Impact Services (Northern) Limited

	Page
Strategic Report	1
Directors' Report	2
Independent Auditor's Report	3—5
Income Statement	6
Statement of Financial Position	7
Statement of Changes in Equity	8
Statement of Cash Flows	9
Notes to the Statement of Cash Flows	10
Notes to the Financial Statements	11—19

The directors present their strategic report for the period ended 31 March 2025.

Review of the Business

The principal activity of the company during the last fiscal year continues to be that of the provision of high-quality Security, Cleaning and Electrical services. We have a varied customers base which has grown through the year.

Sales Growth

The business has grown organically through the year with service delivery and customers confidence. We have won numerous extensions onto present contracts due to good working and our will to support or customers.

Financial

Financially the business has benefited from some large contracts requiring large numbers of staff at an increased rate. We have managed these sites using smarter working and minimal effect on the overheads outside of direct delivery costs.

Overview

The company is a stable organisation with a clear structure and business plan. Management work closely to the plan and follow key targets set by the directors in seeking to realise all corporate objectives. The company is exposed to the usual credit related losses in event of non-payment by customers, but the risks have been mitigated through insurance and credit checks to ensure that such events will not endanger the company's financial stability.

We are confident that the company's financial position is strong and that the company. is well placed to continue to offer a full range of products to our well-established customer. base. We are evolving into a dual services provider which is helping the cross selling.

The company has invested in innovative technology to work with smarter objective. Also to aid staff safety during the last year which has allowed us to offer new services that helped our customers operate in a safe & secure manner.

On behalf of the board

Mr S H McBride

Director

9 September 2025

Page 1

Page 2

Impact Services (Northern) Limited

Company No. 04604312

Directors' Report For the Period 1 December 2023 to 31 March 2025

Directors' Report

The directors present their report and the financial statements for the period ended 31 March 2025.

Principal Activity

The principal activity of the company during the year was that of he provision of high-quality Security, Cleaning and Electrical services.

Dividends

Particulars of recommended dividends are detailed in note 22 to the financial statements.

Directors

The directors who held office during the period were as follows:

Mr S H McBride

Mr A J Platt

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors 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 the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and 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. They are 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 directors are 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.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Independent Auditors

The auditors, ERC Accountants & Business Advisers Ltd, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr S H McBride

Director

9 September 2025

Page 2

Page 3

Independent Auditor's Report

to the Members of

Impact Services (Northern) Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Impact Services (Northern) Limited for the period ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit/(loss) for the period then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Page 3

Page 4

Independent Auditor's Report (continued)

to the Members of

Impact Services (Northern) Limited

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our experience through discussion with the Officers and other management (as required by auditing standards).
We had regard to laws and regulations in areas that directly affect the financial statements including financial reporting (including related trade union legislation) and taxation legislation.
We considered that extent of compliance with those laws and regulations as part of our procedures on the related financial statement items.
With the exception of any known or possible non-compliance, and as required by auditing standards, our work in respect of these was limited to enquiry of the Officers.
We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit.
We addressed the risk of fraud through management override of controls, by testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.
Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Page 4

Page 5

Independent Auditor's Report (continued)

to the Members of

Impact Services (Northern) Limited

Richard Brown FCA FCCA (Senior Statutory Auditor)

for and on behalf of ERC Accountants & Business Advisers Ltd , Statutory Auditor

9 September 2025

ERC Accountants & Business Advisers Ltd

11-13 Hanover Street

Liverpool

L1 3DN

Page 5

Page 6

Impact Services (Northern) Limited

Income Statement

For the Period 1 December 2023 to 31 March 2025

Income Statement

		31 March 2025	30 November 2023 as restated
	Notes	£	£
TURNOVER	3	22,707,416	16,997,715
Cost of sales		(19,515,581 )	(14,719,186 )

GROSS PROFIT		3,191,835	2,278,529

Distribution costs		(261,236 )	(134,102 )
Administrative expenses		(2,247,129 )	(1,493,479 )

OPERATING PROFIT	4	683,470	650,948
Loss on disposal of fixed assets		-	(592 )
Other interest receivable and similar income	9	133	471
Interest payable and similar charges	10	(159,685 )	(102,311 )

PROFIT BEFORE TAXATION		523,918	548,516
Tax on Profit	11	30,338	(127,406 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL PERIOD		554,256	421,110

The notes on pages 10 to 19 form part of these financial statements.

