5 01/02/2023 31/01/2024 2024-01-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-02-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 14627777 2023-02-01 2024-01-31 14627777 2024-01-31 14627777 2023-01-31 14627777 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 14627777 core:MotorVehicles 2023-02-01 2024-01-31 14627777 bus:RegisteredOffice 2023-02-01 2024-01-31 14627777 bus:LeadAgentIfApplicable 2023-02-01 2024-01-31 14627777 bus:Director1 2023-02-01 2024-01-31 14627777 bus:Director2 2023-02-01 2024-01-31 14627777 bus:Director3 2023-02-01 2024-01-31 14627777 bus:CompanySecretary1 2023-02-01 2024-01-31 14627777 core:FurnitureFittingsToolsEquipment 2024-01-31 14627777 core:AfterOneYear 2024-01-31 14627777 core:ShareCapital 2023-02-01 2024-01-31 14627777 core:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 14627777 core:WithinOneYear 2024-01-31 14627777 core:ShareCapital 2024-01-31 14627777 core:RetainedEarningsAccumulatedLosses 2024-01-31 14627777 core:PreviouslyStatedAmount core:ShareCapital 2024-01-31 14627777 bus:SmallEntities 2023-02-01 2024-01-31 14627777 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 14627777 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 14627777 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 14627777 bus:FullAccounts 2023-02-01 2024-01-31
Company registration number: 14627777
Impact Operations Limited
Unaudited filleted financial statements
31 January 2024
Impact Operations Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Impact Operations Limited
Directors and other information
Directors J Axford
S Elsholz
L Leeke
Secretary J Axford
Company number 14627777
Registered office 20 Sunningdale Close
Stanmore
HA7 3QL
Accountant Passer & Co
20 Sunningdale Close
Stanmore
HA7 3QL
Impact Operations Limited
Statement of financial position
31 January 2024
2024
Note £ £
Fixed assets
Tangible assets 5 1,157
_______
1,157
Current assets
Debtors 6 61,677
Cash at bank and in hand 51,351
_______
113,028
Creditors: amounts falling due
within one year 7 ( 15,335)
_______
Net current assets 97,693
_______
Total assets less current liabilities 98,850
Creditors: amounts falling due
after more than one year 8 ( 150,000)
_______
Net liabilities ( 51,150)
_______
Capital and reserves
Called up share capital 100
Profit and loss account ( 51,250)
_______
Shareholders deficit ( 51,150)
_______
For the year ending 31 January 2024 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.
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 comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 07 October 2024 , and are signed on behalf of the board by:
J Axford
Director
Company registration number: 14627777
Impact Operations Limited
Statement of changes in equity
Year ended 31 January 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 February 2023 - - -
Loss for the year ( 51,250) ( 51,250)
_______ _______ _______
Total comprehensive income for the year - ( 51,250) ( 51,250)
Issue of shares 100 100
_______ _______ _______
Total investments by and distributions to owners 100 - 100
_______ _______ _______
At 31 January 2024 100 ( 51,250) ( 51,150)
_______ _______ _______
Impact Operations Limited
Notes to the financial statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 Sunningdale Close, Stanmore, HA7 3QL.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
Turnover represents gross invoiced sales of services, less VAT
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % straight line
Motor vehicles - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Grants
Grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Grants are recognised using the accrual model and the performance model. Under the accrual model, grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 February 2023 - -
Additions 1,542 1,542
_______ _______
At 31 January 2024 1,542 1,542
_______ _______
Depreciation
At 1 February 2023 - -
Charge for the year 385 385
_______ _______
At 31 January 2024 385 385
_______ _______
Carrying amount
At 31 January 2024 1,157 1,157
_______ _______
6. Debtors
2024
£
Trade debtors 34,775
Other debtors 26,902
_______
61,677
_______
7. Creditors: amounts falling due within one year
2024
£
Trade creditors 8,897
Social security and other taxes 5,400
Other creditors 1,038
_______
15,335
_______
8. Creditors: amounts falling due after more than one year
2024
£
Bank loans and overdrafts 150,000
_______
9. Controlling party
The Company is controlled by its Directors by virtue of their shareholding.