01 August 2022 31 July 2023 No principle activity is included 05887356 2022-08-01 05887356 2023-07-31 05887356 2022-08-01 2023-07-31 05887356 2022-07-31 05887356 2021-08-01 2022-07-31 05887356 uk-core:WithinOneYear 2023-07-31 05887356 uk-core:WithinOneYear 2022-07-31 05887356 uk-core:AfterOneYear 2023-07-31 05887356 uk-core:AfterOneYear 2022-07-31 05887356 uk-core:ShareCapital 2023-07-31 05887356 uk-core:ShareCapital 2022-07-31 05887356 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 05887356 uk-core:RetainedEarningsAccumulatedLosses 2022-07-31 05887356 uk-bus:Director1 2022-08-01 2023-07-31 05887356 uk-bus:RegisteredOffice 2022-08-01 2023-07-31 05887356 uk-curr:PoundSterling 2022-08-01 2023-07-31 05887356 uk-core:PlantMachinery 2022-08-01 2023-07-31 05887356 uk-core:Vehicles 2022-08-01 2023-07-31 05887356 uk-core:FurnitureFittings 2022-08-01 2023-07-31 05887356 uk-core:OfficeEquipment 2022-08-01 2023-07-31 05887356 uk-core:LandBuildings uk-core:OwnedOrFreeholdAssets 2022-07-31 05887356 uk-core:VehiclesPlantMachinery 2022-07-31 05887356 uk-core:FurnitureFittingsToolsEquipment 2022-07-31 05887356 uk-core:LandBuildings uk-core:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 05887356 uk-core:VehiclesPlantMachinery 2022-08-01 2023-07-31 05887356 uk-core:FurnitureFittingsToolsEquipment 2022-08-01 2023-07-31 05887356 uk-core:LandBuildings uk-core:OwnedOrFreeholdAssets 2023-07-31 05887356 uk-core:VehiclesPlantMachinery 2023-07-31 05887356 uk-core:FurnitureFittingsToolsEquipment 2023-07-31 05887356 uk-core:BetweenOneTwoYears 2023-07-31 05887356 uk-core:BetweenOneTwoYears 2022-07-31 05887356 uk-core:BetweenTwoFiveYears 2023-07-31 05887356 uk-core:BetweenTwoFiveYears 2022-07-31 05887356 uk-bus:FRS102 2022-08-01 2023-07-31 05887356 uk-bus:FullAccounts 2022-08-01 2023-07-31 05887356 uk-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 05887356 uk-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  IMPACT FACILITIES MANAGEMENT LIMITED
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 31 JULY 2023
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  IMPACT FACILITIES MANAGEMENT LIMITED
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 31 JULY 2023
       
       
  DIRECTORS
       
  C L Deller
  D W Matthews
       
       
  SECRETARY
       
  C L Deller
       
  REGISTERED OFFICE
       
  78 Birmingham Street
Oldbury
B69 4EB
       
       
  COMPANY REGISTERED NUMBER
       
  05887356
       
       
  BANKERS
       
  NatWest Bank plc
       
       
  ACCOUNTANTS
       
  Lyness Accountancy Practice Limited
  Chartered Certified Accountants
  78 Birmingham Street, Oldbury, West Midlands, B69 4EB
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
  page 1
  IMPACT FACILITIES MANAGEMENT LIMITED
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 31 JULY 2023
       
       
  CONTENTS
       
  Pages
       
       
  3-4 Statement of Financial Position  
       
       
  5-8 Notes to the Financial Statements  
       
     
  page 2
  IMPACT FACILITIES MANAGEMENT LIMITED
  Company registered number: 05887356
  STATEMENT OF FINANCIAL POSITION AT 31 July 2023
           
    Note 2023 2022
      £ £ £
  FIXED ASSETS
  Property, plant and equipment 3 289,330 245,796
  CURRENT ASSETS    
  Inventories   38,178 33,015
  Debtors 4 842,478 929,415
  Cash at bank and in hand   10,901 7,125
      891,557 969,555
  CREDITORS: Amounts falling due within one year 5 318,515 364,758
  NET CURRENT ASSETS   573,042 604,797
  TOTAL ASSETS LESS CURRENT LIABILITIES   862,372 850,593
           
  CREDITORS: Amounts falling due after more than one year 6 (195,898) (184,648)
           
  PROVISIONS FOR LIABILITIES   (621,000) (621,000)
  NET ASSETS   £45,474 £44,945
       
  CAPITAL AND RESERVES
  Called up share capital   4 4
  Retained earnings   45,470 44,941
  SHAREHOLDERS' FUNDS   £45,474 £44,945
       
  The notes on pages 5-8 form part of these financial statements
   
  page 3
  IMPACT FACILITIES MANAGEMENT LIMITED
  Company registered number: 05887356
  STATEMENT OF FINANCIAL POSITION AT 31 July 2023 (CONT.)
           
