4 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 35,811 35,811 35,811 2,839,212 67,817 2,907,029 2,907,029 2,839,212 xbrli:pure xbrli:shares iso4217:GBP 07255800 2023-01-01 2023-12-31 07255800 2023-12-31 07255800 2022-12-31 07255800 2022-01-01 2022-12-31 07255800 2022-12-31 07255800 2021-12-31 07255800 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 07255800 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 07255800 bus:OrdinaryShareClass3 2023-01-01 2023-12-31 07255800 bus:OrdinaryShareClass4 2023-01-01 2023-12-31 07255800 bus:OrdinaryShareClass5 2023-01-01 2023-12-31 07255800 bus:Director1 2023-01-01 2023-12-31 07255800 core:PatentsTrademarksLicencesConcessionsSimilar 2023-01-01 2023-12-31 07255800 core:WithinOneYear 2023-12-31 07255800 core:WithinOneYear 2022-12-31 07255800 core:AfterOneYear 2023-12-31 07255800 core:AfterOneYear 2022-12-31 07255800 core:ShareCapital 2023-12-31 07255800 core:ShareCapital 2022-12-31 07255800 core:SharePremium 2023-12-31 07255800 core:SharePremium 2022-12-31 07255800 core:OtherReservesSubtotal 2023-12-31 07255800 core:OtherReservesSubtotal 2022-12-31 07255800 core:RetainedEarningsAccumulatedLosses 2023-12-31 07255800 core:RetainedEarningsAccumulatedLosses 2022-12-31 07255800 core:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 07255800 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 07255800 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-12-31 07255800 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 07255800 core:Non-currentFinancialInstruments 2023-12-31 07255800 core:Non-currentFinancialInstruments 2022-12-31 07255800 bus:SmallEntities 2023-01-01 2023-12-31 07255800 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 07255800 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07255800 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07255800 bus:FullAccounts 2023-01-01 2023-12-31 07255800 bus:OrdinaryShareClass1 2023-12-31 07255800 bus:OrdinaryShareClass1 2022-12-31 07255800 bus:OrdinaryShareClass2 2023-12-31 07255800 bus:OrdinaryShareClass2 2022-12-31 07255800 bus:OrdinaryShareClass3 2023-12-31 07255800 bus:OrdinaryShareClass3 2022-12-31 07255800 bus:OrdinaryShareClass4 2023-12-31 07255800 bus:OrdinaryShareClass4 2022-12-31 07255800 bus:OrdinaryShareClass5 2023-12-31 07255800 bus:OrdinaryShareClass5 2022-12-31 07255800 bus:AllOrdinaryShares 2023-12-31 07255800 bus:AllOrdinaryShares 2022-12-31
COMPANY REGISTRATION NUMBER: 07255800
Impulse Brands Group Ltd
Filleted Unaudited Financial Statements
31 December 2023
Impulse Brands Group Ltd
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Fixed asset investments
5
35,811
Investments
6
2,907,029
2,839,212
------------
------------
2,942,840
2,839,212
Current assets
Debtors
7
2,824,776
2,622,462
Cash at bank and in hand
166,431
276,510
------------
------------
2,991,207
2,898,972
Creditors: amounts falling due within one year
8
3,440
39,815
------------
------------
Net current assets
2,987,767
2,859,157
------------
------------
Total assets less current liabilities
5,930,607
5,698,369
Creditors: amounts falling due after more than one year
9
533,928
311,667
------------
------------
Net assets
5,396,679
5,386,702
------------
------------
Capital and reserves
Called up share capital
10
2,526
2,526
Share premium account
4,654,721
4,654,721
Other reserves
11,550
11,550
Profit and loss account
727,882
717,905
------------
------------
Shareholders funds
5,396,679
5,386,702
------------
------------
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 income and retained earnings 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 Brands Group Ltd
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 20 September 2024 , and are signed on behalf of the board by:
Mr A Khan Director
Company registration number: 07255800
Impulse Brands Group Ltd
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 125 Kingsway, London, WC2B 6NH, England.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company benefits from financial support from other group companies and shareholder loans. The director has received assurances that such support will continue to be available and so considers it appropriate that the accounts are prepared on a going concern basis.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Fixed asset investments
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Particulars of employees
The average number of persons employed by the company during the year amounted to 4 (2022: 4 ).
5. Fixed asset investments
Patents, trademarks and licences
£
Cost
Additions
35,811
--------
At 31 December 2023
35,811
--------
Amortisation
At 1 January 2023 and 31 December 2023
--------
Carrying amount
At 31 December 2023
35,811
--------
At 31 December 2022
--------
6. Investments
Shares in group undertakings
£
Cost
At 1 January 2023
2,839,212
Additions
67,817
------------
At 31 December 2023
2,907,029
------------
Impairment
At 1 January 2023 and 31 December 2023
------------
Carrying amount
At 31 December 2023
2,907,029
------------
At 31 December 2022
2,839,212
------------
7. Debtors
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
2,824,720
2,621,034
Other debtors
56
1,428
------------
------------
2,824,776
2,622,462
------------
------------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,856
( 1,343)
Amounts owed to group undertakings and undertakings in which the company has a participating interest
1,100
700
Social security and other taxes
458
Other creditors
484
40,000
-------
--------
3,440
39,815
-------
--------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
533,928
311,667
---------
---------
10. Called up share capital
Authorised share capital
2023
2022
No.
£
No.
£
Ordinary shares of £ 0.01 each
185,852
1,859
185,852
1,859
Ordinary 'A' shares of £ 1 each
1
1
1
1
Ordinary 'B' shares of £ 0.01 each
2,180
22
2,180
22
Ordinary 'C' shares of £ 0.01 each
55,215
552
55,215
552
Preference shares of £ 0.01 each
9,276
93
9,276
93
---------
-------
---------
-------
252,524
2,526
252,524
2,526
---------
-------
---------
-------
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 0.01 each
185,852
1,859
185,852
1,859
Ordinary 'A' shares of £ 1 each
1
1
1
1
Ordinary 'B' shares of £ 0.01 each
2,180
22
2,180
22
Ordinary 'C' shares of £ 0.01 each
55,215
552
55,215
552
Preference shares of £ 0.01 each
9,276
93
9,276
93
---------
-------
---------
-------
252,524
2,526
252,524
2,526
---------
-------
---------
-------
11. Related party transactions
The Company has taken advantage of the exemption available under paragraph 1AC.35 of FRS102 not to disclose transactions with fellow wholly-owned group companies.
12. Controlling party
The company is under the control of A Khan, director and majority shareholder.