ID Guardian Ltd - Accounts

ID Guardian Ltd - Accounts

ID GUARDIAN LTD - Company Information

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ID Guardian Ltd 08669664 design, manufacture and sale of medical products and software false 1 January 2020 08669664 2020-01-01 2020-12-31 08669664 2019-12-31 08669664 2020-12-31 08669664 2019-01-01 2019-12-31 08669664 2018-12-31 08669664 2019-12-31 08669664 frs102-bus:FRS102 2020-01-01 2020-12-31 08669664 frs102-bus:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31 08669664 frs102-bus:FullAccounts 2020-01-01 2020-12-31 08669664 frs102-bus:AuditExemptWithAccountantsReport 2020-01-01 2020-12-31 08669664 frs102-core:CurrentFinancialInstruments 2020-12-31 08669664 frs102-core:CurrentFinancialInstruments 2019-12-31 08669664 frs102-core:ShareCapital 2020-12-31 08669664 frs102-core:ShareCapital 2019-12-31 08669664 frs102-core:SharePremium 2020-12-31 08669664 frs102-core:SharePremium 2019-12-31 08669664 frs102-core:OtherReservesSubtotal 2020-12-31 08669664 frs102-core:OtherReservesSubtotal 2019-12-31 08669664 frs102-core:RetainedEarningsAccumulatedLosses 2020-12-31 08669664 frs102-core:RetainedEarningsAccumulatedLosses 2019-12-31 08669664 frs102-bus:Director1 2020-01-01 2020-12-31 08669664 frs102-core:ToolsEquipment 2020-01-01 2020-12-31 08669664 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2019-12-31 08669664 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2020-01-01 2020-12-31 08669664 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2020-12-31 08669664 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2019-12-31 08669664 frs102-bus:OrdinaryShareClass1 2020-12-31 08669664 frs102-bus:OrdinaryShareClass1 2019-12-31 08669664 frs102-bus:OrdinaryShareClass1 2020-01-01 2020-12-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
08669664
ID Guardian Ltd
Unaudited Accounts
for the year ended
31 December 2020
ID Guardian Ltd
Balance Sheet
as at 31 December 2020
Notes
 2020
£		 2019
£
Fixed assets
Tangible assets 3 1,870 1,588
Investments 124,000 124,000
125,870 125,588
Current assets
Debtors 4 3,793 3,867
Cash at bank and in hand 28,022 45,266
31,815 49,133
Creditors: amounts falling due within one year 5 (15,183) (11,534)
Net current assets / (liabilities) 16,632 37,599
Total assets less current liabilities 142,502 163,187
Provisions for liabilities (0) (0)
Accruals and deferred income (550) (550)
Total net assets (liabilities) 141,952 162,637
Capital and reserves
Called up share capital 6 243 243
Share premium account 249,922 249,922
Other reserves 4,096 4,096
Profit and loss account (112,309) (91,624)
Shareholders' funds 141,952 162,637

ID Guardian Ltd
Balance Sheet
as at 31 December 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 31 December 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

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

J Majic

Director


Approved by the board on 15 February 2021

Company Number: 08669664 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

9th Floor
107 Cheapside
London
EC2V 6DN

ID Guardian Ltd
Notes to the Accounts
for the year ended 31 December 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.
Going concern basis
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
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.
Equipment 25% Straight Line
Research and development
Expenditure on research is written off in the year in which it is incurred. Where appropriate, development expenditure is capitalised and amortised over its useful economic life.
Foreign currencies
Transactions in foreign currencies other than the functional currency of the company are recorded at the rate of exchange on the date the transaction occurred. Monetary assets and liabilities in foreign currencies are translated at the rates prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items measured at historic cost in a foreign currency are recorded at that historic value.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares that are measured at fair value. Derivative financial instruments are initially recorded at cost and thereafter at fair value. All changes in fair value are recognised in the profit or loss account in the period in which they occurred.
2. Employees
2020 2019
Average number of employees during the period 0 0

3. Tangible fixed assets
Equipment Total
Cost or valuation £ £
At 1 January 2020 10,362 10,362
Additions 2,022 2,022
At 31 December 2020 12,384 12,384
Depreciation
At 1 January 2020 8,774 8,774
Charge for the period 1,740 1,740
At 31 December 2020 10,514 10,514
Net book value
At 31 December 2020 1,870 1,870
At 31 December 2019 1,588 1,588

4. Debtors
2020 2019
£ £
Other debtors 3,793 3,867
3,793 3,867

5. Creditors: amounts falling due within one year
2020 2019
£ £
Taxation & social security 3,649 0
Other creditors 11,534 11,534
15,183 11,534

6. Share capital
2020 2019
£ £
Allotted, called up and fully paid:
800,000 (2019: 800,000) Deferred shares of £0.0001 each 80 80
Allotted, called up and fully paid:
900,000 (2019: 900,000) Ordinary shares of £0.0001 each 90 90
Allotted, called up and fully paid:
440,393 (2019: 440,393) Seed 1 shares of £0.0001 each 44.04 44.04
Allotted, called up and fully paid:
293,593 (2019: 293,593) Seed 2 shares of £0.0001 each 29.36 29.36
243 243