Registered number
11653544
Impactiva Limited
Unaudited Filleted Accounts
31 March 2023
Impactiva Limited
Registered number: 11653544
Balance Sheet
as at 31 March 2023
Notes 2023 2021
£ £
Current assets
Debtors 3 44,400 649,887
Investments held as current assets 4 100 100
Cash at bank and in hand 1,467,602 399,248
1,512,102 1,049,235
Creditors: amounts falling due within one year 5 (88,402) (83,143)
Net current assets 1,423,700 966,092
Net assets 1,423,700 966,092
Capital and reserves
Called up share capital 108 108
Profit and loss account 1,423,592 965,984
Shareholders' funds 1,423,700 966,092
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Subramanian
Director
Approved by the board on 1 September 2023
Impactiva Limited
Notes to the Accounts
for the period from 1 December 2021 to 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2021
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2023 2021
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest (29,100) 649,887
Other debtors 73,500 -
44,400 649,887
4 Investments held as current assets 2023 2021
£ £
Fair value
Unlisted investments 100 100
The company holds more than 20% of the share capital of the following companies:
Subsidiary undertakings Country of registration or Incorporation Class of shares Shares held %
QLAAR Ltd UK Ordinary 100
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Company Principal activity Capital and reserves 2023 Profit/ (loss for the year 2023)
£ £
QLAAR Ltd Pharmaceutical consultancy 614,392 645,115.88
5 Creditors: amounts falling due within one year 2023 2021
£ £
Taxation and social security costs 12,402 1,143
Other creditors 76,000 82,000
88,402 83,143
6 Controlling party
The company is under the equal control of it's directors, Mr D Subramanian and Mrs S Rajakumar who hold more than 50% of the company's share capital.
7 Other information
Impactiva Limited is a private company limited by shares and incorporated in England. Its registered office is:
1b Davenant Road
Oxford
Oxfordshire
OX2 8BT
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