1 01/04/2025 31/03/2026 2026-03-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2025-04-01 Sage Accounts Production 25.0 - FRS102_2025 xbrli:pure xbrli:shares iso4217:GBP 10205880 2025-04-01 2026-03-31 10205880 2026-03-31 10205880 2025-03-31 10205880 2024-04-01 2025-03-31 10205880 2025-03-31 10205880 2024-03-31 10205880 bus:RegisteredOffice 2025-04-01 2026-03-31 10205880 bus:LeadAgentIfApplicable 2025-04-01 2026-03-31 10205880 bus:Director1 2025-04-01 2026-03-31 10205880 bus:Director2 2025-04-01 2026-03-31 10205880 core:WithinOneYear 2026-03-31 10205880 core:WithinOneYear 2025-03-31 10205880 core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 10205880 core:RetainedEarningsAccumulatedLosses 2025-04-01 2026-03-31 10205880 core:AfterOneYear 2025-03-31 10205880 core:ShareCapital 2026-03-31 10205880 core:ShareCapital 2025-03-31 10205880 core:RetainedEarningsAccumulatedLosses 2026-03-31 10205880 core:RetainedEarningsAccumulatedLosses 2025-03-31 10205880 core:ShareCapital 2024-03-31 10205880 core:RetainedEarningsAccumulatedLosses 2024-03-31 10205880 core:PreviouslyStatedAmount core:ShareCapital 2026-03-31 10205880 bus:Director1 2025-03-31 10205880 bus:Director1 2026-03-31 10205880 bus:Director1 2024-03-31 10205880 bus:Director1 2025-03-31 10205880 bus:Director1 2024-04-01 2025-03-31 10205880 bus:SmallEntities 2025-04-01 2026-03-31 10205880 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 10205880 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 10205880 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 10205880 bus:FullAccounts 2025-04-01 2026-03-31 10205880 core:OtherCapitalReserve 1 2024-04-01 2025-03-31 10205880 core:FurnitureFittingsToolsEquipment 2025-03-31 10205880 core:FurnitureFittingsToolsEquipment 2025-04-01 2026-03-31
Company registration number: 10205880
Modern-ID Ltd
Unaudited filleted financial statements
31 March 2026
Modern-ID Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Modern-ID Ltd
Directors and other information

| Directors | Mr N Sully
|  | Mrs Z Sully
| Company number | 10205880
| Registered office | First Floor
|  | 99 Bancroft
|  | Hitchin
|  | Herts
|  | SG5 1NQ
| Accountants | Hicks and Company
|  | Chartered Accountants
|  | First Floor
|  | 99 Bancroft
|  | Hitchin
|  | Herts
|  | SG5 1NQ

Modern-ID Ltd
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Modern-ID Ltd
Year ended 31 March 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Modern-ID Ltd for the year ended 31 March 2026 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Modern-ID Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Modern-ID Ltd and state those matters that we have agreed to state to the board of directors of Modern-ID Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Modern-ID Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Modern-ID Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Modern-ID Ltd. You consider that Modern-ID Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Modern-ID Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hicks and Company
Chartered Accountants
First Floor
99 Bancroft
Hitchin
Herts
SG5 1NQ
6 August 2026
Modern-ID Ltd
Statement of financial position
31 March 2026

|  |  | 2026 |  |  |  | 2025 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 5 | - |  |  |  | 3,488 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | - |  |  |  | 3,488
Current assets |  |  |  |  |  |  |  |  |
Stocks |  |  | 11,882 |  |  |  | 11,663 |  |
Debtors |  | 6 | 370 |  |  |  | 2,774 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 12,252 |  |  |  | 14,437 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 7 | ( 63,904) |  |  |  | ( 41,518) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current liabilities |  |  |  |  | ( 51,652) |  |  |  | ( 27,081)
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | ( 51,652) |  |  |  | ( 23,593)
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 8 |  |  | - |  |  |  | ( 15,389)
|  |  |  |  | _______ |  |  |  | _______
Net liabilities |  |  |  |  | ( 51,652) |  |  |  | ( 38,982)
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  |  | ( 51,752) |  |  |  | ( 39,082)
|  |  |  |  | _______ |  |  |  | _______
Shareholders deficit |  |  |  |  | ( 51,652) |  |  |  | ( 38,982)
|  |  |  |  | _______ |  |  |  | _______

