Company Registration No. 11715808 (England and Wales)
Impact Social Value Reporting Ltd
Unaudited accounts
for the year ended 31 January 2023
Impact Social Value Reporting Ltd
Unaudited accounts
Contents
Impact Social Value Reporting Ltd
Company Information
for the year ended 31 January 2023
Directors
Edward Cox
Matthew Haworth
Company Number
11715808 (England and Wales)
Registered Office
26 LEVER STREET
GROUND FLOOR
MANCHESTER
M1 1DW
ENGLAND
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
Impact Social Value Reporting Ltd
Statement of financial position
as at 31 January 2023
Tangible assets
5,371
7,184
Cash at bank and in hand
20,893
36,708
Creditors: amounts falling due within one year
(369,117)
(179,840)
Net current liabilities
(197,758)
(66,059)
Total assets less current liabilities
(192,386)
(58,874)
Creditors: amounts falling due after more than one year
(27,275)
(36,395)
Net liabilities
(219,661)
(95,269)
Called up share capital
1,000
1,000
Share premium
149,925
149,925
Profit and loss account
(370,586)
(246,194)
Shareholders' funds
(219,661)
(95,269)
For the year ending 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 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 16 October 2023 and were signed on its behalf by
Edward Cox
Director
Company Registration No. 11715808
Impact Social Value Reporting Ltd
Notes to the Accounts
for the year ended 31 January 2023
Impact Social Value Reporting Ltd is a private company, limited by shares, registered in England and Wales, registration number 11715808. The registered office is 26 LEVER STREET, GROUND FLOOR, MANCHESTER, M1 1DW, ENGLAND.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
25% on cost
Computer equipment
33% reducing balance
Other tangible fixed assets
16.67% Straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The accounts have been prepared on the going concern basis. At the financial year end date the company is loss making. The company has taken significant steps by taking on more one-off consultancy work to cover company expenditure since the financial year end and are now profit making.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Impact Social Value Reporting Ltd
Notes to the Accounts
for the year ended 31 January 2023
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2022
1,844
9,541
11,385
At 31 January 2023
1,844
9,541
11,385
At 1 February 2022
961
3,240
4,201
Charge for the year
196
1,910
2,106
At 31 January 2023
1,157
4,857
6,014
At 31 January 2023
687
4,684
5,371
At 31 January 2022
883
6,301
7,184
Amounts falling due within one year
Trade debtors
80,520
35,880
Deferred tax asset
69,946
41,193
Impact Social Value Reporting Ltd
Notes to the Accounts
for the year ended 31 January 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,126
9,105
Trade creditors
24,585
15,112
Taxes and social security
13,152
8,797
Other creditors
114,476
3,516
Loans from directors
2,000
-
Deferred income
195,608
128,494
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 7 (2022: 7).