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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
Page
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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
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Impact Social Value Reporting Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
1 
1 
Tangible assets
5,371 
7,184 
5,372 
7,185 
Current assets
Debtors
150,466 
77,073 
Cash at bank and in hand
20,893 
36,708 
171,359 
113,781 
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)
Capital and reserves
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
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Impact Social Value Reporting Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
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.
3
Accounting policies
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.
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:
Fixtures & fittings
25% on cost
Computer equipment
33% reducing balance
Other tangible fixed assets
16.67% Straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Going concern
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 taxation
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.
Pension costs
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.
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Impact Social Value Reporting Ltd Notes to the Accounts for the year ended 31 January 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2022
1 
At 31 January 2023
1 
Amortisation
At 1 February 2022
- 
At 31 January 2023
- 
Net book value
At 31 January 2023
1 
At 31 January 2022
1 
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 
Depreciation
At 1 February 2022
961 
3,240 
4,201 
Charge for the year
196 
1,910 
2,106 
On disposals
- 
(293)
(293)
At 31 January 2023
1,157 
4,857 
6,014 
Net book value
At 31 January 2023
687 
4,684 
5,371 
At 31 January 2022
883 
6,301 
7,184 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
80,520 
35,880 
Deferred tax asset
69,946 
41,193 
150,466 
77,073 
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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 
VAT
10,170 
13,111 
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 
- 
Accruals
- 
1,705 
Deferred income
195,608 
128,494 
369,117 
179,840 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
27,275 
36,395 
9
Average number of employees
During the year the average number of employees was 7 (2022: 7).
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