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Registered Number: 12423411
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 January 2024

for

1MPACT SOLUTIONS LTD

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 26,168    32,594 
26,168    32,594 
Current assets      
Debtors 31,147    15,315 
Cash at bank and in hand 4,525    3,105 
35,672    18,420 
Creditors: amount falling due within one year (78,285)   (57,062)
Net current assets (42,613)   (38,642)
 
Total assets less current liabilities (16,445)   (6,048)
Creditors: amount falling due after more than one year   (768)
Provisions for liabilities (294)   (2,329)
Net assets (16,739)   (9,145)
 

Capital and reserves
     
Called up share capital 4 1    1 
Profit and loss account (16,740)   (9,146)
Shareholders' funds (16,739)   (9,145)
 


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The director of the company has elected not to include the Income Statement within the financial statements.
The financial statements were approved by the director on 26 September 2024 and were signed by:


-------------------------------
J Jackman
Director
1
General Information
1mpact Solutions Ltd is a company limited by shares and is incorporated in England and Wales. The address of the registered office is The Old Bakery House Alcester Road, Wythall, Birmingham, England, B47 6AJ. The nature of the company's operations and its principal activity was that of a property rental business and provision of property management services.
1.

Accounting policies

Significant accounting policies
The company's financial statements have been prepared in compliance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention and on a going concern basis. The financial statements comprise the unaudited financial statements of the company up to 31 January each year, and are stated in pound sterling, the company's functional and presentational currency.

The principal accounting policies applied in the preparation of these financial statements are set out below, these policies have been applied consistently to all the years presented, unless otherwise stated.
Going concern basis
The director has formed a judgement, at the time of approving the financial statements, that there is an expectation that the Company, with the support of its shareholders, has adequate resources to continue in operational existence for the foreseeable future being at least twelve months from the date of the financial statements. For this reason, they continue to adopt the going concern basis in preparing the financial statements as set out in the going concern section of the Directors' Report.
Turnover
Turnover comprises rental income receivable during the period.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 20% Reducing Balance
Fixtures and Fittings 20% Straight Line
Computer Equipment 33% Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees


Average number of employees during the year was 12 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 February 2023 13,600    37,932    1,948    53,480 
Additions   4,278      4,278 
Disposals      
At 31 January 2024 13,600    42,210    1,948    57,758 
Depreciation
At 01 February 2023 5,600    14,000    1,286    20,886 
Charge for year 1,600    8,442    662    10,704 
On disposals      
At 31 January 2024 7,200    22,442    1,948    31,590 
Net book values
Closing balance as at 31 January 2024 6,400    19,768      26,168 
Opening balance as at 01 February 2023 8,000    23,932    662    32,594 


4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1 Ordinary share of £1.00 each  
 

2