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REGISTERED NUMBER: 04125748 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 July 2024

for

Impact Foiling Limited

Impact Foiling Limited (Registered number: 04125748)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Impact Foiling Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: M J Boon





SECRETARY: M J Boon





REGISTERED OFFICE: Unit 2 Harding Street
Leicester
Leicestershire
LE1 4DH





REGISTERED NUMBER: 04125748 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Impact Foiling Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Impact Foiling Limited for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Impact Foiling Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Impact Foiling Limited and state those matters that we have agreed to state to the director of Impact Foiling Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Impact Foiling Limited and its director for our work or for this report.

It is your duty to ensure that Impact Foiling Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Impact Foiling Limited. You consider that Impact Foiling Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Impact Foiling Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


11 April 2025

Impact Foiling Limited (Registered number: 04125748)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 850,713 959,234

CURRENT ASSETS
Stocks 20,950 19,052
Debtors 5 647,295 365,925
Cash at bank 11,791 7,927
680,036 392,904
CREDITORS
Amounts falling due within one year 6 1,048,220 691,248
NET CURRENT LIABILITIES (368,184 ) (298,344 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

482,529

660,890

CREDITORS
Amounts falling due after more than
one year

7

(221,504

)

(308,014

)

PROVISIONS FOR LIABILITIES (192,341 ) (217,831 )
NET ASSETS 68,684 135,045

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 68,584 134,945
SHAREHOLDERS' FUNDS 68,684 135,045

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Foiling Limited (Registered number: 04125748)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 April 2025 and were signed by:





M J Boon - Director


Impact Foiling Limited (Registered number: 04125748)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

Impact Foiling 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.

Changes in accounting policies
Plant and machinery was previously held at valuation, and was last valued by the director at 31 May 2023.

The latest valuation has been taken as the deemed cost, and the assets are now being depreciated based on the deemed cost.

Turnover
Turnover represents net invoiced sales, excluding value added tax.

Turnover is recognised at the point at which the processes have been completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 10% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% straight line basis

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.


Impact Foiling Limited (Registered number: 04125748)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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 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.

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.

Grant income
Grants receivable relating to revenue expenditure are included in the period to which they relate.

Capital grants are written off over the expected life of the relevant assets.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023
and 31 July 2024 6,428 921,264 77,613 6,922 1,012,227
DEPRECIATION
At 1 August 2023 1,393 - 44,907 6,693 52,993
Charge for year 643 92,126 15,523 229 108,521
At 31 July 2024 2,036 92,126 60,430 6,922 161,514
NET BOOK VALUE
At 31 July 2024 4,392 829,138 17,183 - 850,713
At 31 July 2023 5,035 921,264 32,706 229 959,234

Impact Foiling Limited (Registered number: 04125748)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 521,027 236,821
Other debtors 15,550 3,622
Directors' current accounts 75,824 70,771
S455 tax recoverable 23,001 43,963
Prepayments and accrued income 11,893 10,748
647,295 365,925

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 117,434 128,201
Trade creditors 121,265 42,586
Corporation tax 35,123 46,633
Social security and other taxes 87,651 29,224
VAT 220,275 212,041
Other creditors 6,080 -
Invoice financing 440,663 190,351
Deferred grant income - 5,000
Accruals and deferred income 9,729 27,212
1,048,220 691,248

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans - 1-2 years 18,333 23,333
Hire purchase contracts 203,171 280,514
Deferred grant income - 4,167
221,504 308,014

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Hire purchase contracts 320,605 408,715
Invoice financing 440,663 190,351
761,268 599,066

The hire purchase agreements are secured on the specific assets to which they relate.

The invoice financing facility is secured on the debts to which the loans relate.

Impact Foiling Limited (Registered number: 04125748)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
80 Ordinary A £1 80 80
20 Ordinary B £1 20 20
100 100

10. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £270,334 (2023: £12,500).

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 July 2024 and the period ended 31 July 2023:

31.7.24 31.7.23
£    £   
M J Boon
Balance outstanding at start of year 70,771 95,201
Amounts advanced 5,053 16,371
Amounts repaid - (40,801 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 75,824 70,771

The loan is on an interest free basis and is repayable on demand.