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Registered Number: 07029392
England and Wales

 

 

 

IMPACCT LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024
Director Elizabeth PARRIS
Registered Number 07029392
Registered Office KINGS COURT BUSINESS CENTRE - 2ND FLOOR
LONDON ROAD
STEVENAGE
SG1 2NG
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 December 2024
Principal activities
The companys principal activity during the year was that of event management.
Director
The director who served the company throughout the year was as follows:
Elizabeth PARRIS
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Elizabeth PARRIS
Director

Date approved: 12 June 2025
2
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of IMPACCT LIMITED for the period ended 31 December 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of IMPACCT LIMITED in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of IMPACCT LIMITED and state those matters that we have agreed to state to the director of IMPACCT LIMITED in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that IMPACCT 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 profit of IMPACCT LIMITED. You consider that IMPACCT LIMITED is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of IMPACCT 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.



....................................................
Companies999
Suite2A Blackthorn House
St Pauls Square
Birmingham
B3 1RL
12 June 2025
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 4,398    4,455 
4,398    4,455 
Current assets      
Stocks 5 772,665    2,085 
Debtors 6 378,136    676,926 
Cash at bank and in hand 715,561    449,304 
1,866,362    1,128,315 
Creditors: amount falling due within one year 7 (1,814,354)   (1,060,929)
Net current assets 52,008    67,386 
 
Total assets less current liabilities 56,406    71,841 
Creditors: amount falling due after more than one year 8 (25,169)   (60,760)
Provisions for liabilities 9 (836)   (846)
Net assets 30,401    10,235 
 

Capital and reserves
     
Called up share capital 25    25 
Capital Redemption Reserve 10 50    50 
Profit and loss account 30,326    10,160 
Shareholders' funds 30,401    10,235 
 


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

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 12 June 2025 and were signed by:


-------------------------------
Elizabeth PARRIS
Director
4
  Equity share capital   Capital redemption reserve   Retained Earnings   Total
£ £ £ £
At 01 January 2023 25  50  (30,073) (29,998)
Profit for the year 75,233  75,233 
Total comprehensive income for the year 75,233  75,233 
Dividends (35,000) (35,000)
Total investments by and distributions to owners (35,000) (35,000)
At 31 December 2023 25  50  10,160  10,235 
At 01 January 2024 25  50  10,159  10,234 
Profit for the year 30,167  30,167 
Total comprehensive income for the year 30,167  30,167 
Dividends (10,000) (10,000)
Total investments by and distributions to owners (10,000) (10,000)
At 31 December 2024 25  50  30,326  30,401 
5
General Information
IMPACCT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07029392, registration address KINGS COURT BUSINESS CENTRE - 2ND FLOOR, LONDON ROAD, STEVENAGE, SG1 2NG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation for the period 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 taxation
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 period 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 future taxable profits.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Computer software development costs
Development costs of computer software are capitalised once a detailed program design has been established and are amortised on a straight line basis over years.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer Equipment 33 Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 8 (2023 : 5).
3.

Intangible fixed assets

Cost Other   Total
  £   £
At 01 January 2024 1,444    1,444 
Additions  
Disposals  
At 31 December 2024 1,444    1,444 
Amortisation
At 01 January 2024 1,444    1,444 
Charge for year  
On disposals  
At 31 December 2024 1,444    1,444 
Net book values
At 31 December 2024  
At 31 December 2023  


4.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 January 2024 10,971    10,971 
Additions 2,109    2,109 
Disposals  
At 31 December 2024 13,080    13,080 
Depreciation
At 01 January 2024 6,516    6,516 
Charge for year 2,166    2,166 
On disposals  
At 31 December 2024 8,682    8,682 
Net book values
Closing balance as at 31 December 2024 4,398    4,398 
Opening balance as at 01 January 2024 4,455    4,455 


5.

Stocks

2024
£
  2023
£
Work in Progress 772,665    2,085 
772,665    2,085 

6.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 354,056    637,613 
Prepayments & Accrued Income 2,704    1,997 
Other Debtors 15,636    12,660 
IMPACCT LIVE LIMITED   42 
VAT   18,874 
372,396    671,186 

6.

Debtors: amounts falling due after one year

2024
£
  2023
£
Deposits paid 5,740    5,740 
5,740    5,740 

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 28,108    26,326 
Corporation Tax 8,206    22,256 
PAYE & Social Security 12,330    11,432 
Accrued Expenses 1,762,803    999,915 
Other Creditors 207    3 
Credit Card 1,731    997 
VAT 969   
1,814,354    1,060,929 

8.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts   25,707 
Bounce Back Loan 25,169    35,053 
25,169    60,760 

9.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 836    846 
836    846 

10.

Capital Redemption Reserve

2024
£
  2023
£
Capital Redemption Reserve b/fwd 50    50 
50    50 

11.

Ultimate Controlling Party

The company's ultimate controlling party is Ms Elizabeth Parris by virtue of her ownership of 100% of the issued share capital in the company.


6