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 06 August 2026 , and are signed on behalf of the board by:
Mr N Sully
Director
Company registration number: 10205880
Modern-ID Ltd
Statement of changes in equity
Year ended 31 March 2026

|  | Called up share capital |  | Profit and loss account | Total |  |  |  |  |
|  | £ |  | £ | £ |  |  |  |  |
At 1 April 2024 |  | 100 |  | 9,467 | 9,567 |  |  |  |  |
Loss for the year |  |  |  | ( 47,496) | ( 47,496) |  |  |  |  |
Other comprehensive income for the year: |  |  |  |  |  |  |  |  |  |
Other reserves |  | - |  | ( 1,053) | ( 1,053) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total comprehensive income for the year |  | - |  | ( 48,549) | ( 48,549) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
At 31 March 2025 and 1 April 2025 |  | 100 |  | ( 39,082) | ( 38,982) |  |  |  |  |
Loss for the year |  |  |  | ( 12,670) | ( 12,670) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total comprehensive income for the year |  | - |  | ( 12,670) | ( 12,670) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
At 31 March 2026 |  | 100 |  | ( 51,752) | ( 51,652) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |

Modern-ID Ltd
Notes to the financial statements
Year ended 31 March 2026
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor, 99 Bancroft, Hitchin, Herts, SG5 1NQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis as the director considers that the company can generate sufficient profits to eliminate its defficiency. In the short term the director has ageed to provide suffient funds as considered necessary to the company, to enable it to meet liabilities as they fall due over the course of the coming year.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Leasehold improvements | - | Straight line over 10 years |

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2025: 1 ).
5. Tangible assets

|  | Fixtures, fittings and equipment | Total |  |  |  |  |
|  | £ | £ |  |  |  |  |
| Cost |  |  |  |  |  |  |
| At 1 April 2025 | 11,725 | 11,725 |  |  |  |  |
| Disposals | ( 11,725) | ( 11,725) |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| At 31 March 2026 | - | - |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| Depreciation |  |  |  |  |  |  |
| At 1 April 2025 | 8,237 | 8,237 |  |  |  |  |
| Disposals | ( 8,237) | ( 8,237) |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| At 31 March 2026 | - | - |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 31 March 2026 | - | - |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| At 31 March 2025 | 3,488 | 3,488 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |

6. Debtors

|  |  | 2026 | 2025
|  |  | £ | £
| Trade debtors |  | - | 1,747
| Other debtors |  | 370 | 1,027
|  |  | _______ | _______
|  |  | 370 | 2,774
|  |  | _______ | _______

7. Creditors: amounts falling due within one year

|  |  | 2026 | 2025
|  |  | £ | £
| Bank loans and overdrafts |  | 6 | 16,659
| Other creditors |  | 63,898 | 24,859
|  |  | _______ | _______
|  |  | 63,904 | 41,518
|  |  | _______ | _______

8. Creditors: amounts falling due after more than one year

|  |  | 2026 | 2025
|  |  | £ | £
| Other creditors |  | - | 15,389
|  |  | _______ | _______

9. Directors advances, credits and guarantees

| During the year the directors entered into the following advances and credits with the company: |  |  |  |  |  |
2026 |  |  |  |  |  |  |
|  | Balance brought forward | Advances /(credits) to the directors | Balance o/standing |  |  |
|  | £ | £ | £ |  |  |
| Mr N Sully | ( 23,359) | ( 40,319) | ( 63,678) |  |  |
|  | _______ | _______ | _______ |  |  |
2025 |  |  |  |  |  |  |
|  | Balance brought forward | Advances /(credits) to the directors | Balance o/standing |  |  |
|  | £ | £ | £ |  |  |
| Mr N Sully | ( 17,022) | ( 6,337) | ( 23,359) |  |  |
|  | _______ | _______ | _______ |  |  |