Registered number
07338910
Impress (Holdings) Ltd
Filleted Accounts
30 September 2024
Impress (Holdings) Ltd
Registered number: 07338910
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 44,045 42,681
Investments 4 102 102
44,147 42,783
Current assets
Debtors 5 151,196 140,349
Cash at bank and in hand 13,143 60,534
164,339 200,883
Creditors: amounts falling due within one year 6 (145,098) (146,736)
Net current assets 19,241 54,147
Total assets less current liabilities 63,388 96,930
Provisions for liabilities (8,367) (8,108)
Net assets 55,021 88,822
Capital and reserves
Called up share capital 3 3
Profit and loss account 55,018 88,819
Shareholder's funds 55,021 88,822
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R A Yusuf
Director
Approved by the board on 28 May 2025
Impress (Holdings) Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 151,036
Additions 12,376
At 30 September 2024 163,412
Depreciation
At 1 October 2023 108,355
Charge for the year 11,012
At 30 September 2024 119,367
Net book value
At 30 September 2024 44,045
At 30 September 2023 42,681
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 October 2023 102
At 30 September 2024 102
5 Debtors 2024 2023
£ £
Trade debtors 97,086 97,086
Amounts owed by group undertakings and undertakings in which the company has a participating interest 14,000 11,000
Other debtors 40,110 32,263
151,196 140,349
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 650 3,530
Other creditors 144,448 143,206
145,098 146,736
7 Controlling party
The company is under the control of the directors.
8 Other information
Impress (Holdings) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
241 Bradford Road
Batley
WF17 6JQ
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