Page 6

Page 7

Impact Services (Northern) Limited

Statement of Financial Position

As At 31 March 2025

Statement of Financial Position

Registered number: 04604312

		31 March 2025		30 November 2023 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	13		71,197		71,275

			71,197		71,275
CURRENT ASSETS
Stocks	14	80,684		65,160
Debtors	15	3,771,462		4,565,252
Cash at bank and in hand		222,770		74,565

		4,074,916		4,704,977
Creditors: Amounts Falling Due Within One Year	16	(3,967,239 )		(4,079,888 )

NET CURRENT ASSETS (LIABILITIES)			107,677		625,089

TOTAL ASSETS LESS CURRENT LIABILITIES			178,874		696,364

Creditors: Amounts Falling Due After More Than One Year	17		(6,667 )		(60,000 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	19		(3,657 )		(1,081 )

NET ASSETS			168,550		635,283

CAPITAL AND RESERVES
Called up share capital	21		52		100
Capital redemption reserve			48		-
Income Statement			168,450		635,183

SHAREHOLDERS' FUNDS			168,550		635,283

On behalf of the board

Mr S H McBride

Director

9 September 2025

The notes on pages 10 to 19 form part of these financial statements.

Page 7

Page 8

Impact Services (Northern) Limited

Statement of Changes in Equity

For the Period 1 December 2023 to 31 March 2025

Statement of Changes in Equity

	Share Capital	Capital Redemption	Income Statement	Total
	£	£	£	£
As at 1 December 2022	100	-	386,073	386,173
Profit for the year and total comprehensive income	-	-	421,110	421,110

Dividends paid	-	-	(172,000)	(172,000)
Purchase of own shares	-	-	-	-

As at 30 November 2023 and 1 December 2023 as restated	100	-	635,183	635,283


Profit for the period and total comprehensive income	-	-	554,256	554,256

Dividends paid	-	-	(205,172)	(205,172)
Purchase of own shares	(48 )	48	(815,817 )	(815,817)

As at 31 March 2025	52	48	168,450	168,550

Page 8

Page 9

Impact Services (Northern) Limited

Statement of Cash Flows

For the Period 1 December 2023 to 31 March 2025

Statement of Cash Flows

		31 March 2025	30 November 2023 as restated
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	1,649,269	405,492
Interest paid		(159,685 )	(102,312 )
Tax paid		(216,131 )	(123,506 )

Net cash generated from operating activities		1,273,453	179,674

Cash flows from investing activities
Purchase of tangible assets		(25,626 )	(13,723 )
Interest received		133	471

Net cash used in investing activities		(25,493 )	(13,252 )

Cash flows from financing activities
Purchase/redemption of own shares		(815,817 )	-
Equity dividends paid		(205,172 )	(172,000 )
Repayment of bank borrowings		(53,333 )	(40,000 )
Amount withdrawn by directors		(25,433)	(69,509)

Net cash used in financing activities		(1,099,755 )	(281,509 )



Increase/(decrease) in cash and cash equivalents		148,205	(115,087 )
Cash and cash equivalents at beginning of period	2	74,565	189,652

Cash and cash equivalents at end of period	2	222,770	74,565

Page 9

Page 10

Impact Services (Northern) Limited

Notes to the Statement of Cash Flows

For the Period 1 December 2023 to 31 March 2025

Notes to the Statement of Cash Flows

1. Reconciliation of profit for the financial period to cash generated from operations

	31 March 2025	30 November 2023 as restated
	£	£
Profit for the financial period	554,256	421,110
Adjustments for:
Tax on profit	(30,338 )	127,406
Interest expense	159,685	102,311
Interest income	(133 )	(471 )
Depreciation of tangible assets	25,704	23,759
Loss on disposal of tangible assets	-	592
Movements in working capital:
Increase in stocks	(15,524 )	(31,530 )
Decrease/(increase) in trade and other debtors	978,459	(474,880 )
(Decrease)/increase in trade and other creditors	(22,840 )	237,195

