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REGISTERED NUMBER: 05289866 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 December 2024

for

Impact Outreach Network Limited

Impact Outreach Network Limited (Registered number: 05289866)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Impact Outreach Network Limited

Company Information
for the year ended 31 December 2024







DIRECTORS: Ms L P Hutchins
Mrs K Mughan
N Simpson





REGISTERED OFFICE: 1st Floor
HealthAid House
1 Marlborough Hill
Harrow
Middlesex
HA1 1UD





REGISTERED NUMBER: 05289866 (England and Wales)





ACCOUNTANTS: Grant Harrod Lerman Davis LLP
Chartered Accountants
1st Floor
Healthaid House
Marlborough Hill
Harrow
Middlesex
HA1 1UD

Impact Outreach Network Limited (Registered number: 05289866)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 9,052 12,069

CURRENT ASSETS
Debtors 5 29,948 11,799
Cash at bank and in hand 305,085 299,958
335,033 311,757
CREDITORS
Amounts falling due within one year 6 (118,890 ) (106,329 )
NET CURRENT ASSETS 216,143 205,428
TOTAL ASSETS LESS CURRENT
LIABILITIES

225,195

217,497

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 224,995 217,297
SHAREHOLDERS' FUNDS 225,195 217,497

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 4 June 2025 and were signed on its behalf by:





Mrs K Mughan - Director


Impact Outreach Network Limited (Registered number: 05289866)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Impact Outreach Network 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 income receivable for the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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
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 13 (2023 - 12 ) .

Impact Outreach Network Limited (Registered number: 05289866)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 97,386
DEPRECIATION
At 1 January 2024 85,317
Charge for year 3,017
At 31 December 2024 88,334
NET BOOK VALUE
At 31 December 2024 9,052
At 31 December 2023 12,069

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,117 820
Other debtors 28,831 10,979
29,948 11,799

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 54,281 19,101
Taxation and social security 4,337 15,944
Other creditors 60,272 71,284
118,890 106,329

7. ULTIMATE CONTROLLING PARTY

The company's share capital is wholly owned by Impact Theatre CIO.