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REGISTERED NUMBER: 05603868 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

Impact Express Wholesale Limited

Impact Express Wholesale Limited (Registered number: 05603868)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Impact Express Wholesale Limited

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: N Miller
K Miller
P C Miller





SECRETARY: N Miller





REGISTERED OFFICE: Sherwood House
41 Queens Road
Farnborough
Hampshire
GU14 6JP





REGISTERED NUMBER: 05603868 (England and Wales)





ACCOUNTANTS: Jones & Co
Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP

Impact Express Wholesale Limited (Registered number: 05603868)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 60,396 72,926

CURRENT ASSETS
Debtors 5 470,258 328,361
Cash at bank 162,126 139,566
632,384 467,927
CREDITORS
Amounts falling due within one year 6 515,960 318,284
NET CURRENT ASSETS 116,424 149,643
TOTAL ASSETS LESS CURRENT LIABILITIES 176,820 222,569

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 176,800 222,549
SHAREHOLDERS' FUNDS 176,820 222,569

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.

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 28 May 2025 and were signed on its behalf by:





N Miller - Director


Impact Express Wholesale Limited (Registered number: 05603868)

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

1. STATUTORY INFORMATION

Impact Express Wholesale 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.

Turnover
Turnover represents net invoiced sale of services, excluding value added tax and is recognised when the service provided to the customer is complete.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Website development - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 20% on reducing balance

Taxation
Taxation for the period comprises current tax, 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 not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date since the amount is not considered material

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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. 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 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Website
property machinery development
£    £    £   
COST
At 1 November 2023 8,304 3,519 151,166
Additions - 540 627
At 31 October 2024 8,304 4,059 151,793
DEPRECIATION
At 1 November 2023 6,511 2,490 88,031
Charge for year 359 314 12,752
At 31 October 2024 6,870 2,804 100,783
NET BOOK VALUE
At 31 October 2024 1,434 1,255 51,010
At 31 October 2023 1,793 1,029 63,135

Impact Express Wholesale Limited (Registered number: 05603868)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023 6,495 23,019 192,503
Additions - 1,414 2,581
At 31 October 2024 6,495 24,433 195,084
DEPRECIATION
At 1 November 2023 6,320 16,225 119,577
Charge for year 44 1,642 15,111
At 31 October 2024 6,364 17,867 134,688
NET BOOK VALUE
At 31 October 2024 131 6,566 60,396
At 31 October 2023 175 6,794 72,926

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 439,424 301,118
Other debtors 30,834 27,243
470,258 328,361

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,418 15,965
Trade creditors 336,741 179,805
Taxation and social security 52,536 63,747
Other creditors 116,265 58,767
515,960 318,284