Net cash generated from operations	1,649,269	405,492

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	31 March 2025	30 November 2023 as restated
	£	£
Cash at bank and in hand	222,770	74,565

3. Analysis of changes in net (debt)/funds

	As at 1 December 2023	Cash flows	As at 31 March 2025
	£	£	£
Cash at bank and in hand	74,565	148,205	222,770
Debts falling due within one year	(40,000 )	-	(40,000 )
Debts falling due after more than one year	(60,000)	53,333	(6,667)

	(25,435)	201,538	176,103

Page 10

Page 11

Impact Services (Northern) Limited

Notes to the Financial Statements

For the Period 1 December 2023 to 31 March 2025

Notes to the Financial Statements

1. General Information

Impact Services (Northern) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04604312 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

2.2. Significant judgements and estimations

Significant Judgements

In preparing these financial statements, the directors have made the following judgements that have the most significant effect on the amounts recognised:

Revenue recognition on service contracts - The company delivers services under contracts that may span more than one reporting period. Management has judged that revenue should be recognised over time, based on the stage of completion at the reporting date, as this reflects the transfer of services to customers. Judgement is required in determining the appropriate measure of progress, which for the company is assessed primarily on the proportion of costs incurred to date compared with the total estimated costs of the contract.

Going concern - In assessing the company’s ability to continue as a going concern, management has considered forecast cash flows, available banking facilities, and expected future trading.

Key Sources of Estimation Uncertainty

The preparation of financial statements in conformity with FRS 102 requires management to make estimates and assumptions. Actual results may differ. The areas involving a significant risk of material adjustment within the next financial year include:

Stage of completion of service contracts - Revenue is recognised by reference to the proportion of costs incurred to total estimated contract costs. This requires management to estimate total project costs, including future labour, materials, and subcontractor expenses. Revisions to these estimates may significantly impact the amount of revenue and profit recognised.

Recoverability of contract assets and trade debtors - The company assesses the recoverability of amounts due from customers on an ongoing basis. This involves estimating the likelihood of collection based on ageing, customer creditworthiness, and past default experience.

2.3. Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax, together with service contract revenue which is recognised as contractual activity progresses, and is derived from the ordinary activities of the company which is that of the provision of security services.

Revenue is recognised on the completion of services on an accruals basis.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and machinery	25% Reducing Balance
Motor vehicles	25% Reducing Balance
Fixtures and fittings	25% Reducing Balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.

Page 11

Page 12

Impact Services (Northern) Limited

Notes to the Financial Statements (continued)

For the Period 1 December 2023 to 31 March 2025

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

2.7. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.8. Financial Instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2.9. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

Page 12

Page 13

Impact Services (Northern) Limited

Notes to the Financial Statements (continued)

For the Period 1 December 2023 to 31 March 2025

2.10. Provisions and Contingencies

Provisions

Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as a finance cost.

Contingencies

Contingent liabilities are not recognised. Contingent liabilities arise as a result of past events when (i) it is not probable that there will be an outflow of resources or that the amount cannot be reliably measured at the reporting date or (ii) when the existence will be confirmed by the occurrence or non-occurrence of uncertain future events not wholly within the company’s control. Contingent liabilities are disclosed in the financial statements unless the probability of an outflow of resources is remote.

Contingent assets are not recognised. Contingent assets are disclosed in the financial statements when an inflow of economic benefits is probable.

2.11. Pensions

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

2.12. Government Grant

Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.

All grants in the income statement are recognised when all conditions for receipt have been complied with.

2.13. Change of Accounting Reference Date

These financial statements cover the period from 01/12/2023 to 31/03/2025, a period of 16 months. The comparative figures cover the year ended 30/11/2023.

The company has changed its accounting reference date from 30/11/2023 to 31/03/2025. As a result, the current financial statements are prepared for a period of longer than one year. The amounts presented in the financial statements are therefore not entirely comparable.

