Identity Merchandise Limited,Ltd - AccountsLtd - Accounts

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IDENTITY MERCHANDISE LIMITED - Company Information

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2019-01-01 08729951 2019-12-31 08729951 2019-01-01 2019-12-31 08729951 2018-12-31 08729951 2018-01-01 2018-12-31 08729951 uk-core:WithinOneYear 2018-12-31 08729951 uk-core:WithinOneYear 2019-12-31 08729951 uk-core:ShareCapital 2019-12-31 08729951 uk-core:ShareCapital 2018-12-31 08729951 uk-core:RetainedEarningsAccumulatedLosses 2019-12-31 08729951 uk-core:RetainedEarningsAccumulatedLosses 2018-12-31 08729951 uk-bus:Director1 2019-01-01 2019-12-31 08729951 uk-core:ComputerEquipment 2018-12-31 08729951 uk-core:FurnitureFittings 2018-12-31 08729951 uk-core:ComputerEquipment 2019-01-01 2019-12-31 08729951 uk-core:FurnitureFittings 2019-01-01 2019-12-31 08729951 uk-core:FurnitureFittings 2019-12-31 08729951 uk-core:ComputerEquipment 2019-12-31 08729951 uk-core:WithinOneYear 2019-12-31 08729951 uk-core:WithinOneYear 2018-12-31 iso4217:GBP xbrli:pure 08729951 uk-bus:AuditExemptWithAccountantsReport 2019-01-01 2019-12-31 08729951 uk-bus:FRS102 2019-01-01 2019-12-31 08729951 uk-bus:FullAccounts 2019-01-01 2019-12-31 08729951 uk-bus:PrivateLimitedCompanyLtd 2019-01-01 2019-12-31
Identity Merchandise Limited
Registered Number:08729951
For the year ended 31 December 2019
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2019
Identity Merchandise Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
08729951
As at 31 December 2019
Identity Merchandise Limited
Statement of Financial Position
£
£
2018
2019
Notes
Fixed assets
Property, plant and equipment
4,725
3,637
2
4,725
3,637
Current assets
Trade and other receivables
39,131
54,511
3
45,882
Cash and cash equivalents
28,786
83,297
85,013
Trade and other payables: amounts falling due within one
year
(41,053)
(61,588)
4
43,960
21,709
Net current assets
Total assets less current liabilities
26,434
47,597
26,434
Net assets
47,597
Capital and reserves
Called up share capital
100
100
Retained earnings
26,334
47,497
26,434
47,597
Shareholders' funds
For the year ended 31 December 2019 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 of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Marisa Jayne Rowding Director
These financial statements were approved and authorised for issue by the Board on 10 August 2020 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 December 2019
Identity Merchandise Limited
Notes to the Financial Statements
Statutory Information
Identity Merchandise Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 08729951.
Registered address:
260 Ecclesall Road South
Sheffield
S11 9PS
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
£
£
£
Cost or
valuation
At 01 January 2019
6,376
2,435
3,941
1,924
1,924
-
Additions
At 31 December 2019
3,941
4,359
8,300
Provision for depreciation and impairment
At 01 January 2019
2,739
1,159
1,580
Charge for year
836
481
355
At 31 December 2019
3,575
1,640
1,935
At 31 December 2019
Net book value
2,006
2,719
4,725
At 31 December 2018
2,361
1,276
3,637
3. Trade and other receivables
2018
2019
£
£
Trade debtors
54,358
39,131
Other debtors
153
-
39,131
54,511
2 of 3
5
For the year ended 31 December 2019
Identity Merchandise Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Bank loans and overdraft
96
-
Trade creditors
48,854
19,254
Taxation and social security
11,734
20,285
Other creditors
904
1,514
61,588
41,053
5. Average number of persons employed
During the year the average number of employees was 6 (2018 : 8)
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