REGISTERED NUMBER: 14667856 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

SELECT ID LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs. C. L. Knight

Mr. L. Banda

Mr. N. C. Mothershaw

REGISTERED OFFICE:

Dakota House

25 Falcon Court

Preston Farm Business Park

Stockton on Tees

TS18 3TX

REGISTERED NUMBER:

14667856 (England and Wales)

SENIOR STATUTORY AUDITOR:

Anne Cowley BA FCA

AUDITORS:

Baines Jewitt Limited

Statutory Auditors

Spitfire House

19 Falcon Court

Preston Farm Industrial Estate

Stockton-on-Tees

TS18 3TU

FIXED ASSETS

Intangible assets

4

84,875

610

CURRENT ASSETS

Debtors

5

153,333

276,000

Cash at bank

161,376

476,426

314,709

752,426

CREDITORS

Amounts falling due within one year

6

1,077,838

805,490

NET CURRENT LIABILITIES

(763,129

)

(53,064

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(678,254

)

(52,454

)

CREDITORS

Amounts falling due after more than one year

7

-

62,604

NET LIABILITIES

(678,254

)

(115,058

)

CAPITAL AND RESERVES

Called up share capital

101

100

Share premium

29,999

-

Retained earnings

(708,354

)

(115,158

)

(678,254

)

(115,058

)

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 25 November 2025 and were signed on its behalf by:

Mr. N. C. Mothershaw - Director

1.	STATUTORY INFORMATION

Select 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.

Going concern

The financial statements have been prepared on a going concern basis in accordance with applicable UK accounting standards.

The directors have assessed the company’s financial position and future funding requirements. The company is currently reliant on securing additional fundraising to continue its operations and meet its liabilities as they fall due. The directors are actively pursuing further investment and are confident, based on ongoing discussions and interest received, that sufficient funding will be secured in the coming months.

On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis. However, they acknowledge that there is a material uncertainty which may cast significant doubt on the company’s ability to continue as a going concern if the anticipated fundraising is not successful.

The financial statements do not include any adjustments that would result from the going concern basis of preparation being inappropriate.

Turnover

Participation fee income is measured at the fair value of the consideration received or receivable, net of any discounts, rebates, or credits.

Advance payments received shall be recorded as deferred income based on an apportionment of the fee with reference to the participation period.

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.

Trademarks are being amortised evenly over their estimated useful life of five years.

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

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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 July 2024

740

Additions

84,413

At 30 June 2025

85,153

AMORTISATION

At 1 July 2024

130

Charge for year

148

At 30 June 2025

278

NET BOOK VALUE

At 30 June 2025

84,875

At 30 June 2024

610

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

150,000

276,000

Prepayments and accrued income

3,333

-

153,333

276,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

49,417

-

Amounts owed to group undertakings

86,781

-

Social security and other taxes

5,130

3,620

VAT

19,581

117,005

Convertible contribution receipts

874,999

625,000

Deferred income

21,667

40,000

Accrued expenses

20,263

19,865

1,077,838

805,490

Convertible contribution receipts relate to monies received from investors under a contribution agreement which allows the value to be either converted to shares or a credit against future Select ID Limited fees.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

-

62,604

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Anne Cowley BA FCA (Senior Statutory Auditor)

for and on behalf of Baines Jewitt Limited

9.	ULTIMATE CONTROLLING PARTY

The immediate parent company is TISA Commercial Enterprises Limited, a company incorporated in England and Wales.

The Ultimate Parent company is The Investing and Saving Alliance ('TISA'), a company incorporated in England and Wales. The parent is a not for profit membership organisation, limited by guarantee and under the control of the board of Director's who represent the members.The financial statements of The Investing and Saving Alliance are available from Companies House, Crown Way, Cardiff, CF14 3UZ .