Identityco Limited - Accounts

Identityco Limited - Accounts

IDENTITYCO LIMITED - Company Information

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Identityco Limited 04345119 CLOTHING MANUFACTURE false 1 October 2019 04345119 2019-10-01 2020-09-30 04345119 2019-09-30 04345119 2020-09-30 04345119 2018-10-01 2019-09-30 04345119 2018-09-30 04345119 2019-09-30 04345119 frs102-bus:FRS102 2019-10-01 2020-09-30 04345119 frs102-bus:PrivateLimitedCompanyLtd 2019-10-01 2020-09-30 04345119 frs102-bus:FullAccounts 2019-10-01 2020-09-30 04345119 frs102-bus:AuditExempt-NoAccountantsReport 2019-10-01 2020-09-30 04345119 frs102-core:CurrentFinancialInstruments 2020-09-30 04345119 frs102-core:CurrentFinancialInstruments 2019-09-30 04345119 frs102-core:Non-currentFinancialInstruments 2020-09-30 04345119 frs102-core:Non-currentFinancialInstruments 2019-09-30 04345119 frs102-core:ShareCapital 2020-09-30 04345119 frs102-core:ShareCapital 2019-09-30 04345119 frs102-core:RetainedEarningsAccumulatedLosses 2020-09-30 04345119 frs102-core:RetainedEarningsAccumulatedLosses 2019-09-30 04345119 frs102-bus:Director1 2019-10-01 2020-09-30 04345119 frs102-core:Vehicles 2019-10-01 2020-09-30 04345119 frs102-core:PlantMachinery 2019-10-01 2020-09-30 04345119 frs102-core:Vehicles 2019-09-30 04345119 frs102-core:PlantMachinery 2019-09-30 04345119 frs102-core:Vehicles 2020-09-30 04345119 frs102-core:PlantMachinery 2020-09-30 04345119 frs102-core:Vehicles 2019-09-30 04345119 frs102-core:PlantMachinery 2019-09-30 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
04345119
Identityco Limited
Unaudited Accounts
for the year ended
30 September 2020
Identityco Limited
Balance Sheet
as at 30 September 2020
Notes
 2020
£		 2019
£
Fixed assets
Intangible assets 0 45,000
Tangible assets 5 70,302 51,335
70,302 96,335
Current assets
Stocks 91,505 92,188
Debtors 6 43,312 30,236
Cash at bank and in hand 376,451 251,848
511,268 374,272
Creditors: amounts falling due within one year 7 (93,543) (51,261)
Net current assets / (liabilities) 417,725 323,011
Total assets less current liabilities 488,027 419,346
Creditors: amounts falling due after more than one year 8 (39,745) (59,744)
Total net assets (liabilities) 448,282 359,602
Capital and reserves
Called up share capital 2 2
Profit and loss account 448,280 359,600
Shareholders' funds 448,282 359,602

Identityco Limited
Balance Sheet
as at 30 September 2020



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 30 September 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr H Groundwater

Director


Approved by the board on 20 November 2020

Company Number: 04345119 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

Unit 2
Furness Business Park
Barrow-in-furness
LA14 2PE
England

Identityco Limited
Notes to the Accounts
for the year ended 30 September 2020

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Vehicles 25% Reducing Balance
Plant & machinery 25% Reducing Balance
2. Profit or loss

Profit before tax is stated after charging the following:
2020
2019
£ £
Directors' remuneration 5,258 2,112

3. Taxation
2020 2019
£ £
UK Corporation Tax 15,126 15,163
Tax on profit/(loss) on ordinary activities 15,126 15,163

4. Employees
2020 2019
Average number of employees during the period 8 0

5. Tangible fixed assets
Vehicles Plant & machinery Total
Cost or valuation £ £ £
At 1 October 2019 75,033 222,537 297,570
Disposals (2,598) (0) (2,598)
Revaluations 0 44,999 44,999
At 30 September 2020 72,435 267,536 339,971
Depreciation
At 1 October 2019 65,391 180,844 246,235
Charge for the period 1,761 21,673 23,434
At 30 September 2020 67,152 202,517 269,669
Net book value
At 30 September 2020 5,283 65,019 70,302
At 30 September 2019 9,642 41,693 51,335

6. Debtors
2020 2019
£ £
Trade debtors 43,312 30,236
43,312 30,236

7. Creditors: amounts falling due within one year
2020 2019
£ £
Trade creditors 33,610 29,073
Taxation & social security 32,399 20,259
Other creditors 27,534 1,929
93,543 51,261

8. Creditors: amounts falling due after one year
2020 2019
£ £
Other 39,745 59,744
39,745 59,744

9. Dividends
2020 2019
£ £
Total dividend payment 58,384 18,049