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REGISTERED NUMBER: 06874077 (England and Wales)

















IMPACT SURVEYS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






IMPACT SURVEYS LIMITED (REGISTERED NUMBER: 06874077)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


IMPACT SURVEYS LIMITED (REGISTERED NUMBER: 06874077)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70,500 59,215

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 2,826 29,223
Cash at bank 78,647 83,562
86,473 117,785
CREDITORS
Amounts falling due within one year 6 85,034 112,230
NET CURRENT ASSETS 1,439 5,555
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,939

64,770

CREDITORS
Amounts falling due after more than one year 7 (58,185 ) (46,945 )

PROVISIONS FOR LIABILITIES (13,395 ) (3,521 )
NET ASSETS 359 14,304

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 355 14,300
SHAREHOLDERS' FUNDS 359 14,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 October 2023 and were signed by:





Mrs N Blythe - Director


IMPACT SURVEYS LIMITED (REGISTERED NUMBER: 06874077)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Impact Surveys Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06874077

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
SG4 0TY

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.

Going concern
The financial statements have been prepared with going concern.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director’s opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and 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 the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 SURVEYS LIMITED (REGISTERED NUMBER: 06874077)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

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 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.

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 year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 104,277
Additions 38,062
Disposals (25,330 )
At 31 March 2023 117,009
DEPRECIATION
At 1 April 2022 45,062
Charge for year 21,439
Eliminated on disposal (19,992 )
At 31 March 2023 46,509
NET BOOK VALUE
At 31 March 2023 70,500
At 31 March 2022 59,215

IMPACT SURVEYS LIMITED (REGISTERED NUMBER: 06874077)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

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
Additions 36,500
At 31 March 2023 36,500
DEPRECIATION
Charge for year 5,563
At 31 March 2023 5,563
NET BOOK VALUE
At 31 March 2023 30,937

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,814 20,746
Other debtors 12 8,477
2,826 29,223

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,000 5,000
Hire purchase contracts (see note 8) 8,945 5,218
Trade creditors 20,968 54,026
Taxation and social security 35,019 20,331
Other creditors 15,102 27,655
85,034 112,230

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 10,833 15,833
Hire purchase contracts (see note 8) 47,352 31,112
58,185 46,945

IMPACT SURVEYS LIMITED (REGISTERED NUMBER: 06874077)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Gross obligations repayable:
Within one year 13,142 7,200
Between one and five years 52,891 35,901
66,033 43,101

Finance charges repayable:
Within one year 4,197 1,982
Between one and five years 5,539 4,789
9,736 6,771

Net obligations repayable:
Within one year 8,945 5,218
Between one and five years 47,352 31,112
56,297 36,330

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mrs N Blythe
Balance outstanding at start of year 7,064 1,423
Amounts advanced 78,790 122,036
Amounts repaid (94,075 ) (116,395 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (8,221 ) 7,064

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £25,000 (2022 - £37,500) was paid to a close family member of the director.

At the balance sheet date, included in other creditors is an amount of £8,221 owed to the director of the company (2022 -
£7,064 owed by the director to the company).This unsecured loan is repayable on demand and interest is charged at 0%.

The director has given a personal guarantee against the bank borrowings of the company.