Impulse Brands Group Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07255800

Impulse Brands Group Ltd

Filleted Unaudited Financial Statements

31 December 2024

Impulse Brands Group Ltd

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Fixed asset investments	5	78,655	35,811
Investments	6	2,950,906	2,907,029
		------------	------------
		3,029,561	2,942,840

Current assets

Debtors	7	2,613,120	2,824,776
Cash at bank and in hand		207,995	166,431
		------------	------------
		2,821,115	2,991,207

Creditors: amounts falling due within one year	8	642		3,440
		------------		------------
Net current assets			2,820,473	2,987,767
			------------	------------
Total assets less current liabilities			5,850,034	5,930,607

Creditors: amounts falling due after more than one year	9	436,660	533,928
		------------	------------
Net assets		5,413,374	5,396,679
		------------	------------

Capital and reserves

Called up share capital	10	2,526	2,526
Share premium account		4,654,721	4,654,721
Other reserves		11,550	11,550
Profit and loss account		744,577	727,882
		------------	------------
Shareholders funds		5,413,374	5,396,679
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Impulse Brands Group Ltd

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 20 August 2025 , and are signed on behalf of the board by:

Mr A Khan Director

Company registration number: 07255800

Impulse Brands Group Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 125 Kingsway, London, WC2B 6NH, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company benefits from financial support from other group companies and shareholder loans. The director has received assurances that such support will continue to be available and so considers it appropriate that the accounts are prepared on a going concern basis.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Fixed asset investments

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Particulars of employees

The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).

5. Fixed asset investments

	Patents, trademarks and licences
	£
Cost
At 1 January 2024	35,811
Additions	42,844
	--------
At 31 December 2024	78,655
	--------
Amortisation
At 1 January 2024 and 31 December 2024	–
	--------
Carrying amount
At 31 December 2024	78,655
	--------
At 31 December 2023	35,811
	--------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2024	2,907,029
Additions	43,877
	------------
At 31 December 2024	2,950,906
	------------
Impairment
At 1 January 2024 and 31 December 2024	–
	------------

Carrying amount
At 31 December 2024	2,950,906
	------------
At 31 December 2023	2,907,029
	------------

7. Debtors

	2024	2023
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	2,613,064	2,824,720
Other debtors	56	56
	------------	------------
	2,613,120	2,824,776
	------------	------------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	( 1,042)	1,856
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,200	1,100
Other creditors	484	484
	-------	-------
	642	3,440
	-------	-------

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	436,660	533,928
	---------	---------

10. Called up share capital

Authorised share capital

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 0.01 each	185,852	1,859	185,852	1,859
Ordinary 'A' shares of £ 1 each	1	1	1	1
Ordinary 'B' shares of £ 0.01 each	2,180	22	2,180	22
Ordinary 'C' shares of £ 0.01 each	55,215	552	55,215	552
Preference shares of £ 0.01 each	9,276	93	9,276	93
	---------	-------	---------	-------
	252,524	2,526	252,524	2,526
	---------	-------	---------	-------

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 0.01 each	185,852	1,859	185,852	1,859
Ordinary 'A' shares of £ 1 each	1	1	1	1
Ordinary 'B' shares of £ 0.01 each	2,180	22	2,180	22
Ordinary 'C' shares of £ 0.01 each	55,215	552	55,215	552
Preference shares of £ 0.01 each	9,276	93	9,276	93
	---------	-------	---------	-------
	252,524	2,526	252,524	2,526
	---------	-------	---------	-------

11. Related party transactions

The Company has taken advantage of the exemption available under paragraph 1AC.35 of FRS102 not to disclose transactions with fellow wholly-owned group companies.

12. Controlling party

The company is under the control of A Khan, director and majority shareholder.