REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 October 2021 to 28 September 2022 |
for |
Impact Energy Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 October 2021 to 28 September 2022 |
for |
Impact Energy Limited |
Impact Energy Limited (Registered number: 09781647) |
Contents of the Financial Statements |
for the Period 1 October 2021 to 28 September 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Impact Energy Limited |
Company Information |
for the Period 1 October 2021 to 28 September 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
116 Duke Street |
Liverpool |
Merseyside |
L1 5JW |
Impact Energy Limited (Registered number: 09781647) |
Balance Sheet |
28 September 2022 |
28.9.22 | 30.9.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Prepayments and accrued income | ( |
) |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Impact Energy Limited (Registered number: 09781647) |
Balance Sheet - continued |
28 September 2022 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Impact Energy Limited (Registered number: 09781647) |
Notes to the Financial Statements |
for the Period 1 October 2021 to 28 September 2022 |
1. | STATUTORY INFORMATION |
Impact Energy Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery etc | - |
Investments in associates |
Investments in associate undertakings are recognised at cost. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Financial instruments |
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. |
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Impact Energy Limited (Registered number: 09781647) |
Notes to the Financial Statements - continued |
for the Period 1 October 2021 to 28 September 2022 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 October 2021 |
Additions |
Disposals | ( |
) |
Reclassification/transfer |
At 28 September 2022 |
DEPRECIATION |
At 1 October 2021 |
Charge for period |
Eliminated on disposal | ( |
) |
At 28 September 2022 |
NET BOOK VALUE |
At 28 September 2022 |
At 30 September 2021 |
Impact Energy Limited (Registered number: 09781647) |
Notes to the Financial Statements - continued |
for the Period 1 October 2021 to 28 September 2022 |
4. | TANGIBLE FIXED ASSETS - continued |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and |
machinery |
etc |
£ |
COST |
At 1 October 2021 |
Additions |
At 28 September 2022 |
DEPRECIATION |
At 1 October 2021 |
Charge for period |
At 28 September 2022 |
NET BOOK VALUE |
At 28 September 2022 |
At 30 September 2021 |
5. | FIXED ASSET INVESTMENTS |
Interest |
in |
associate |
£ |
COST OR VALUATION |
Additions |
Revaluations |
At 28 September 2022 |
NET BOOK VALUE |
At 28 September 2022 |
Cost or valuation at 28 September 2022 is represented by: |
Interest |
in |
associate |
£ |
Valuation in 2022 | 162,500 |
Cost | 962,500 |
1,125,000 |
Impact Energy Limited (Registered number: 09781647) |
Notes to the Financial Statements - continued |
for the Period 1 October 2021 to 28 September 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.9.22 | 30.9.21 |
£ | £ |
Trade debtors |
Amounts owed by associates |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.9.22 | 30.9.21 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts (see note 9) |
Trade creditors |
Amounts owed to associates | 43,295 | - |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
28.9.22 | 30.9.21 |
£ | £ |
Bank loans |
Hire purchase contracts (see note 9) |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 37,624 | - |
9. | LEASING AGREEMENTS |
Minimum lease payments fall due as follows: |
Hire purchase contracts |
28.9.22 | 30.9.21 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
Non-cancellable operating | leases |
28.9.22 | 30.9.21 |
£ | £ |
Within one year |
Impact Energy Limited (Registered number: 09781647) |
Notes to the Financial Statements - continued |
for the Period 1 October 2021 to 28 September 2022 |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
28.9.22 | 30.9.21 |
£ | £ |
Hire purchase contracts | 97,907 | - |
11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
At the year end there was a loan due from Directors of £28,719. The loan is interest free and repayable upon demand. |
12. | RELATED PARTY DISCLOSURES |
Included in debtors are net amounts owed from associated companies of £1,044,790. |