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Company Registration No. 14088726 (England and Wales)
Impala Collective Ltd Unaudited accounts for the year ended 31 May 2024
Impala Collective Ltd Unaudited accounts Contents
Page
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Impala Collective Ltd Company Information for the year ended 31 May 2024
Director
Caroline Cooke
Company Number
14088726 (England and Wales)
Registered Office
86-90 Paul Street London EC2A 4NE United Kingdom
Accountants
Lilley & Co (UK) Limited Suite 8 57 High Street Ibstock Leicestershire LE67 6LH
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Impala Collective Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
48,817 
385 
Current assets
Debtors
- 
40,019 
Cash at bank and in hand
57,295 
64,761 
57,295 
104,780 
Creditors: amounts falling due within one year
(31,768)
(47,288)
Net current assets
25,527 
57,492 
Total assets less current liabilities
74,344 
57,877 
Creditors: amounts falling due after more than one year
(42,923)
- 
Provisions for liabilities
Deferred tax
(9,275)
(96)
Net assets
22,146 
57,781 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
22,145 
57,780 
Shareholders' funds
22,146 
57,781 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 February 2025 and were signed on its behalf by
Caroline Cooke Director Company Registration No. 14088726
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Impala Collective Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Impala Collective Ltd is a private company, limited by shares, registered in England and Wales, registration number 14088726. The registered office is 86-90 Paul Street, London, EC2A 4NE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. T
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Computer equipment
25% straight line
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Impala Collective Ltd Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
- 
415 
415 
Additions
58,580 
- 
58,580 
Disposals
- 
(415)
(415)
At 31 May 2024
58,580 
- 
58,580 
Depreciation
At 1 June 2023
- 
30 
30 
Charge for the year
9,763 
- 
9,763 
On disposals
- 
(30)
(30)
At 31 May 2024
9,763 
- 
9,763 
Net book value
At 31 May 2024
48,817 
- 
48,817 
At 31 May 2023
- 
385 
385 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
40,019 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,185 
19,998 
Obligations under finance leases and hire purchase contracts
8,438 
- 
Trade creditors
34 
- 
Taxes and social security
3,231 
27,090 
Loans from directors
16,767 
200 
Accruals
1,113 
- 
31,768 
47,288 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
42,923 
- 
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Impala Collective Ltd Notes to the Accounts for the year ended 31 May 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Caroline Cooke
Director
(200)
- 
16,567 
(16,767)
(200)
- 
16,567 
(16,767)
This amount is reflected in the director's loan accounts in credit balance, which is shown as Loans from directors under Creditors due within one year. Please be advised that the director has agreed to provide this loan on an interest free basis and the loan is repayable on demand.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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