Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2023-02-01falseNo description of principal activity3033truefalse 01984714 2023-02-01 2024-01-31 01984714 2022-02-01 2023-01-31 01984714 2024-01-31 01984714 2023-01-31 01984714 c:Director1 2023-02-01 2024-01-31 01984714 d:PlantMachinery 2023-02-01 2024-01-31 01984714 d:PlantMachinery 2024-01-31 01984714 d:PlantMachinery 2023-01-31 01984714 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 01984714 d:MotorVehicles 2023-02-01 2024-01-31 01984714 d:MotorVehicles 2024-01-31 01984714 d:MotorVehicles 2023-01-31 01984714 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 01984714 d:FurnitureFittings 2023-02-01 2024-01-31 01984714 d:FurnitureFittings 2024-01-31 01984714 d:FurnitureFittings 2023-01-31 01984714 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 01984714 d:ComputerEquipment 2023-02-01 2024-01-31 01984714 d:ComputerEquipment 2024-01-31 01984714 d:ComputerEquipment 2023-01-31 01984714 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 01984714 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 01984714 d:CurrentFinancialInstruments 2024-01-31 01984714 d:CurrentFinancialInstruments 2023-01-31 01984714 d:Non-currentFinancialInstruments 2024-01-31 01984714 d:Non-currentFinancialInstruments 2023-01-31 01984714 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 01984714 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 01984714 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 01984714 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 01984714 d:ShareCapital 2024-01-31 01984714 d:ShareCapital 2023-01-31 01984714 d:RetainedEarningsAccumulatedLosses 2024-01-31 01984714 d:RetainedEarningsAccumulatedLosses 2023-01-31 01984714 c:FRS102 2023-02-01 2024-01-31 01984714 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 01984714 c:FullAccounts 2023-02-01 2024-01-31 01984714 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 01984714 d:WithinOneYear 2024-01-31 01984714 d:WithinOneYear 2023-01-31 01984714 d:BetweenOneFiveYears 2024-01-31 01984714 d:BetweenOneFiveYears 2023-01-31 01984714 d:MoreThanFiveYears 2024-01-31 01984714 d:MoreThanFiveYears 2023-01-31 01984714 d:PlantEquipmentOtherAssetsUnderOperatingLeases 2024-01-31 01984714 d:PlantEquipmentOtherAssetsUnderOperatingLeases 2023-01-31 01984714 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:WithinOneYear 2024-01-31 01984714 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:WithinOneYear 2023-01-31 01984714 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:BetweenOneFiveYears 2024-01-31 01984714 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:BetweenOneFiveYears 2023-01-31 01984714 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 01984714 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 01984714 d:OtherDeferredTax 2024-01-31 01984714 d:OtherDeferredTax 2023-01-31 01984714 2 2023-02-01 2024-01-31 01984714 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-01-31 01984714 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-01-31 01984714 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2024-01-31 01984714 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-01-31 01984714 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 01984714










IMPULSE ENGINEERING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
IMPULSE ENGINEERING LIMITED
REGISTERED NUMBER: 01984714

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
53,403
57,135

Current assets
  

Stocks
  
230,146
120,074

Debtors: amounts falling due within one year
 5 
850,683
633,448

Cash at bank and in hand
  
1,274,938
952,358

  
2,355,767
1,705,880

Creditors: amounts falling due within one year
 6 
(985,843)
(595,049)

Net current assets
  
 
 
1,369,924
 
 
1,110,831

Total assets less current liabilities
  
1,423,327
1,167,966

Creditors: amounts falling due after more than one year
 7 
-
(3,692)

Provisions for liabilities
  

Deferred tax
 8 
(4,238)
(4,571)

Net assets
  
1,419,089
1,159,703


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
1,418,089
1,158,703

  
1,419,089
1,159,703


Page 1

 
IMPULSE ENGINEERING LIMITED
REGISTERED NUMBER: 01984714
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






E D Newman
Director

Date: 14 October 2024

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
IMPULSE ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Impulse Engineering Limited (registered number 1984714) is a private company, limited by shares and incorporated in England and Wales. Its registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.
The principal activity of the company continued to be that of providing specialist electrical engineering services including the installation, planned preventative maintenance and repairs to fire, security and low voltage electrical installations. Impulse Engineering Limited holds UKAS accredited ISO9001, ISO14001, NICEIC, BAFE SP203-1&4, SP101 and is a NSi Gold certified company. These third party accreditations are authorised by NSi.
The full scope of these licences covers the supply, installation, commissioning and servicing of fire detection alarm and extinguishing systems, including portable and fixed fire extinguishers, intruder detection, systems, CCTV and access control security systems together with the installation of low voltage electrical installations and equipment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
Page 3

 
IMPULSE ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.2
Turnover (continued)

the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either the straight line or reducing balance method.

Depreciation is provided on the following basis:

Plant & machinery
-
20%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures & fittings
-
20%
reducing balance
Computer equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
IMPULSE ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.10

Pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.
 

 
2.11

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
IMPULSE ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 6

 
IMPULSE ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.14

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 30 (2023 - 33).

Page 7

 
IMPULSE ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 February 2023
124,852
57,454
18,219
52,730
253,255


Additions
5,766
-
-
8,110
13,876


Disposals
(483)
(13,645)
(152)
(313)
(14,593)



At 31 January 2024

130,135
43,809
18,067
60,527
252,538



Depreciation


At 1 February 2023
105,098
34,487
14,011
42,525
196,121


Charge for the year on owned assets
4,373
5,746
893
5,316
16,328


Disposals
(338)
(12,533)
(130)
(313)
(13,314)



At 31 January 2024

109,133
27,700
14,774
47,528
199,135



Net book value



At 31 January 2024
21,002
16,109
3,293
12,999
53,403



At 31 January 2023
19,755
22,967
4,208
10,205
57,135

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
14,349
19,133

Plant and machinery
357
447

Page 8

 
IMPULSE ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
766,406
612,090

Other debtors
57,152
13,708

Prepayments and accrued income
27,125
7,650

850,683
633,448



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
456,008
244,375

Amounts owed to group undertakings
64,100
36,307

Corporation tax
167,866
95,695

Other taxation and social security
189,091
138,477

Obligations under finance lease and hire purchase contracts
3,691
3,501

Accruals and deferred income
105,087
76,694

985,843
595,049



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
-
3,692



8.


Deferred taxation




2024


£






At beginning of year
(4,571)


Charged to profit or loss
333



At end of year
(4,238)

Page 9

 
IMPULSE ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
 
8.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(12,988)
(13,321)

Other short term timing differences
8,750
8,750

(4,238)
(4,571)


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £32,973 (2023 - £30,922). Contributions totalling £Nil (2023: £Nil) were payable to the fund at the balance sheet date.


10.


Commitments under operating leases

At 31 January 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£

Land and Buildings


Not later than 1 year
36,299
12,082

Later than 1 year and not later than 5 years
145,194
-

Later than 5 years
163,343
-

344,836
12,082

2024
2023

£
£

Other


Not later than 1 year
74,582
57,211

Later than 1 year and not later than 5 years
103,079
104,609

177,661
161,820

Page 10

 
IMPULSE ENGINEERING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

11.


Related party transactions

During the year the company were under the control of E D Newman and D Newman, majority shareholders in the parent company Impulse Engineering (Holdings) Limited.
The company has taken advantage of the exemption available under FRS102 not to disclose transactions with group undertakings.


12.


Controlling party

The ultimate parent company is Impulse Engineering (Holdings) Limited which owns 100% of the share capital of Impulse Engineering Limited.

 
Page 11