ID3AS-Company Limited Accounts

ID3AS-COMPANY LIMITED - Company Information






ID3AS-Company Limited

	Company No. 07510535
		Information for Filing with The Registrar
		31 January 2023


The Directors present their report and the accounts for the year ended 31 January 2023.

Principal activities
The principal activity of the company during the year under review was IT consultancy.




Directors

The Directors who served at any time during the year were as follows:

D.N. Robinson
A.M.P. Roe
S.R. Strong



































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

D.N. Robinson
Director
30 October 2023


at	31 January 2023
Company No.		07510535	Notes	2023	2022
				£	£
Fixed assets

	Tangible assets		4	3,929	8,803

	Investments		5	100	-
				4,029	8,803
Current assets
	Stocks		6	15,000	-
	Debtors		7	355,045	590,136

	Cash at bank and in hand			1,619,670	1,086,212
				1,989,715	1,676,348
Creditors: Amount falling due within one year			8	(273,761)	(160,707)
Net current assets				1,715,954	1,515,641
Total assets less current liabilities				1,719,983	1,524,444

Provisions for liabilities
	Deferred taxation		9	(746)	(1,673)

Net assets				1,719,237	1,522,771

Capital and reserves
	Called up share capital			31	30



	Profit and loss account		10	1,719,206	1,522,741

Total equity				1,719,237	1,522,771



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 January 2023 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 30 October 2023
And signed on its behalf by:
A.M.P. Roe
Director
30 October 2023

for the year ended 31 January 2023

General information

Its registered number is: 07510535

Its registered office is:

c/o Change Accountants

2 Forest Farm Business Park

Fulford

York

YO19 4RH

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

25 - 33% Straight line basis

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Investments

Unlisted investments are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Consolidation

In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The
company has therefore taken advantage of the exemption provided by Section 399 of the Companies Act
2006 not to prepare group accounts.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Share based payments

On 1st November 2022 the company issued an aggregate total of 6,349 Vn Growth shares with a nominal value of £0.0001 to one of its employees in the period.

The Growth Shares are subject to a Hurdle and will only deliver proceeds on a sale or exit event where the Hurdle is exceeded.

The growth shares will become fully unconditional on exit or after 10 years from grant. The recipient must remain an employee throughout.

The Growth Shares are subject to a Hurdle of £5.70 and will only participate in capital above this Hurdle.
As such, they currently stand out the money. It is therefore estimated that the UMV of the Growth Shares is equal to their nominal value.

The directors are required to use an appropriate pricing model to value the issue of equity to employees. All conditional growth shares issued in the year at nominal value have a hurdle price calculated to be in excess of the current aggregate value of the company attributable to all other share classes. The cost to the company in issuing these shares at par is regarded by the directors to be immaterial (£o.63) and therefore in their judgement no charge has been made to the profit and loss in the current period nor will be applicable to future periods.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3	Employees
			2023	2022
			Number	Number
		The average monthly number of employees (including directors) during the year was:	7	7

4	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation
		At 1 February 2022	84,595	84,595
		Additions	1,356	1,356



		At 31 January 2023	85,951	85,951
		Depreciation
		At 1 February 2022	75,792	75,792
		Charge for the year	6,230	6,230



		At 31 January 2023	82,022	82,022
		Net book values
		At 31 January 2023	3,929	3,929
		At 31 January 2022	8,803	8,803

5	Investments
			Investment in Subsidiaries	Total
			£	£
		Cost or valuation

		Additions	100	100


		At 31 January 2023	100	100
		Provisions/Impairment





		Net book values
		At 31 January 2023	100	100

6	Stocks
			2023	2022
			£	£

		Work in progress	15,000	-

			15,000	-

7	Debtors
			2023	2022
			£	£
		Trade debtors	265,254	588,996




		Loans to directors	555	-
		Other debtors	89,236	1,140

			355,045	590,136

8	Creditors:
		amounts falling due within one year
			2023	2022
			£	£




		Trade creditors	31,423	72

		Corporation tax	126,880	67,185
		Other taxes and social security	111,246	88,202
		Loans from directors	317	1,187
		Other creditors	2,286	2,478
		Accruals and deferred income	1,609	1,583
			273,761	160,707

9	Provisions for liabilities
		Deferred taxation

			Accelerated Capital Allowances, Losses and Other Timing Differences	Total
			£	£
		At 1 February 2022	1,673	1,673
		Charge to the profit and loss account for the period	(927)	(927)

		At 31 January 2023	746	746



			2023	2022
			£	£
		Accelerated capital allowances	746	1,673



			746	1,673

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

Post balance sheet events

Subsequent to the reporting period, the company granted a total of 11,110 Performance share options under a EMI share scheme to 3 employees of the business with an exercise price of £0.97.The shares vest once specific service and performance conditions have been met.

12	Advances and credits to directors
		Included within Other debtors are the following loans to directors:

		Director	Description	At 1 February 2022	Advanced	Repaid	At 31 January 2023
				£	£	£	£
		D.N. Robinson	Interest free Directors loan, repaid post year end	-	555	-	555







































				-	555	-	555

Related party disclosures

2023

Transactions with related parties

Name of related party

Id3as Inc.

Description of relationship between the parties

Wholly owned subsidiary

Description of transaction and general amounts involved

Interest free loan of $100,000 plus assets purchased on behalf of the subsidiary held within Other Debtors.

Amount due from/(to) the related party

88,090

Name of related party

Greening of Streaming Limited

Description of relationship between the parties

Wholly owned subsidiary

Description of transaction and general amounts involved

Recharge of management fees at cost with extended payment terms held within trade debtors

Amount due from/(to) the related party

58,800