Impact Regulatory Services Limited 06180684 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is is that of regulatory consultants in the healthcare sector Digita Accounts Production Advanced 6.30.9574.0 true 06180684 2023-04-01 2024-03-31 06180684 2024-03-31 06180684 core:RetainedEarningsAccumulatedLosses 2024-03-31 06180684 core:ShareCapital 2024-03-31 06180684 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06180684 core:FurnitureFittings 2024-03-31 06180684 bus:SmallEntities 2023-04-01 2024-03-31 06180684 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06180684 bus:FullAccounts 2023-04-01 2024-03-31 06180684 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06180684 bus:RegisteredOffice 2023-04-01 2024-03-31 06180684 bus:Director1 2023-04-01 2024-03-31 06180684 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06180684 core:FurnitureFittings 2023-04-01 2024-03-31 06180684 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 06180684 countries:EnglandWales 2023-04-01 2024-03-31 06180684 2023-03-31 06180684 core:FurnitureFittings 2023-03-31 06180684 2022-04-01 2023-03-31 06180684 2023-03-31 06180684 core:RetainedEarningsAccumulatedLosses 2023-03-31 06180684 core:ShareCapital 2023-03-31 06180684 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06180684 core:FurnitureFittings 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 06180684

Impact Regulatory Services Limited
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 March 2024

 

Impact Regulatory Services Limited

(Registration number: 06180684)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

706

942

Current assets

 

Cash at bank and in hand

 

168,483

170,117

Creditors: Amounts falling due within one year

5

(1,861)

(2,814)

Net current assets

 

166,622

167,303

Net assets

 

167,328

168,245

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

167,327

168,244

Shareholders' funds

 

167,328

168,245

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the director on 20 September 2024
 

.........................................
Ms T Glennon
Director

 

Impact Regulatory Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY. United Kingdom.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of 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 assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fittings fixtures and equipment

25% reducing balance

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

 

Impact Regulatory Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 April 2023

4,811

4,811

At 31 March 2024

4,811

4,811

Depreciation

At 1 April 2023

3,869

3,869

Charge for the year

236

236

At 31 March 2024

4,105

4,105

Carrying amount

At 31 March 2024

706

706

At 31 March 2023

942

942

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Taxation and social security

58

61

Accruals and deferred income

1,153

1,153

Other creditors

650

1,600

1,861

2,814