Impact Commercial Solutions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04286953 (England and Wales)

IMPACT COMMERCIAL SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

55,357

28

CURRENT ASSETS

Debtors

5

5,675

36,022

Cash at bank

70,110

80,592

75,785

116,614

CREDITORS

Amounts falling due within one year

6

34,439

31,636

NET CURRENT ASSETS

41,346

84,978

TOTAL ASSETS LESS CURRENT
LIABILITIES

96,703

85,006

PROVISIONS FOR LIABILITIES

-

7

NET ASSETS

96,703

84,999

CAPITAL AND RESERVES

Called up share capital

7

30

Retained earnings

96,673

84,969

SHAREHOLDERS' FUNDS

96,703

84,999

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2025 and were signed on its behalf by:

Mr J M Wootton - Director

1.	STATUTORY INFORMATION

Impact Commercial Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04286953

Registered office:

Wallace House

20 Birmingham Road

Walsall

West Midlands

WS1 2LT

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance, 25% on cost and 15% on reducing balance

The freehold property additions during the year are in respect of a project currently under construction before being occupied by the company. Therefore, no depreciation has been charged on the freehold property.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 tax

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 year 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 other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2024

-

7,104

Additions

39,021

21,750

60,771

At 31 December 2024

39,021

28,854

67,875

DEPRECIATION

At 1 January 2024

-

7,076

Charge for year

-

5,442

At 31 December 2024

-

12,518

NET BOOK VALUE

At 31 December 2024

39,021

16,336

55,357

At 31 December 2023

-

28

Included in cost of land and buildings is freehold land of £ 20,020 (2023 - £ 0 ) which is not depreciated.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

5,266

15,744

Other debtors

409

20,278

5,675

36,022

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

4,811

6,314

Taxation and social security

4,348

13,193

Other creditors

25,280

12,129

34,439

31,636

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

30

Ordinary shares

£1

30