IRIS Accounts Production v24.2.0.383 04939219 director 1.9.22 31.8.23 31.8.23 false true false false false true false Ordinary A 0.01000 Ordinary B 0.01000 Ordinary C 0.01000 Ordinary D 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049392192022-08-31049392192023-08-31049392192022-09-012023-08-31049392192021-08-31049392192021-09-012022-08-31049392192022-08-3104939219ns15:EnglandWales2022-09-012023-08-3104939219ns14:PoundSterling2022-09-012023-08-3104939219ns10:Director12022-09-012023-08-3104939219ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3104939219ns10:SmallEntities2022-09-012023-08-3104939219ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3104939219ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3104939219ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3104939219ns10:AbridgedAccounts2022-09-012023-08-310493921912022-09-012023-08-3104939219ns10:OrdinaryShareClass12022-09-012023-08-3104939219ns10:OrdinaryShareClass22022-09-012023-08-3104939219ns10:OrdinaryShareClass32022-09-012023-08-3104939219ns10:OrdinaryShareClass42022-09-012023-08-3104939219ns10:RegisteredOffice2022-09-012023-08-3104939219ns5:CurrentFinancialInstruments2023-08-3104939219ns5:CurrentFinancialInstruments2022-08-3104939219ns5:Non-currentFinancialInstruments2023-08-3104939219ns5:Non-currentFinancialInstruments2022-08-3104939219ns5:ShareCapital2023-08-3104939219ns5:ShareCapital2022-08-3104939219ns5:RetainedEarningsAccumulatedLosses2023-08-3104939219ns5:RetainedEarningsAccumulatedLosses2022-08-3104939219ns5:NetGoodwill2022-09-012023-08-3104939219ns5:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3104939219ns5:ComputerSoftware2022-09-012023-08-3104939219ns5:LeaseholdImprovements2022-09-012023-08-3104939219ns5:PlantMachinery2022-09-012023-08-3104939219ns5:FurnitureFittings2022-09-012023-08-3104939219ns5:MotorVehicles2022-09-012023-08-3104939219ns10:OrdinaryShareClass12023-08-3104939219ns10:OrdinaryShareClass22023-08-3104939219ns10:OrdinaryShareClass32023-08-3104939219ns10:OrdinaryShareClass42023-08-31
REGISTERED NUMBER: 04939219 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2023

FOR

IMPACT INSURANCE SERVICES (BOLTON) LTD

IMPACT INSURANCE SERVICES (BOLTON) LTD (REGISTERED NUMBER: 04939219)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


IMPACT INSURANCE SERVICES (BOLTON) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2023







DIRECTOR: Mrs M Griffiths





REGISTERED OFFICE: 67 Chorley Old Road
Bolton
BL1 3AJ





REGISTERED NUMBER: 04939219 (England and Wales)





ACCOUNTANTS: Ryans
Chartered Accountants
67 Chorley Old Road
Bolton
BL1 3AJ

IMPACT INSURANCE SERVICES (BOLTON) LTD (REGISTERED NUMBER: 04939219)

ABRIDGED BALANCE SHEET
31ST AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 223,341 288,960
223,341 288,960

CURRENT ASSETS
Debtors 1,561,561 1,518,379
Cash at bank and in hand 238,904 163,322
1,800,465 1,681,701
CREDITORS
Amounts falling due within one year 344,983 306,501
NET CURRENT ASSETS 1,455,482 1,375,200
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,678,823

1,664,160

CREDITORS
Amounts falling due after more than one
year

(151,043

)

(218,533

)

PROVISIONS FOR LIABILITIES (54,756 ) (60,992 )
NET ASSETS 1,473,024 1,384,635

CAPITAL AND RESERVES
Called up share capital 7 20 20
Retained earnings 1,473,004 1,384,615
SHAREHOLDERS' FUNDS 1,473,024 1,384,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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 financial statements, so far as applicable to the company.

IMPACT INSURANCE SERVICES (BOLTON) LTD (REGISTERED NUMBER: 04939219)

ABRIDGED BALANCE SHEET - continued
31ST AUGUST 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15th August 2024 and were signed by:





Mrs M Griffiths - Director


IMPACT INSURANCE SERVICES (BOLTON) LTD (REGISTERED NUMBER: 04939219)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023

1. STATUTORY INFORMATION

Impact Insurance Services (Bolton) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2004 and 2009 has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


IMPACT INSURANCE SERVICES (BOLTON) LTD (REGISTERED NUMBER: 04939219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st September 2022
and 31st August 2023 59,701
AMORTISATION
At 1st September 2022
and 31st August 2023 59,701
NET BOOK VALUE

At 31st August 2023 -
At 31st August 2022 -

IMPACT INSURANCE SERVICES (BOLTON) LTD (REGISTERED NUMBER: 04939219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st September 2022 446,016
Additions 2,807
At 31st August 2023 448,823
DEPRECIATION
At 1st September 2022 157,056
Charge for year 68,426
At 31st August 2023 225,482
NET BOOK VALUE
At 31st August 2023 223,341
At 31st August 2022 288,960

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1st September 2022
and 31st August 2023 349,202
DEPRECIATION
At 1st September 2022 103,553
Charge for year 61,412
At 31st August 2023 164,965
NET BOOK VALUE
At 31st August 2023 184,237
At 31st August 2022 245,649

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 218,534 264,590

IMPACT INSURANCE SERVICES (BOLTON) LTD (REGISTERED NUMBER: 04939219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
673 Ordinary A 1p 6 6
1,000 Ordinary B 1p 10 10
60 Ordinary C 1p 1 1
267 Ordinary D 1p 3 3
20 20

8. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr J S Griffiths who has a beneficial interest in the majority of the issued share capital.