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COMPANY REGISTRATION NUMBER: 00665193
Impulse Automation Limited
Filleted Unaudited Financial Statements
31 December 2023
Impulse Automation Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
2,192
3,365
Current assets
Stocks
372,102
237,215
Debtors
6
107,453
192,755
Cash at bank and in hand
634,915
822,624
------------
------------
1,114,470
1,252,594
Creditors: amounts falling due within one year
7
267,581
493,179
------------
------------
Net current assets
846,889
759,415
---------
---------
Total assets less current liabilities
849,081
762,780
---------
---------
Net assets
849,081
762,780
---------
---------
Capital and reserves
Called up share capital
55,565
71,485
Capital redemption reserve
65,435
49,515
Profit and loss account
728,081
641,780
---------
---------
Shareholders funds
849,081
762,780
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Impulse Automation Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 15 May 2024 , and are signed on behalf of the board by:
R Dunn
Director
Company registration number: 00665193
Impulse Automation Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 6 Focus 303, Focus Way, Walworth Business Park, Andover, Hampshire, SP10 5NY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Pension contributions
The company makes defined contributions to the personal pension schemes of some of its employees. Contributions are charged to the profit and loss account as they are made.
Revenue recognition
Turnover represents the value, net of Value Added Tax, of goods sold and services provided to customers.
Taxation
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment
-
10% reducing balance
Computer equipment
-
25% straight line
Stocks
Stock is valued at the lower of cost and net realisable value. Assembly overheads are not included as they are immaterial. Net realisable value is based upon estimated selling price less further costs expected to be incurred to completion and disposal. Provision is made for obsolete and slow-moving items
Defined contribution plans
The company contributes to the pension schemes of the directors and staff on a money purchase basis. Contributions are charged to the profit and loss account in the period to which they relate.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 3 ).
5. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 January 2023
17,009
17,187
34,196
Additions
67
584
651
--------
--------
--------
At 31 December 2023
17,076
17,771
34,847
--------
--------
--------
Depreciation
At 1 January 2023
14,961
15,870
30,831
Charge for the year
408
1,416
1,824
--------
--------
--------
At 31 December 2023
15,369
17,286
32,655
--------
--------
--------
Carrying amount
At 31 December 2023
1,707
485
2,192
--------
--------
--------
At 31 December 2022
2,048
1,317
3,365
--------
--------
--------
6. Debtors
2023
2022
£
£
Trade debtors
79,345
101,452
Other debtors
28,108
91,303
---------
---------
107,453
192,755
---------
---------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
133,026
399,770
Corporation tax
113,000
76,000
Social security and other taxes
3,259
6,024
Other creditors
18,296
11,385
---------
---------
267,581
493,179
---------
---------