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REGISTERED NUMBER: 02003562 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

IMPACT DUCTING SALES LIMITED

IMPACT DUCTING SALES LIMITED (REGISTERED NUMBER: 02003562)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IMPACT DUCTING SALES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mr MD Randell
Mr R Green
Mr O P Gratrix
Mr J A Perkins
Miss G R Squire



SECRETARY: Mr R Green



REGISTERED OFFICE: Impact House
45 Oakland Road
Leicester
LE2 6AN



REGISTERED NUMBER: 02003562 (England and Wales)



BANKERS: HSBC Plc
2-6 Gallowtree Gate
Leicester
Leicestershire
LE1 1DA

IMPACT DUCTING SALES LIMITED (REGISTERED NUMBER: 02003562)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 91,818 113,247

CURRENT ASSETS
Stocks 5 190,350 258,653
Debtors 6 1,727,291 631,550
Cash at bank and in hand 19,027 692,511
1,936,668 1,582,714
CREDITORS
Amounts falling due within one year 7 1,086,514 879,538
NET CURRENT ASSETS 850,154 703,176
TOTAL ASSETS LESS CURRENT
LIABILITIES

941,972

816,423

CREDITORS
Amounts falling due after more than one
year

8

(123,145

)

(24,955

)

PROVISIONS FOR LIABILITIES (22,955 ) (24,914 )
NET ASSETS 795,872 766,554

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 785,872 756,554
SHAREHOLDERS' FUNDS 795,872 766,554

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 DUCTING SALES LIMITED (REGISTERED NUMBER: 02003562)

BALANCE SHEET - continued
31 OCTOBER 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 Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:





Miss G R Squire - Director


IMPACT DUCTING SALES LIMITED (REGISTERED NUMBER: 02003562)

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


1. STATUTORY INFORMATION

Impact Ducting Sales 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Impact Ducting Sales Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Revenue comprises the fair value for the sale of goods excluding value added taxes and represents net invoice value less estimated rebates, returns and settlement discounts. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on receipt of the goods.

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.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - Straight line over 8 years
Fixtures and fittings - Straight line over 8 years
Office equipment - Straight line over 8 years
Computer equipment - At varying rates on cost

Stocks and work in progress
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.


IMPACT DUCTING SALES LIMITED (REGISTERED NUMBER: 02003562)

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


2. ACCOUNTING POLICIES - continued
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.

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 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 the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account 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 for the benefit of senior employees. The amount charged to the profit and loss account in respect of the pension cost is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments in the balance sheet.

Creditors
Short term trade 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 28 ) .

IMPACT DUCTING SALES LIMITED (REGISTERED NUMBER: 02003562)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Office Computer
machinery fittings equipment equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 598,613 44,525 15,629 37,857 696,624
Additions 7,990 250 - - 8,240
At 31 October 2024 606,603 44,775 15,629 37,857 704,864
DEPRECIATION
At 1 November 2023 492,746 42,324 10,541 37,766 583,377
Charge for year 27,081 633 1,881 74 29,669
At 31 October 2024 519,827 42,957 12,422 37,840 613,046
NET BOOK VALUE
At 31 October 2024 86,776 1,818 3,207 17 91,818
At 31 October 2023 105,867 2,201 5,088 91 113,247

5. STOCKS
2024 2023
£    £   
Raw materials 117,987 198,413
Work-in-progress 72,363 60,240
190,350 258,653

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 494,816 569,433
Amounts owed by group undertakings 1,167,460 -
Other debtors 65,015 62,117
1,727,291 631,550

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 60,149 9,894
Hire purchase contracts (see note 9) - 26,100
Trade creditors 364,962 380,534
Taxation and social security 245,928 248,616
Other creditors 415,475 214,394
1,086,514 879,538

IMPACT DUCTING SALES LIMITED (REGISTERED NUMBER: 02003562)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 123,145 24,955

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year - 26,100

Non-cancellable operating leases
2024 2023
£    £   
Within one year 77,000 77,000
Between one and five years 308,000 308,000
In more than five years 377,300 454,300
762,300 839,300

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 26,100
Cynergy Invoice Financing 295,022 -
295,022 26,100

Hire purchase contracts are secured upon the assets to which they relate.

Cynergy Business Finance Limited holds a fixed and floating charge which covers all the property or undertaking of the company.

11. ULTIMATE PARENT UNDERTAKING

The company's immediate parent undertaking is Impact Group (Leicester) Limited. The registered office address and the principal place of business of Impact Group (Leicester) Limited is 45 Oakland Road, Leicester, LE2 6AN.

The company's ultimate parent undertaking is Mr Jog Limited, which owns 100% share capital of Impact Group (Leicester) Limited The registered office address and the principal place of business of Mr Jog Limited is 45 Oakland Road, Leicester, LE2 6AN.