188

357,584

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 December 2025 and were signed by:

N Sawhney - Director

1.	STATUTORY INFORMATION

Positiv-id Ltd 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.

Preparation of consolidated financial statements

The financial statements contain information about Positiv-id Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% 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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial assets

Basic financial assets, including trade and other receivables and cash & bank balances are initially recognised at transaction price and subsequently measured at amortised cost.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Financial liabilities

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts 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 payables are initially recognised at transaction price and subsequently measured at amortised cost.

Derecognition of financial assets and liabilities

A financial asset is derecognised only when the contractual rights to cash flows expire or are settled, or substantially all the risks and rewards of ownership are transferred to another party. A financial liability (or part thereof) is derecognised when the obligation specified in the contract is discharged, cancelled or expires.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

235,823

DEPRECIATION

At 1 April 2024

229,670

Charge for year

1,539

At 31 March 2025

231,209

NET BOOK VALUE

At 31 March 2025

4,614

At 31 March 2024

6,153

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2024

and 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

6.	RELATED PARTY DISCLOSURES

Nitin Sawhney, the director of the company, is also a director of Vinyl Room Ltd. At the year end Positiv ID Ltd was owed the sum of £861 (2024: £827) from Vinyl Room Ltd.

Nitin Sawhney, the director of the company, is also a director of Einstein Tagore Ltd. At the year end Positiv ID Ltd was owed the sum of £533 (2024: £499) from Einstein Tagore Ltd.

Nitin Sawhney, the director of the company, is also a partner in Global Spin Productions LLP. At the year end Positiv ID Ltd owed the sum of £1,935 (2024: £1,969) to Global Spin Production LLP.

Nitin Sawhney, the director of the company, is also a partner in Global Spin Artists LLP. At the year end Positiv ID Ltd owed the sum of £790 (2024: £824) to Global Spin Artists LLP.

Nitin Sawhney, the director of the company, is also a partner in Positiv LLP. At the year end Positiv ID Ltd was owed the sum of £843,018 (2024: £793,768) from Positiv LLP.

At the year end, the company owed £414,646 (2024: £385,266) to it's subsidiary undertaking Positiv-id Touring Ltd. This balance is interest free and repayable on demand.

During the year the company provided management services to Positiv-LLP, a Limited Liability Partnership controlled by Nitin Sawhney. The sum charged was £237,404 (2024: £120,000).

During the year the company provided management services to Positiv-id Touring Ltd, a Limited Company controlled by Nitin Sawhney, The sum charged was £74,654 (2024 - £NIL).

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director, Mr N Sawhney, by virtue of his ownership of 100% of the voting share capital in Positiv-id Ltd