i-Dentify Scotland Ltd. - Abbreviated accounts 16.1

i-Dentify Scotland Ltd. - Abbreviated accounts 16.1

I-DENTIFY SCOTLAND LTD. - Company Information

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SC286395 1.1.15 31.12.15 31.12.15 Company accounts Private Limited Company FY true false true false false true false Ordinary 0.10000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC2863952014-12-31SC2863952015-12-31SC2863952015-01-012015-12-31SC2863952013-12-31SC2863952014-01-012014-12-31SC2863952014-12-31SC286395ns12:Scotland2015-01-012015-12-31SC286395ns14:PoundSterling2015-01-012015-12-31SC286395ns7:Director12015-01-012015-12-31SC286395ns7:OrdinaryShareClass22015-01-012015-12-31SC286395ns7:Director22015-01-012015-12-31SC286395ns7:Director32015-01-012015-12-31SC286395ns7:CompanySecretary2015-01-012015-12-31SC286395ns7:RegisteredOffice2015-01-012015-12-31SC286395ns7:EntityAccountantsOrAuditors2015-01-012015-12-31SC286395ns7:OrdinaryShareClass22015-12-31SC286395ns7:OrdinaryShareClass22014-12-31
REGISTERED NUMBER: SC286395 (Scotland)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

I-DENTIFY SCOTLAND LTD.

I-DENTIFY SCOTLAND LTD. (REGISTERED NUMBER: SC286395)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31 December 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

I-DENTIFY SCOTLAND LTD.

COMPANY INFORMATION
for the Year Ended 31 December 2015







DIRECTORS: Mr D Garrett
Mr A Lafferty
Mrs D Garrett





SECRETARY: Mr C G Barral





REGISTERED OFFICE: 13 Glasgow Road
Paisley
PA1 3QS





REGISTERED NUMBER: SC286395 (Scotland)





ACCOUNTANTS: Profit Counts Ltd
13 Glasgow Road
Paisley
Renfrewshire
PA1 3QS
Page 1
I-DENTIFY SCOTLAND LTD. (REGISTERED NUMBER: SC286395)

ABBREVIATED BALANCE SHEET
31 December 2015

2015 2014
Notes £    £   
FIXED ASSETS
Tangible assets 2 794 1,058

CURRENT ASSETS
Debtors 2,165 2,315
Cash at bank 12,486 7,645
14,651 9,960
CREDITORS
Amounts falling due within one year (6,771 ) (391 )
NET CURRENT ASSETS 7,880 9,569
TOTAL ASSETS LESS CURRENT
LIABILITIES
8,674
10,627

CAPITAL AND RESERVES
Called up share capital 3 90 90
Share premium 79,960 79,960
Profit and loss account (71,376 ) (69,423 )
SHAREHOLDERS' FUNDS 8,674 10,627

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 30 September 2016 and were signed on its behalf
by:





Mr A Lafferty - Director


The notes form part of these abbreviated accounts

Page 2
I-DENTIFY SCOTLAND LTD. (REGISTERED NUMBER: SC286395)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31 December 2015

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 January 2015).

Turnover
Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the
goods are physically delivered to the customer. Turnover from the supply of services represents the value of
services provided under contracts to the extent that there is a right to consideration and is recorded at the value
of the consideration due. Where the contract has only been partially completed at the balance sheet date
turnover represents the value of the service provided to date based on a proportion of the total contract value.
Where payments are received from customers in advance of services provided, the amounts are recorded as
Deferred Income and included as part of Creditors due within one year.

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by
including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is
calculated by reference to the value of work performed to date as a proportion of the total contract value.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment.

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

Computer equipment - 25% reducing balance.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 2,508
DEPRECIATION
At 1 January 2015 1,450
Charge for year 264
At 31 December 2015 1,714
NET BOOK VALUE
At 31 December 2015 794
At 31 December 2014 1,058

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
900 Ordinary 10p 90 90

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors is £287 (2014 : £287) due to Mr D Garrett a director of the company. There is no
interest payable on this amount and it is due for repayment on request.

5. RELATED PARTY DISCLOSURES

During the year management fees of £14,400 (2014: £19,200) were paid to Mr A Lafferty, a director of the
company.

During the year the company sold services totalling £6,025 (2014: £5,831) to Mr D Garrett, a director of the
company.

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