1 January 2021 false No description of principal activity Taxfiler 2022.8.3 SC614596business:PrivateLimitedCompanyLtd2021-01-012021-12-31 SC6145962020-12-31 SC6145962021-01-012021-12-31 SC614596business:AuditExempt-NoAccountantsReport2021-01-012021-12-31 SC614596business:FullAccounts2021-01-012021-12-31 SC6145962021-12-31 SC614596business:Director12021-01-012021-12-31 SC614596business:Director22021-01-012021-12-31 SC614596business:CompanySecretary12021-01-012021-12-31 SC614596business:RegisteredOffice2021-01-012021-12-31 SC6145962020-12-31 SC614596core:WithinOneYear2021-12-31 SC614596core:WithinOneYear2020-12-31 SC614596core:AfterOneYear2021-12-31 SC614596core:AfterOneYear2020-12-31 SC614596core:ShareCapital2021-12-31 SC614596core:ShareCapital2020-12-31 SC614596core:RetainedEarningsAccumulatedLosses2021-12-31 SC614596core:RetainedEarningsAccumulatedLosses2020-12-31 SC614596business:SmallEntities2021-01-012021-12-31 SC614596countries:Scotland2021-01-012021-12-31 SC614596core:ComputerEquipment2021-01-012021-12-31 SC614596core:ComputerEquipment2020-12-31 SC614596core:ComputerEquipment2021-12-31 SC6145962020-01-012020-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC614596 (Scotland)
IMPAQ TECHNOLOGIES LIMITED Unaudited accounts for the year ended 31 December 2021
IMPAQ TECHNOLOGIES LIMITED Unaudited accounts Contents
Page
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IMPAQ TECHNOLOGIES LIMITED Company Information for the year ended 31 December 2021
Directors
Angus George Kerr John Rodgers
Secretary
STRONACHS SECRETARIES LIMITED
Company Number
SC614596 (Scotland)
Registered Office
28 ALBYN PLACE ABERDEEN AB10 1YL UNITED KINGDOM
Accountants
Aberdeen Accountants ICAS M12764 3 Scotsmill Gardens Blackburn Aberdeenshire AB21 0GA
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IMPAQ TECHNOLOGIES LIMITED Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,162 
3,080 
Current assets
Inventories
- 
23,984 
Debtors
84,323 
52,458 
Cash at bank and in hand
43,285 
38,896 
127,608 
115,338 
Creditors: amounts falling due within one year
(105,992)
(104,029)
Net current assets
21,616 
11,309 
Total assets less current liabilities
23,778 
14,389 
Creditors: amounts falling due after more than one year
(41,630)
- 
Net (liabilities)/assets
(17,852)
14,389 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(17,952)
14,289 
Shareholders' funds
(17,852)
14,389 
For the year ending 31 December 2021 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2022 and were signed on its behalf by
Angus George Kerr Director Company Registration No. SC614596
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IMPAQ TECHNOLOGIES LIMITED Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
IMPAQ TECHNOLOGIES LIMITED is a private company, limited by shares, registered in Scotland, registration number SC614596. The registered office is 28 ALBYN PLACE, ABERDEEN, AB10 1YL, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 December 2021 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2020. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% COST
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2021
4,619 
Additions
862 
At 31 December 2021
5,481 
Depreciation
At 1 January 2021
1,539 
Charge for the year
1,780 
At 31 December 2021
3,319 
Net book value
At 31 December 2021
2,162 
At 31 December 2020
3,080 
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IMPAQ TECHNOLOGIES LIMITED Notes to the Accounts for the year ended 31 December 2021
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
- 
3,796 
Trade debtors
72,360 
40,184 
Deferred tax asset
11,863 
4,120 
Other debtors
100 
4,358 
84,323 
52,458 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
8,370 
- 
VAT
3,341 
- 
Trade creditors
77,941 
66,921 
Amounts owed to group undertakings and other participating interests
15,000 
30,000 
Accruals
1,340 
7,108 
105,992 
104,029 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
41,630 
- 
8
Average number of employees
During the year the average number of employees was 2 (2020: 2).
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