    Note 2023 2022
      £ £ £
       
       
  In approving these financial statements as directors of the company we hereby confirm the following:
       
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
       
  The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with section 476 of the Companies Act 2006.
       
  The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
 
 
  These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies
       
  In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
       
  The financial statements were approved and authorised for issue by the board of directors on 20/02/2024
 
  Signed on behalf of the board of directors
 
 
       
  C L Deller, Director
       
       
  The notes on pages 5-8 form part of these financial statements
   
  page 4
  IMPACT FACILITIES MANAGEMENT LIMITED
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 31 JULY 2023
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Statement of compliance
         
  Impact Facilities Management Limited, company number 05887356 is a private company limited by shares in England & Wales.
         
  Registered office:
  78 Birmingham Street
Oldbury
B69 4EB
         
1b. Basis of accounting
         
  These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
         
1c. Revenue recognition
         
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
         
1d. Borrowing costs
         
  Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
         
 
         
1e. Taxation
         
         
  Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
       
1f. Property, plant and equipment
       
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
       
  Plant and machinery Reducing balance 25%  
  Vehicles Reducing balance 25%  
  Fixtures and fittings Reducing balance 25%  
  Equipment Reducing balance 15%  
  The notes on pages 5-8 form part of these financial statements
   
  page 5
  IMPACT FACILITIES MANAGEMENT LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 JULY 2023
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1g. Inventories
         
  Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.
         
         
1h. Short term debtors and creditors
         
  Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.
         
         
1i. Cash and cash equivalents
         
  Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.
         
 
         
1j. Interest bearing borrowings
         
  All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.
         
         
1k. Leased assets
         
  Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.
         
 
         
         
1l. Pensions
         
  For a defined benefit scheme, the liability recorded in the balance sheet is the present value of the defined obligation at that date. The defined benefit obligation is calculated on an annual basis by independent actuaries.
         
  Actuarial gains and losses are recognised in full in the period in which they occur and are shown in Other Comprehensive Income.
         
  Current and past service costs, along with settlements or curtailments, are charged to the Income Statement. Interest on pension plan liabilities are recognised within finance expense.
         
  The notes on pages 5-8 form part of these financial statements
   
  page 6
  IMPACT FACILITIES MANAGEMENT LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 JULY 2023
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1m. Provisions
         
  Provisions are recognised when the Company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
         
       
       
2. DIRECTORS AND EMPLOYEES
       
  The average weekly number of employees during the year were as follows:
    2023 2022
    No. No.
  Average number of employees 4 3
   
           
3. PROPERTY, PLANT AND EQUIPMENT
      Plant & Fixtures &  
    Freehold Machinery Equipment Total
    £ £ £ £
  Cost
           
  At 1 August 2022 264,698 42,051 935 307,684
  Additions - 70,496 - 70,496
           
  At 31 July 2023 264,698 112,547 935 378,180
   
  Depreciation
           
  At 1 August 2022 33,749 27,204 935 61,888
  For the year 5,625 21,337 - 26,962
  At 31 July 2023 39,374 48,541 935 88,850
   
  Net Book Amounts
           
  At 31 July 2023 £225,324 £64,006 £- £289,330
  At 31 July 2022 £230,949 £14,847 £- £245,796
   
  The notes on pages 5-8 form part of these financial statements
   
  page 7
  IMPACT FACILITIES MANAGEMENT LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 JULY 2023
       
       
4. DEBTORS 2023 2022
    £ £
  Trade debtors 149,265 261,790
  Amounts owed by ICM 2,990 -
  Amounts owed by Plumtree Developmen 616,732 616,732
  Social security and other taxes 51,552 27,334
  Other debtors 21,939 23,559
    £842,478 £929,415
   
       
       
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2023 2022
    £ £
  Bank loans and overdrafts 28,354 22,983
  Finance leases and hire purchase contracts 5,833 -
  Trade creditors 188,509 206,428
  Amounts owed to group undertakings - 44,915
  Corporation tax 14,441 12,251
  Other taxes and social security 81,378 78,181
    £318,515 £364,758
   
       
       
       
6. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
    2023 2022
    £ £
  Bank loans and overdrafts 164,998 184,648
  Finance leases and hire purchase contracts 30,900 -
    £195,898 £184,648
   
       
       
  Analysis of borrowings:
       
  Due within five years:
  within 1 year
  bank 28,354 22,815
  leases 5,833 -
  within 1-2 years
  bank 164,998 184,648
  within 2-5 years
  leases 30,900 -
    £230,085 £207,463
   
  The notes on pages 5-8 form part of these financial statements
   
  page 8