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REGISTERED NUMBER: 05271424 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

IMPACT EXPRESS LIMITED

IMPACT EXPRESS LIMITED (REGISTERED NUMBER: 05271424)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IMPACT EXPRESS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr W A Jarvis





SECRETARY: Mr W A Jarvis





REGISTERED OFFICE: Unit 3 Thornhill Industrial Estate
Rotherham
South Yorkshire
S60 1LH





REGISTERED NUMBER: 05271424 (England and Wales)

IMPACT EXPRESS LIMITED (REGISTERED NUMBER: 05271424)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 119,314 133,495

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 5 76,445 66,630
Cash at bank 32,757 21,405
110,702 89,535
CREDITORS
Amounts falling due within one year 6 83,810 71,119
NET CURRENT ASSETS 26,892 18,416
TOTAL ASSETS LESS CURRENT LIABILITIES 146,206 151,911

CREDITORS
Amounts falling due after more than
one year

7

(38,480

)

(55,293

)

PROVISIONS FOR LIABILITIES (29,829 ) (33,374 )
NET ASSETS 77,897 63,244

CAPITAL AND RESERVES
Called up share capital 9 36,500 36,500
Retained earnings 41,397 26,744
SHAREHOLDERS' FUNDS 77,897 63,244

IMPACT EXPRESS LIMITED (REGISTERED NUMBER: 05271424)

BALANCE SHEET - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 11 October 2024 and were signed by:





Mr W A Jarvis - Director


IMPACT EXPRESS LIMITED (REGISTERED NUMBER: 05271424)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Impact Express Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

When the outcome of a transaction can be estimated reliably, turnover is recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Land & buildings- 2% on cost
Fixtures & fittings- 15% reducing balance
Plant & Machinery- 10% reducing balance
Motor Vehicles- 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


IMPACT EXPRESS LIMITED (REGISTERED NUMBER: 05271424)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

IMPACT EXPRESS LIMITED (REGISTERED NUMBER: 05271424)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 5,579 242,997 3,500 9,500 261,576
DEPRECIATION
At 1 April 2023 5,579 115,438 2,908 4,156 128,081
Charge for year - 12,756 89 1,336 14,181
At 31 March 2024 5,579 128,194 2,997 5,492 142,262
NET BOOK VALUE
At 31 March 2024 - 114,803 503 4,008 119,314
At 31 March 2023 - 127,559 592 5,344 133,495

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 76,739
DEPRECIATION
At 1 April 2023 7,674
Charge for year 6,907
At 31 March 2024 14,581
NET BOOK VALUE
At 31 March 2024 62,158
At 31 March 2023 69,065

IMPACT EXPRESS LIMITED (REGISTERED NUMBER: 05271424)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 76,445 66,630

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 3,000 3,000
Hire purchase contracts 17,666 20,446
Trade creditors 33,287 32,610
Corporation tax 14,552 3,326
Social security and other taxes 2,068 6,628
VAT 9,698 2,024
Other creditors 1,351 1,103
Directors' current accounts 363 157
Accruals and deferred income 1,825 1,825
83,810 71,119

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 6,250 9,250
Hire purchase contracts 32,230 46,043
38,480 55,293

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 49,896 66,489

The finance obtained and shown within the accounts is secured on the asset to which the finance relates.

IMPACT EXPRESS LIMITED (REGISTERED NUMBER: 05271424)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
36,500 Ordinary £1 36,500 36,500