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REGISTERED NUMBER: 09781647 (England and Wales)















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: K Cole
G A Cole





REGISTERED OFFICE: Unit 7 Lipton Close
Bootle
Liverpool
Merseyside
L20 8PU





REGISTERED NUMBER: 09781647 (England and Wales)





ACCOUNTANTS: Cobham Murphy
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 4 374,531 526,557
Investments 5 1,125,000 -
1,499,531 526,557

CURRENT ASSETS
Stocks 169,642 81,998
Debtors 6 1,563,971 2,898,397
Prepayments and accrued income (1 ) 1
Cash at bank 39,233 10,661
1,772,845 2,991,057
CREDITORS
Amounts falling due within one year 7 1,278,412 1,981,429
NET CURRENT ASSETS 494,433 1,009,628
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,993,964

1,536,185

CREDITORS
Amounts falling due after more than one
year

8

(256,013

)

-

PROVISIONS FOR LIABILITIES (97,259 ) (70,132 )
NET ASSETS 1,640,692 1,466,053

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,640,690 1,466,051
1,640,692 1,466,053

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 September 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 September 2022 in accordance with Section 476 of the Companies Act 2006.

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


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

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 2 November 2023 and were signed on its behalf by:




K Cole - Director



G A Cole - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 10% on cost

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 67 (2021 - 115 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2021 746,395
Additions 38,930
Disposals (276,640 )
Reclassification/transfer 92,914
At 28 September 2022 601,599
DEPRECIATION
At 1 October 2021 219,838
Charge for period 66,380
Eliminated on disposal (59,150 )
At 28 September 2022 227,068
NET BOOK VALUE
At 28 September 2022 374,531
At 30 September 2021 526,557

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 360,150
Additions 19,465
At 28 September 2022 379,615
DEPRECIATION
At 1 October 2021 65,423
Charge for period 37,961
At 28 September 2022 103,384
NET BOOK VALUE
At 28 September 2022 276,231
At 30 September 2021 294,727

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST OR VALUATION
Additions 962,500
Revaluations 162,500
At 28 September 2022 1,125,000
NET BOOK VALUE
At 28 September 2022 1,125,000

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 7,292 403,090
Amounts owed by associates 1,088,085 240,902
Other debtors 468,594 2,254,405
1,563,971 2,898,397

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.9.22 30.9.21
£    £   
Bank loans and overdrafts 387,214 193,290
Hire purchase contracts (see note 9) 55,437 -
Trade creditors 505,555 894,592
Amounts owed to associates 43,295 -
Taxation and social security 262,491 289,989
Other creditors 24,420 603,558
1,278,412 1,981,429

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.9.22 30.9.21
£    £   
Bank loans 213,543 -
Hire purchase contracts (see note 9) 42,470 -
256,013 -

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 55,437 -
Between one and five years 42,470 -
97,907 -

Non-cancellable operating leases
28.9.22 30.9.21
£    £   
Within one year 2,300 -

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.