IMPETUS IP LIMITED

Company Registration Number:
04501392 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

IMPETUS IP LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

IMPETUS IP LIMITED

Company Information

for the Period Ended 31 July 2023




Registered office: Office One
Ridgecombe Farm
Lifton
GBR
PL16 0HD
Company Registration Number: 04501392 (England and Wales)

IMPETUS IP LIMITED

Balance sheet

As at 31 July 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 141,104 140,975
Total fixed assets: 141,104 140,975
Current assets
Debtors: 5 99,757 72,316
Cash at bank and in hand: 55,194 46,366
Total current assets: 154,951 118,682
Creditors: amounts falling due within one year: 6 ( 114,347 ) ( 86,566 )
Net current assets (liabilities): 40,604 32,116
Total assets less current liabilities: 181,708 173,091
Creditors: amounts falling due after more than one year: 7 ( 93,885 ) ( 89,300 )
Total net assets (liabilities): 87,823 83,791

The notes form part of these financial statements

IMPETUS IP LIMITED

Balance sheet continued

As at 31 July 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 87,723 83,691
Shareholders funds: 87,823 83,791

For the year ending 31 July 2023 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 27 March 2024
And Signed On Behalf Of The Board By:

Name: S C Grant
Status: Director

Name: L Basford
Status: Director

The notes form part of these financial statements

IMPETUS IP LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    The financial statements are prepared under the historical cost convention and include the results of the company's operations as indicated in the director's report, all of which are continuing.

IMPETUS IP LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 10 9

IMPETUS IP LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 3. Off balance sheet disclosure

    No

IMPETUS IP LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Tangible assets

Office equipment Motor vehicles Total
Cost £ £ £
At 01 August 2022 34,045 145,103 179,148
Additions 375 33,417 33,792
Disposals ( 2,108 ) - ( 2,108 )
Revaluations - - -
Transfers - - -
At 31 July 2023 32,312 178,520 210,832
Depreciation
At 01 August 2022 30,501 7,672 38,173
Charge for year 1,804 31,859 33,663
On disposals ( 2,108 ) - ( 2,108 )
Other adjustments - - -
At 31 July 2023 30,197 39,531 69,728
Net book value
At 31 July 2023 2,115 138,989 141,104
At 31 July 2022 3,544 137,431 140,975

IMPETUS IP LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Debtors


2023
£

2022
£
Trade debtors 90,572 69,914
Prepayments and accrued income 9,185 2,402
Total 99,757 72,316

IMPETUS IP LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Amounts due under finance leases and hire purchase contracts 16,324 13,587
Trade creditors 12,867 3,634
Taxation and social security 83,301 67,055
Other creditors 1,855 2,290
Total 114,347 86,566

IMPETUS IP LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

7.Creditors: amounts falling due after more than one year


2023
£

2022
£
Amounts due under finance leases and hire purchase contracts 93,885 89,300
Total 93,885 89,300