Impact Data Systems Ltd 08516243 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is database software design. Digita Accounts Production Advanced 6.30.9574.0 true true 08516243 2023-09-01 2024-08-31 08516243 2024-08-31 08516243 bus:Director1 1 2024-08-31 08516243 core:RetainedEarningsAccumulatedLosses 2024-08-31 08516243 core:ShareCapital 2024-08-31 08516243 core:CurrentFinancialInstruments 2024-08-31 08516243 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 08516243 core:FurnitureFittingsToolsEquipment 2024-08-31 08516243 bus:SmallEntities 2023-09-01 2024-08-31 08516243 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 08516243 bus:FilletedAccounts 2023-09-01 2024-08-31 08516243 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08516243 bus:RegisteredOffice 2023-09-01 2024-08-31 08516243 bus:Director1 2023-09-01 2024-08-31 08516243 bus:Director1 1 2023-09-01 2024-08-31 08516243 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08516243 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 08516243 core:OfficeEquipment 2023-09-01 2024-08-31 08516243 countries:EnglandWales 2023-09-01 2024-08-31 08516243 2023-08-31 08516243 bus:Director1 1 2023-08-31 08516243 core:FurnitureFittingsToolsEquipment 2023-08-31 08516243 2022-09-01 2023-08-31 08516243 2023-08-31 08516243 bus:Director1 1 2023-08-31 08516243 core:RetainedEarningsAccumulatedLosses 2023-08-31 08516243 core:ShareCapital 2023-08-31 08516243 core:CurrentFinancialInstruments 2023-08-31 08516243 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 08516243 core:FurnitureFittingsToolsEquipment 2023-08-31 08516243 bus:Director1 1 2022-09-01 2023-08-31 08516243 bus:Director1 1 2022-08-31 iso4217:GBP xbrli:pure

Registration number: 08516243

Impact Data Systems Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Impact Data Systems Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Impact Data Systems Ltd

(Registration number: 08516243)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

676

901

Current assets

 

Debtors

1,692

933

Cash at bank and in hand

 

550

3,061

 

2,242

3,994

Creditors: Amounts falling due within one year

5

(2,797)

(4,758)

Net current liabilities

 

(555)

(764)

Net assets

 

121

137

Capital and reserves

 

Called up share capital

100

100

Retained earnings

21

37

Shareholders' funds

 

121

137

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 May 2025
 

.........................................
S Ashworth
Director

 

Impact Data Systems Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1st Floor
Kingsway House
Kingsway
Burnley
Lancashire
BB11 1BJ
England

The principal place of business is:
15 Trawden Hill
Trawden
Lancs
BB8 8PL

These financial statements were authorised for issue by the director on 20 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared in sterling (£) using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Impact Data Systems Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Impact Data Systems Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2023

6,578

6,578

At 31 August 2024

6,578

6,578

Depreciation

At 1 September 2023

5,677

5,677

Charge for the year

225

225

At 31 August 2024

5,902

5,902

Carrying amount

At 31 August 2024

676

676

At 31 August 2023

901

901

 

Impact Data Systems Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

2,394

4,355

Accruals and deferred income

403

403

2,797

4,758

6

Related party transactions

Transactions with the director

2024

At 1 September 2023
£

Advances to director
£

Repayments by director
£

At 31 August 2024
£

S Ashworth

Interest free loan to repaid within 9 months

933

14,265

(13,504)

1,694

2023

At 1 September 2022
£

Repayments by director
£

At 31 August 2023
£

S Ashworth

Interest free loan to repaid within 9 months

1,405

(472)

933