IMPACT TRAINING SOLUTIONS LTD.

Company Registration Number:
SC254646 (Scotland)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 1 September 2022

End date: 31 August 2023

IMPACT TRAINING SOLUTIONS LTD.

Contents of the Financial Statements

for the Period Ended 31 August 2023

Balance sheet
Additional notes
Balance sheet notes

IMPACT TRAINING SOLUTIONS LTD.

Balance sheet

As at 31 August 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 4,109 5,448
Investments: 4 273,455 273,455
Total fixed assets: 277,564 278,903
Current assets
Debtors: 5 930,246 985,577
Cash at bank and in hand: 56,964 138,653
Total current assets: 987,210 1,124,230
Creditors: amounts falling due within one year: 6 ( 106,779 ) ( 72,412 )
Net current assets (liabilities): 880,431 1,051,818
Total assets less current liabilities: 1,157,995 1,330,721
Creditors: amounts falling due after more than one year: 7 ( 85,000 )
Provision for liabilities: ( 1,090 ) ( 1,090 )
Total net assets (liabilities): 1,071,905 1,329,631
Capital and reserves
Called up share capital: 140 140
Profit and loss account: 1,071,765 1,329,491
Total Shareholders' funds: 1,071,905 1,329,631

The notes form part of these financial statements

IMPACT TRAINING SOLUTIONS LTD.

Balance sheet statements

For the year ending 31 August 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 29 August 2024
and signed on behalf of the board by:

Name: Mr Colin Rae
Status: Director

The notes form part of these financial statements

IMPACT TRAINING SOLUTIONS LTD.

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows: Fixtures, fittings & equipment - 25% reducing balance

    Valuation information and policy

    Fixed asset investments are stated at historical costs less provision for any diminution in value.

IMPACT TRAINING SOLUTIONS LTD.

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 7 5

IMPACT TRAINING SOLUTIONS LTD.

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2022 44,364 44,364
Additions
Disposals
Revaluations
Transfers
At 31 August 2023 44,364 44,364
Depreciation
At 1 September 2022 38,916 38,916
Charge for year 1,339 1,339
On disposals
Other adjustments
At 31 August 2023 40,255 40,255
Net book value
At 31 August 2023 4,109 4,109
At 31 August 2022 5,448 5,448

IMPACT TRAINING SOLUTIONS LTD.

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Fixed assets investments note

The total value at 31 August 2023 was £273,455 (2022: £273,455).

IMPACT TRAINING SOLUTIONS LTD.

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Debtors

2023 2022
£ £
Trade debtors 6,755 54,137
Other debtors 923,491 931,440
Total 930,246 985,577

IMPACT TRAINING SOLUTIONS LTD.

Notes to the Financial Statements

for the Period Ended 31 August 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 12,593 18,898
Taxation and social security 9,725 25,491
Accruals and deferred income 9,360 9,360
Other creditors 75,101 18,663
Total 106,779 72,412

IMPACT TRAINING SOLUTIONS LTD.

Notes to the Financial Statements

for the Period Ended 31 August 2023

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

2023
£
Other creditors 85,000
Total 85,000

IMPACT TRAINING SOLUTIONS LTD.

Notes to the Financial Statements

for the Period Ended 31 August 2023

8. Loans to directors

Name of director receiving advance or credit:
Description of the transaction:
Directors' Loan Account
£
Balance at 31 August 2022 635,520
Advances or credits made: 40,698
Advances or credits repaid:
Balance at 31 August 2023 676,218

Advances to the director of £40,698 will be repaid within 9 months of the year end.