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REGISTERED NUMBER: 06874077 (England and Wales)



















IMPACT SURVEYS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






IMPACT SURVEYS LIMITED (REGISTERED NUMBER: 06874077)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


IMPACT SURVEYS LIMITED (REGISTERED NUMBER: 06874077)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,641 70,500

CURRENT ASSETS
Stocks 1,000 5,000
Debtors 5 2,279 2,826
Cash at bank 48,822 78,647
52,101 86,473
CREDITORS
Amounts falling due within one year 6 94,798 85,034
NET CURRENT (LIABILITIES)/ASSETS (42,697 ) 1,439
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,944

71,939

CREDITORS
Amounts falling due after more than one
year

7

(53,219

)

(58,185

)

PROVISIONS FOR LIABILITIES (10,952 ) (13,395 )
NET (LIABILITIES)/ASSETS (49,227 ) 359

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings (49,231 ) 355
SHAREHOLDERS' FUNDS (49,227 ) 359

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 her 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 SURVEYS LIMITED (REGISTERED NUMBER: 06874077)

BALANCE SHEET - continued
31 MARCH 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 December 2024 and were signed by:





Mrs N Blythe - Director


IMPACT SURVEYS LIMITED (REGISTERED NUMBER: 06874077)

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

1. STATUTORY INFORMATION

Impact Surveys Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06874077

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
SG4 0TY

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The director is of the opinion that it is appropriate to prepare the accounts on the going concern basis, because she has confirmed her continued support for the company for the foreseeable future.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director’s opinion, there are no significant judgements or key sources of estimation uncertainty.

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.
Plant and machinery etc - 25% on cost and 20% on cost

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

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

IMPACT SURVEYS LIMITED (REGISTERED NUMBER: 06874077)

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 Profit and Loss Account, 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 - 2 ) .

IMPACT SURVEYS LIMITED (REGISTERED NUMBER: 06874077)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 117,009
Additions 41,626
Disposals (57,000 )
At 31 March 2024 101,635
DEPRECIATION
At 1 April 2023 46,509
Charge for year 12,975
Eliminated on disposal (15,490 )
At 31 March 2024 43,994
NET BOOK VALUE
At 31 March 2024 57,641
At 31 March 2023 70,500

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

Plant and
machinery
etc
£   
COST
At 1 April 2023 36,500
Additions 40,118
Disposals (20,500 )
At 31 March 2024 56,118
DEPRECIATION
At 1 April 2023 5,563
Charge for year 7,343
Eliminated on disposal (2,563 )
At 31 March 2024 10,343
NET BOOK VALUE
At 31 March 2024 45,775
At 31 March 2023 30,937

IMPACT SURVEYS LIMITED (REGISTERED NUMBER: 06874077)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 497 2,814
Other debtors 1,782 12
2,279 2,826

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 5,000
Hire purchase contracts (see note 8) 5,764 8,945
Trade creditors 17,368 20,968
Taxation and social security 17,913 35,019
Other creditors 53,753 15,102
94,798 85,034

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,915 10,833
Hire purchase contracts (see note 8) 40,304 47,352
53,219 58,185

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Gross obligations repayable:
Within one year 10,809 13,142
Between one and five years 46,787 52,891
57,596 66,033

Finance charges repayable:
Within one year 5,045 4,197
Between one and five years 6,483 5,539
11,528 9,736

Net obligations repayable:
Within one year 5,764 8,945
Between one and five years 40,304 47,352
46,068 56,297

IMPACT SURVEYS LIMITED (REGISTERED NUMBER: 06874077)

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

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mrs N Blythe
Balance outstanding at start of year (8,221 ) 7,064
Amounts advanced 55,783 78,790
Amounts repaid (90,101 ) (94,075 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (42,539 ) (8,221 )

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £12,000 (2023 - £25,000) was paid to a close family member of the director.

At the balance sheet date, included in other creditors is an amount of £42,539 (2023 - £8,221) owed to the
director of the company.This unsecured loan is repayable on demand and interest is charged at 0%.

The director has given a personal guarantee against the bank borrowings of the company.