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REGISTERED NUMBER: 10638425 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Imp Construction Limited

Imp Construction Limited (Registered number: 10638425)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 7

Imp Construction Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: M J Jackson
Mrs H L Jackson





REGISTERED OFFICE: 111 Piccadilly
Manchester
M1 2HY





REGISTERED NUMBER: 10638425 (England and Wales)





ACCOUNTANTS: Prestige Accounting Limited T/A Simon Moss & Co
The Finance Centre
34a Southgate
Sleaford
Lincolnshire
NG34 7RY

Imp Construction Limited (Registered number: 10638425)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,185 26,913

CURRENT ASSETS
Debtors 5 95,673 96,093

CREDITORS
Amounts falling due within one year 6 229,323 229,175
NET CURRENT LIABILITIES (133,650 ) (133,082 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(113,465

)

(106,169

)

CREDITORS
Amounts falling due after more than one
year

7

51,400

69,320
NET LIABILITIES (164,865 ) (175,489 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (164,965 ) (175,589 )
SHAREHOLDERS' FUNDS (164,865 ) (175,489 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

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 6 November 2023 and were signed on its behalf by:



M J Jackson - Director


Imp Construction Limited (Registered number: 10638425)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Imp Construction 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.

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.

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 - 25% on reducing balance

Taxation
Taxation for the year 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.

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 year 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.

Imp Construction Limited (Registered number: 10638425)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants relating to revenue are recognised in income over the period in which the related costs are recognised.

In response to the Covid-19 pandemic the company used the Job Retention Scheme resulting in the company receiving grants to cover the salary costs of a number of employees. These receipts were recognised in the profit and loss account as other income and the balance due from the government was recognised as an asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 45,545
DEPRECIATION
At 1 March 2022 18,632
Charge for year 6,728
At 28 February 2023 25,360
NET BOOK VALUE
At 28 February 2023 20,185
At 28 February 2022 26,913

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 35,494
DEPRECIATION
At 1 March 2022 12,624
Charge for year 5,718
At 28 February 2023 18,342
NET BOOK VALUE
At 28 February 2023 17,152
At 28 February 2022 22,870

Imp Construction Limited (Registered number: 10638425)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 89,680 82,609
Other debtors 5,993 13,484
95,673 96,093

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 59,116 48,257
Hire purchase contracts 8,392 8,393
Trade creditors 76,846 112,159
Taxation and social security 44,842 23,581
Other creditors 40,127 36,785
229,323 229,175

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 41,361 51,316
Hire purchase contracts 10,039 18,004
51,400 69,320

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank overdrafts 49,678 38,974
Hire purchase contracts 18,431 26,397
Bank loans 7,696 12,134
75,805 77,505

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
M J Jackson
Balance outstanding at start of year - 1,304
Amounts advanced 1,369 -
Amounts repaid - (1,304 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,369 -

Imp Construction Limited (Registered number: 10638425)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs H L Jackson
Balance outstanding at start of year 3,141 4,268
Amounts repaid - (1,127 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,141 3,141

Imp Construction Limited

Report of the Accountants to the Directors of
Imp Construction Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Prestige Accounting Limited T/A Simon Moss & Co
The Finance Centre
34a Southgate
Sleaford
Lincolnshire
NG34 7RY


6 November 2023