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REGISTERED NUMBER: 03989023 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

IMPACT FLOORING SERVICES LIMITED

IMPACT FLOORING SERVICES LIMITED (REGISTERED NUMBER: 03989023)

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










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


IMPACT FLOORING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mr R D Kirkbride



SECRETARY: Mr R P Kirkbride



REGISTERED OFFICE: Impact House
Short Street
Nuneaton
Warwickshire
CV10 8JF



REGISTERED NUMBER: 03989023 (England and Wales)



ACCOUNTANTS: R Pau & Co Limited
Chartered Certified Accountants
12-16 Station Street East
Coventry
West Midlands
CV6 5FJ



BANKERS: HSBC Bank Plc
3a Queens Road
Nuneaton
Warwickshire
CV11 4EX

IMPACT FLOORING SERVICES LIMITED (REGISTERED NUMBER: 03989023)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 214,180 193,439

CURRENT ASSETS
Stocks 63,608 48,532
Debtors 685,388 623,877
Cash at bank 49,682 -
798,678 672,409
CREDITORS
Amounts falling due within one year 649,991 513,523
NET CURRENT ASSETS 148,687 158,886
TOTAL ASSETS LESS CURRENT
LIABILITIES

362,867

352,325

CREDITORS
Amounts falling due after more than one year (65,804 ) (81,156 )

PROVISIONS FOR LIABILITIES (4,947 ) (7,150 )
NET ASSETS 292,116 264,019

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 292,113 264,016
SHAREHOLDERS' FUNDS 292,116 264,019

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

IMPACT FLOORING SERVICES LIMITED (REGISTERED NUMBER: 03989023)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2024


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 November 2024 and were signed by:





Mr R D Kirkbride - Director


IMPACT FLOORING SERVICES LIMITED (REGISTERED NUMBER: 03989023)

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


1. STATUTORY INFORMATION

Impact Flooring Services 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.


IMPACT FLOORING SERVICES LIMITED (REGISTERED NUMBER: 03989023)

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


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2023 - 7 ) .

IMPACT FLOORING SERVICES LIMITED (REGISTERED NUMBER: 03989023)

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


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 667,956
Additions 96,463
Disposals (14,470 )
At 31 May 2024 749,949
DEPRECIATION
At 1 June 2023 474,517
Charge for year 73,147
Eliminated on disposal (11,895 )
At 31 May 2024 535,769
NET BOOK VALUE
At 31 May 2024 214,180
At 31 May 2023 193,439

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 June 2023 115,438
Additions 51,695
At 31 May 2024 167,133
DEPRECIATION
At 1 June 2023 47,162
Charge for year 29,993
At 31 May 2024 77,155
NET BOOK VALUE
At 31 May 2024 89,978
At 31 May 2023 68,276