Identity Management Solutions Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05918711 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2014

FOR

IDENTITY MANAGEMENT SOLUTIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

P D Bowden

M D Bowden

REGISTERED OFFICE:

21 Springfield Road

Blackpool

Lancashire

FY1 1QW

REGISTERED NUMBER:

05918711 (England and Wales)

ACCOUNTANTS:

Askal Limited

Unicorn house

141 Mowbray Drive

Blackpool

Lancashire

FY3 7UN

FIXED ASSETS

Tangible assets

2

-

267

CURRENT ASSETS

Debtors

52,656

52,937

Cash at bank

200

-

52,856

52,937

CREDITORS

Amounts falling due within one year

3

69,053

69,182

NET CURRENT LIABILITIES

(16,197

)

(16,245

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(16,197

)

(15,978

)

CREDITORS

Amounts falling due after more than one year

132,757

132,506

NET LIABILITIES

(148,954

)

(148,484

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(149,054

)

(148,584

)

SHAREHOLDERS' FUNDS

(148,954

)

(148,484

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28th May 2015 and were signed on its behalf by:

P D Bowden - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2013

and 31st August 2014

11,794

DEPRECIATION

At 1st September 2013

11,527

Charge for year

267

At 31st August 2014

11,794

NET BOOK VALUE

At 31st August 2014

-

At 31st August 2013

267

3.

CREDITORS

Creditors include an amount of £ 0 (31/8/13 - £ 91 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31/8/14

31/8/13

value:

£

£

100

Ordinary Shares of £1

1

100

100

5.	ULTIMATE PARENT COMPANY

Identity Management Solutions Limited is a wholly owned subsidiary of Identity Management Solutions

Holdings Limited, a company registered in England.

6.	RELATED PARTY DISCLOSURES

Identity Management Solutions Limited was a wholly owned subsidiary of Identity Management Holdings

Limited throughout the current and previous year. The company is not under the control under any one

individual.

At the year end, Identity Management Solutions Holdings Limited owed Identity Management Solutions

Limited £100 (2013 : £100).

At the year end the company owed £131,757 (2013:£131,506) to World Wide Clubs UK Ltd, a company of

which Mr P Bowden is a director.

At the year end the company owed £1,000 (2013 : £1,000) to World Wide Clubs UK (Holdings) Limited, a

company of which Mr P Bowden and Mr M Bowden are directors.

Included in Trade Creditors is an amount of £1,908 (2013: £1,908) payable to Mr M Bowden.

Included in Other Creditors is an amount of £8,000 (2013: £8,000) payable to Mr P Bowden.

7.	ULTIMATE CONTROLLING PARTY

Identity Management Solutions Limited is a wholly owned subsidiary of Identity Management Solutions

Holdings Ltd, a company incorporated in England.

8.	GOING CONCERN

The company had net liabilities of £148,954 (2013:£148,484) at 31 August 2014 and is reliant on the ongoing

financial support of the directors.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Identity Management Solutions Limited for the year ended 31st August 2014 which comprise

the Profit and Loss Account, the Balance Sheet and the 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 icaew.com/membershandbook.

This report is made solely to the Board of Directors of Identity Management Solutions Limited, as a body, in

accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the

financial statements of Identity Management Solutions Limited and state those matters that we have agreed to state to

the Board of Directors of Identity Management Solutions Limited, as a body, in this report in accordance with AAF

2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Identity Management Solutions Limited 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 Identity Management Solutions Limited. You consider that Identity Management Solutions Limited 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 Identity Management

Solutions Limited. 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.

Askal Limited

Unicorn house

141 Mowbray Drive

Blackpool

Lancashire

FY3 7UN

28th May 2015