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Registered number: 03611271
BSM impact Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03611271
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 82,426 99,031
Cash at bank and in hand 4,198 25,438
86,624 124,469
Creditors: Amounts Falling Due Within One Year 6 (118,002 ) (137,397 )
NET CURRENT ASSETS (LIABILITIES) (31,378 ) (12,928 )
TOTAL ASSETS LESS CURRENT LIABILITIES (31,378 ) (12,928 )
NET LIABILITIES (31,378 ) (12,928 )
CAPITAL AND RESERVES
Called up share capital 7 150 150
Profit and Loss Account (31,528 ) (13,078 )
SHAREHOLDERS' FUNDS (31,378) (12,928)
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For the year ending 31 July 2023 the company was entitled to exemption from audit 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
E Burrows
Director
18/04/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
BSM impact Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03611271 . The registered office is Bank House, 81 St Judes Road, Englefield Green, Surrey, TW20 0DF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment -
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 2)
1 2
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2022 6,216
As at 31 July 2023 6,216
Depreciation
As at 1 August 2022 6,216
As at 31 July 2023 6,216
Net Book Value
As at 31 July 2023 -
As at 1 August 2022 -
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 39,915 11,764
Prepayments and accrued income 36,540 79,069
Other debtors 5 5
VAT - 103
Amounts owed by group undertakings 5,966 8,090
82,426 99,031
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 7,108 7,921
Other taxes and social security 2,680 1,466
VAT 4,935 -
Net wages 14,560 4,342
Other creditors 257 1,030
Client Deposits 360 360
Accruals 2,000 2,000
Deferred income 53,381 87,666
Directors' loan accounts 32,721 32,612
118,002 137,397
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7. Share Capital
2023 2022
Allotted, called up and fully paid £ £
150 Ordinary Shares of £ 1 each 150 150
8. Ultimate Controlling Party
The company's ultimate controlling party is the company director. 
9. Taxation
The company has carried forward tax losses of £206,902 (2022 - £188,452) which it can use against future taxable profits.
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