IMPACT TRAINING SOLUTIONS LTD.

Company Registration Number:
SC254646 (Scotland)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

IMPACT TRAINING SOLUTIONS LTD.

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Additional notes
Balance sheet notes

IMPACT TRAINING SOLUTIONS LTD.

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 3,593 4,109
Investments: 4 273,455 273,455
Total fixed assets: 277,048 277,564
Current assets
Debtors: 5 873,019 930,246
Cash at bank and in hand: 11,776 56,964
Total current assets: 884,795 987,210
Creditors: amounts falling due within one year: 6 ( 138,313 ) ( 106,779 )
Net current assets (liabilities): 746,482 880,431
Total assets less current liabilities: 1,023,530 1,157,995
Creditors: amounts falling due after more than one year: 7 ( 55,000 ) ( 85,000 )
Provision for liabilities: ( 719 ) ( 1,090 )
Total net assets (liabilities): 967,811 1,071,905
Capital and reserves
Called up share capital: 140 140
Profit and loss account: 967,671 1,071,765
Total Shareholders' funds: 967,811 1,071,905

The notes form part of these financial statements

IMPACT TRAINING SOLUTIONS LTD.

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 27 August 2025
and signed on behalf of the board by:

Name: Mr Colin Rae
Status: Director

The notes form part of these financial statements

IMPACT TRAINING SOLUTIONS LTD.

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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.

    Tangible fixed assets depreciation policy

    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: Fixtures, fittings and equipment - 25% reducing balance

    Valuation information and policy

    Investments Fixed asset investments are stated at historical costs less provision for any diminution in value.

IMPACT TRAINING SOLUTIONS LTD.

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 5 7

IMPACT TRAINING SOLUTIONS LTD.

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 44,364 44,364
Additions 658 658
Disposals
Revaluations
Transfers
At 31 August 2024 45,022 45,022
Depreciation
At 1 September 2023 40,255 40,255
Charge for year 1,174 1,174
On disposals
Other adjustments
At 31 August 2024 41,429 41,429
Net book value
At 31 August 2024 3,593 3,593
At 31 August 2023 4,109 4,109

IMPACT TRAINING SOLUTIONS LTD.

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Fixed assets investments note

The total value of fixed asset investments at 31 August 2024 was £273,455 (2023 - £273,455).

IMPACT TRAINING SOLUTIONS LTD.

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Debtors

2024 2023
£ £
Trade debtors 999 6,755
Other debtors 872,020 923,491
Total 873,019 930,246

IMPACT TRAINING SOLUTIONS LTD.

Notes to the Financial Statements

for the Period Ended 31 August 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 14,857 12,593
Taxation and social security 24,358 9,725
Accruals and deferred income 9,359 9,360
Other creditors 89,739 75,101
Total 138,313 106,779

IMPACT TRAINING SOLUTIONS LTD.

Notes to the Financial Statements

for the Period Ended 31 August 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 55,000 85,000
Total 55,000 85,000

IMPACT TRAINING SOLUTIONS LTD.

Notes to the Financial Statements

for the Period Ended 31 August 2024

8. Loans to directors

Name of director receiving advance or credit:
Description of the transaction:
Directors' Loan Account
£
Balance at 31 August 2023 676,218
Advances or credits made:
Advances or credits repaid: 51,473
Balance at 31 August 2024 624,745