3. Turnover

Analysis of turnover by class of business is as follows:

	31 March 2025	30 November 2023 as restated
	£	£
Managment charges	21,450	29,590
Rendering of services	22,685,966	16,968,125

	22,707,416	16,997,715

Analysis of turnover by geographical market is as follows:

Page 13

Page 14

Impact Services (Northern) Limited

Notes to the Financial Statements (continued)

For the Period 1 December 2023 to 31 March 2025

	31 March 2025	30 November 2023 as restated
	£	£
United Kingdom	22,707,416	16,997,715

	22,707,416	16,997,715

4. Operating Profit

The operating profit is stated after charging:

	31 March 2025	30 November 2023 as restated
	£	£
Depreciation of tangible fixed assets	25,704	23,759

5. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the period was as follows:

	31 March 2025	30 November 2023 as restated
	£	£
Audit Services
Audit of the company's financial statements	17,000	16,000

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	31 March 2025	30 November 2023 as restated
	£	£
Wages and salaries	15,275,993	10,085,915
Other pension costs	211,948	155,810

	15,487,941	10,241,725

7. Average Number of Employees

Average number of employees, including directors, during the period was as follows:

	31 March 2025	30 November 2023
Office and administration	430	363

	430	363

8. Directors' remuneration

	31 March 2025	30 November 2023 as restated
	£	£
Emoluments	32,000	24,000

Page 14

Page 15

Impact Services (Northern) Limited

Notes to the Financial Statements (continued)

For the Period 1 December 2023 to 31 March 2025

9. Interest Receivable and Similar Income

	31 March 2025	30 November 2023 as restated
	£	£
Bank interest receivable	133	471

10. Interest Payable and Similar Charges

	31 March 2025	30 November 2023 as restated
	£	£
Bank loans and overdrafts	2,894	3,006
Factoring charges	153,882	90,591
Other finance charges	2,909	8,714

	159,685	102,311

11. Tax on Profit

	Tax Rate		31 March 2025	30 November 2023 as restated
The tax (credit)/charge on the profit for the period was as follows:
	31 March 2025	30 November 2023	£	£
Current tax
UK Corporation Tax	25.0%	23.0%	126,322	130,447
Prior period adjustment			(159,236 )	(1,427 )

			(32,914 )	129,020
Deferred Tax
Deferred taxation			2,576	(1,614 )


Total tax charge for the period			(30,338 )	127,406


The actual (credit)/charge for the period can be reconciled to the expected charge for the period based on the profit and the standard rate of corporation tax as follows:
			31 March 2025	30 November 2023
			£	£
Profit before tax			523,918	548,516

Tax on profit at 25% (UK standard rate)			130,980	125,529
Goodwill/depreciation not allowed for tax			6,425	5,437
Expenses not deductible for tax purposes			10,766	6,457
Capital allowances			(7,912 )	(4,315 )

...CONTINUED

Page 15

Page 16

Impact Services (Northern) Limited

Notes to the Financial Statements (continued)

For the Period 1 December 2023 to 31 March 2025

Short term timing differences	2,576	(3,392 )
Prior period adjustment	(159,236 )	(1,427 )
Difference in tax rates	(13,937 )	(883 )

Total tax charge for the period	(30,338)	127,406

12. Prior Period Adjustment

In the year ended 30 November 2023, the Company accounted for the repurchase of its own shares for £611,771. It was subsequently determined that the legal agreement underpinning this transaction was not valid, and therefore the accounting did not reflect the legal substance of the arrangement.

This has been corrected as a prior period error in accordance with FRS 102 Section 10. The opening balances as at 1 December 2023 have been restated to reinstate share capital and reserves, together with £611,771 of cash via Other debtors. The comparatives have been adjusted accordingly.

During the year ended 31 March 2025, the Company entered into a new and valid agreement to repurchase the same shares for £815,816. This transaction has been recognised in the current year, reducing share capital and reserves by £815,816 and resulting in an additional cash outflow of £204,045.

