Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292023-03-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09116496 2023-03-01 2024-02-29 09116496 2022-03-01 2023-02-28 09116496 2024-02-29 09116496 2023-02-28 09116496 c:Director1 2023-03-01 2024-02-29 09116496 d:OfficeEquipment 2023-03-01 2024-02-29 09116496 d:OfficeEquipment 2024-02-29 09116496 d:OfficeEquipment 2023-02-28 09116496 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 09116496 d:CurrentFinancialInstruments 2024-02-29 09116496 d:CurrentFinancialInstruments 2023-02-28 09116496 d:Non-currentFinancialInstruments 2024-02-29 09116496 d:Non-currentFinancialInstruments 2023-02-28 09116496 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 09116496 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 09116496 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 09116496 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 09116496 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-02-29 09116496 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-02-28 09116496 d:ShareCapital 2024-02-29 09116496 d:ShareCapital 2023-02-28 09116496 d:SharePremium 2024-02-29 09116496 d:SharePremium 2023-02-28 09116496 d:RetainedEarningsAccumulatedLosses 2024-02-29 09116496 d:RetainedEarningsAccumulatedLosses 2023-02-28 09116496 c:OrdinaryShareClass2 2023-03-01 2024-02-29 09116496 c:OrdinaryShareClass2 2024-02-29 09116496 c:OrdinaryShareClass2 2023-02-28 09116496 c:OrdinaryShareClass3 2023-03-01 2024-02-29 09116496 c:OrdinaryShareClass3 2024-02-29 09116496 c:OrdinaryShareClass3 2023-02-28 09116496 c:FRS102 2023-03-01 2024-02-29 09116496 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09116496 c:FullAccounts 2023-03-01 2024-02-29 09116496 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09116496 2 2023-03-01 2024-02-29 09116496 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09116496









IMPACT RI LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
IMPACT RI LIMITED
REGISTERED NUMBER: 09116496

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,269
1,692

  
1,269
1,692

Current assets
  

Debtors: amounts falling due within one year
 5 
6,800
6,800

Cash at bank and in hand
 6 
136
50

  
6,936
6,850

Creditors: amounts falling due within one year
 7 
(83,144)
(60,140)

Net current liabilities
  
 
 
(76,208)
 
 
(53,290)

Total assets less current liabilities
  
(74,939)
(51,598)

Creditors: amounts falling due after more than one year
 8 
(2,965)
(4,731)

  

Net liabilities
  
(77,904)
(56,329)


Capital and reserves
  

Called up share capital 
 10 
123
123

Share premium account
  
366,860
366,860

Profit and loss account
  
(444,887)
(423,312)

  
(77,904)
(56,329)


Page 1

 
IMPACT RI LIMITED
REGISTERED NUMBER: 09116496
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 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 comprehensive income 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 on 15 November 2024.




Mark Steven Ricketts
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
IMPACT RI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Impact RI Limited is a limited company incorporated in England. The registered office is situated at The Old Tannery, Hensington Road, Woodstock, Oxon, OX20 1JL.

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

Going concern

The directors have confirmed that they will continue to provide financial support to the company and consider that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support were withdrawn.

 
2.3

Interest income

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

 
2.4

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.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

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.

Page 3

 
IMPACT RI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
Reducing balance

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
IMPACT RI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 March 2023
4,972



At 29 February 2024

4,972



Depreciation


At 1 March 2023
3,280


Charge for the year on owned assets
423



At 29 February 2024

3,703



Net book value



At 29 February 2024
1,269



At 28 February 2023
1,692


5.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
6,800
6,800

6,800
6,800



6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
136
50

136
50


Page 5

 
IMPACT RI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Bank loans
1,800
3,344

Other taxation and social security
127
793

Other creditors
72,117
47,603

Accruals and deferred income
9,100
8,400

83,144
60,140



8.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Bank loans
2,965
4,731

2,965
4,731



9.


Loans


Analysis of the maturity of loans is given below:


29 February
28 February
2024
2023
£
£

Amounts falling due within one year

Bank loans
1,800
3,344


1,800
3,344


Amounts falling due 2-5 years

Bank loans
2,965
4,731


2,965
4,731


4,765
8,075


Page 6

 
IMPACT RI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

10.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



11,587,695 (2023 - 11,587,695) A Ordinary shares of £0.00001 each
116
116
727,934 (2023 - 727,934) B Investment shares of £0.00001 each
7
7

123

123



11.Directors' personal guarantees

Mr M Ricketts and Ms D Barnes have jointly and severally guaranteed company bank loans with a limit of £25,000.


12.


Related party transactions

The directors are owed £63,571 (2023: £39,171) on directors' loan account. The loans are interest free and repayable on demand.


13.


Controlling party

No one person has overall control of the company.

 
Page 7