Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312022-02-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06311218 2022-02-01 2023-01-31 06311218 2021-02-01 2022-01-31 06311218 2023-01-31 06311218 2022-01-31 06311218 c:Director1 2022-02-01 2023-01-31 06311218 d:FreeholdInvestmentProperty 2023-01-31 06311218 d:FreeholdInvestmentProperty 2022-01-31 06311218 d:CurrentFinancialInstruments 2023-01-31 06311218 d:CurrentFinancialInstruments 2022-01-31 06311218 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 06311218 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 06311218 d:ShareCapital 2023-01-31 06311218 d:ShareCapital 2022-01-31 06311218 d:MergerReserve 2023-01-31 06311218 d:MergerReserve 2022-01-31 06311218 d:RetainedEarningsAccumulatedLosses 2023-01-31 06311218 d:RetainedEarningsAccumulatedLosses 2022-01-31 06311218 c:FRS102 2022-02-01 2023-01-31 06311218 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 06311218 c:FullAccounts 2022-02-01 2023-01-31 06311218 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 06311218 6 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 06311218










IMPULSE ENGINEERING (HOLDINGS) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
IMPULSE ENGINEERING (HOLDINGS) LIMITED
REGISTERED NUMBER: 06311218

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,000
1,000

Investment property
 5 
365,000
365,000

  
366,000
366,000

Current assets
  

Debtors: amounts falling due within one year
 6 
36,807
500

Cash at bank and in hand
  
47,853
28,999

  
84,660
29,499

Creditors: amounts falling due within one year
 7 
(145,028)
(211,197)

Net current liabilities
  
 
 
(60,368)
 
 
(181,698)

Total assets less current liabilities
  
305,632
184,302

  

Net assets
  
305,632
184,302


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Merger reserve
  
114,589
114,589

Profit and loss account
  
190,043
68,713

  
305,632
184,302


Page 1

 
IMPULSE ENGINEERING (HOLDINGS) LIMITED
REGISTERED NUMBER: 06311218
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






E D Newman
Director

Date: 18 October 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
IMPULSE ENGINEERING (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Impulse Engineering (Holdings) Limited (registered number 06311218) is a private company, limited by shares and incorporated in England and Wales. Its registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight line basis over the lease term.

Page 3

 
IMPULSE ENGINEERING (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
IMPULSE ENGINEERING (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 February 2022
1,000



At 31 January 2023
1,000





5.


Investment property


Freehold investment property

£



Valuation


At 1 February 2022
365,000



At 31 January 2023
365,000

The 2023 valuations were made by the directors, on an open market value for existing use basis.

2023
2022
£
£

Revaluation reserves


At 1 February 2022
114,589
114,589

At 31 January 2023
114,589
114,589



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
294,021
294,021

Accumulated depreciation and impairments
(84,770)
(78,890)

209,251
215,131

Page 5

 
IMPULSE ENGINEERING (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
36,307
-

Other debtors
500
500

36,807
500



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
-
62,425

Corporation tax
-
3,844

Other creditors
136,694
136,694

Accruals and deferred income
8,334
8,234

145,028
211,197


 
Page 6