13. Tangible Assets

	Plant and machinery	Motor vehicles	Fixtures and fittings	Total
	£	£	£	£
Cost
As at 1 December 2023	39,103	136,554	99,594	275,251
Additions	15,943	4,900	4,783	25,626

As at 31 March 2025	55,046	141,454	104,377	300,877

Depreciation
As at 1 December 2023	31,266	88,612	84,098	203,976
Provided during the period	3,276	16,593	5,835	25,704

As at 31 March 2025	34,542	105,205	89,933	229,680

Net Book Value
As at 31 March 2025	20,504	36,249	14,444	71,197

As at 1 December 2023	7,837	47,942	15,496	71,275

14. Stocks

	31 March 2025	30 November 2023 as restated
	£	£
Stock	80,684	65,160

15. Debtors

	31 March 2025	30 November 2023 as restated
	£	£
Due within one year
Trade debtors	3,470,836	3,858,665
Other debtors	300,626	706,587

	3,771,462	4,565,252

Page 16

Page 17

Impact Services (Northern) Limited

Notes to the Financial Statements (continued)

For the Period 1 December 2023 to 31 March 2025

16. Creditors: Amounts Falling Due Within One Year

	31 March 2025	30 November 2023 as restated
	£	£
Trade creditors	1,345,862	1,688,439
Bank loans and overdrafts	40,000	40,000
Other creditors	1,948,953	1,294,297
Corporation tax	140,259	230,068
Taxation and social security	487,160	805,654
Accruals and deferred income	5,005	21,430

	3,967,239	4,079,888

The bank loan is secured by way of a fixed and floating charge dated 02 November 2004, over the undertaking and all property and assets present and future including goodwill bookdebts, uncalled capital buildings, fixtures and fittings and plant and machinery.

17. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	30 November 2023 as restated
	£	£
Bank loans	6,667	60,000

The bank loans are secured by way of a fixed and floating charge dated 02 November 2004, over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery.

The bank loan is secured by way of a fixed and floating charge dated 20 November 2006 over all assets of the company.

18. Loans

An analysis of the maturity of loans is given below:

	31 March 2025	30 November 2023 as restated
	£	£
Amounts falling due within one year or on demand:
Bank loans	40,000	40,000

	31 March 2025	30 November 2023 as restated
	£	£
Amounts falling due between one and five years:
Bank loans	6,667	60,000

19. Deferred Taxation

The provision for deferred tax is made up as follows:

	31 March 2025	30 November 2023 as restated
	£	£
Other timing differences	3,657	1,081

Page 17

Page 18

Impact Services (Northern) Limited

Notes to the Financial Statements (continued)

For the Period 1 December 2023 to 31 March 2025

20. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 December 2023	1,081	1,081
Additions	2,576	2,576

Balance at 31 March 2025	3,657	3,657

21. Share Capital

	31 March 2025	30 November 2023 as restated
Allotted, called up and fully paid	£	£
52 Ordinary Shares of £ 1.000 each	52	100


Shares disposed during the period:	£
48 Ordinary Shares of £ 1.000 each	(48)

22. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	31 March 2025	30 November 2023 as restated
	£	£
Not later than one year	90,920	55,682
Later than one year and not later than five years	69,148	20,476

	160,068	76,158

23. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the period the charge to profit or loss in respect of defined contribution schemes was £211,948 (2023: £155,810).

24. Directors Advances, Credits and Guarantees

During the year the directors entered into the following advances and credits with the company:

	As at 1 December 2023	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Stuart McBride	34,517	134,667	71,650	-	97,533
Mr Alexander Platt	34,803	834,667	869,470	-	-

The above loan is unsecured, interest free and repayable on demand.

Page 18

Page 19

Impact Services (Northern) Limited

Notes to the Financial Statements (continued)

For the Period 1 December 2023 to 31 March 2025

25. Dividends

	31 March 2025	30 November 2023 as restated
	£	£
On equity shares:
Final dividend paid	205,172	172,000

26. Related Party Disclosures

The following related party transactions were undertaken during the period:

Dividends were paid to the directors & shareholders in respect of their shareholding totalling £205,172 (2023: £172,000). The aggregate remuneration paid to key management personnel for the period was £32,000 (2023: £24,000).

No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'

Page 19