Identityco Limited - Accounts

Identityco Limited - Accounts

IDENTITYCO LIMITED - Company Information

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Identityco Limited 04345119 CLOTHING MANUFACTURE false 1 October 2020 04345119 2020-10-01 2021-09-30 04345119 2020-09-30 04345119 2021-09-30 04345119 2019-10-01 2020-09-30 04345119 2019-09-30 04345119 2020-09-30 04345119 frs102-bus:FRS102 2020-10-01 2021-09-30 04345119 frs102-bus:PrivateLimitedCompanyLtd 2020-10-01 2021-09-30 04345119 frs102-bus:FullAccounts 2020-10-01 2021-09-30 04345119 frs102-bus:AuditExempt-NoAccountantsReport 2020-10-01 2021-09-30 04345119 frs102-core:CurrentFinancialInstruments 2021-09-30 04345119 frs102-core:CurrentFinancialInstruments 2020-09-30 04345119 frs102-core:Non-currentFinancialInstruments 2021-09-30 04345119 frs102-core:Non-currentFinancialInstruments 2020-09-30 04345119 frs102-core:ShareCapital 2021-09-30 04345119 frs102-core:ShareCapital 2020-09-30 04345119 frs102-core:RetainedEarningsAccumulatedLosses 2021-09-30 04345119 frs102-core:RetainedEarningsAccumulatedLosses 2020-09-30 04345119 frs102-bus:Director1 2020-10-01 2021-09-30 04345119 frs102-core:Vehicles 2020-10-01 2021-09-30 04345119 frs102-core:PlantMachinery 2020-10-01 2021-09-30 04345119 frs102-core:Vehicles 2020-09-30 04345119 frs102-core:PlantMachinery 2020-09-30 04345119 frs102-core:Vehicles 2021-09-30 04345119 frs102-core:PlantMachinery 2021-09-30 04345119 frs102-core:Vehicles 2020-09-30 04345119 frs102-core:PlantMachinery 2020-09-30 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
04345119
Identityco Limited
Unaudited Accounts
for the year ended
30 September 2021
Identityco Limited
Balance Sheet
as at 30 September 2021
Notes
 2021
£		 2020
£
Fixed assets
Tangible assets 6 83,692 70,302
83,692 70,302
Current assets
Stocks 133,695 91,505
Debtors 7 67,950 43,312
Cash at bank and in hand 390,601 376,451
592,246 511,268
Creditors: amounts falling due within one year 8 (138,115) (93,543)
Net current assets / (liabilities) 454,131 417,725
Total assets less current liabilities 537,823 488,027
Creditors: amounts falling due after more than one year 9 (19,745) (39,745)
Provisions for liabilities (0) (0)
Total net assets (liabilities) 518,078 448,282
Capital and reserves
Called up share capital 2 2
Profit and loss account 518,076 448,280
Shareholders' funds 518,078 448,282

Identityco Limited
Balance Sheet
as at 30 September 2021



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 2021 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 24 November 2021

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 2021

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:
2021
2020
£ £
Directors' remuneration 5,888 5,258

3. Taxation
2021 2020
£ £
UK Corporation Tax 15,548 26,392
Tax overpaid 0 11,266
Tax on profit/(loss) on ordinary activities 15,548 15,126

4. Directors' remuneration
2021 2020
£ £
Directors' salaries 5,888 0
Total 5,888 0

5. Employees
2021 2020
Average number of employees during the period 8 8

Other employment information

none


6. Tangible fixed assets
Vehicles Plant & machinery Total
Cost or valuation £ £ £
At 1 October 2020 72,435 267,536 339,971
Additions 0 41,288 41,288
At 30 September 2021 72,435 308,824 381,259
Depreciation
At 1 October 2020 67,152 202,517 269,669
Charge for the period 1,321 26,577 27,898
At 30 September 2021 68,473 229,094 297,567
Net book value
At 30 September 2021 3,962 79,730 83,692
At 30 September 2020 5,283 65,019 70,302

7. Debtors
2021 2020
£ £
Trade debtors 67,950 43,312
67,950 43,312

8. Creditors: amounts falling due within one year
2021 2020
£ £
Trade creditors 44,355 33,610
Taxation & social security 21,332 32,399
Other creditors 72,428 27,534
138,115 93,543

9. Creditors: amounts falling due after one year
2021 2020
£ £
Other 19,745 39,745
19,745 39,745

10. Dividends
2021 2020
£ £
Total dividend payment 73,970 58,384