Impact Cubed Limited - Filleted accounts

Registered number

14240846

Impact Cubed Limited

Financial statements

For the year ended 31 December 2024

Pages for filing with Registrar

Impact Cubed Limited
Registered number:		14240846
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Current assets
Debtors	5	401,562			727,477
Cash at bank and in hand		911,929			1,187,672
		1,313,491			1,915,149

Creditors: amounts falling due within one year	6	(1,115,396)			(521,906)

Net current assets			198,095			1,393,243

Net assets			198,095			1,393,243

Capital and reserves
Called up share capital			2			1
Share premium			7,167,169			5,167,169
Profit and loss account			(6,969,076)			(3,773,927)

Shareholders' funds			198,095			1,393,243

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.




Lawrence Abele
Director
Approved by the board on 26 September 2025

Impact Cubed Limited
Notes to the Accounts
for the year ended 31 December 2024

1	Statutory information

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

	Registered number :	14240846

	Registered office :	Ground Floor Watling House
		33 Cannon Street
		London
		EC4M 5SB

2	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) and the companies Act 2006. The presentation currency of the financial statements is the Pound Sterling (£).

	Going concern
	These financial statements have been prepared on a going concern basis. The current economic conditions present increased risks for all businesses. In response to such conditions, the directors have carefully considered these risks including an assessment on uncertainty on future trading projection for a period at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements. Based on assessment, the directors consider that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations and external debt liabilities. The Company has sufficient cash at the year end to fulfil all of its trade creditors and accrued expenses. The Company is not reliant on intercompany support to operate and is deemed to be going concern on its own right. The company has backing from its shareholders with significant cash injection to build its business, this injection is not be recalled within the near future and currently poses no risk to the Company's going concern ability.

	Judgements and key sources of estimation uncertainty
	In the application of the company's accounting policies, the management is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.

	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.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and in hand, short term deposits with financial institutions. Cash equivalents are defined as short term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

	Provisions
	Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


3	Audit information

	The audit report is unqualified.

	Senior statutory auditor:	Indra Raj Giri ACA, FCCA
	Firm:	IG Accounting & Auditing Limited
	Date of audit report:	26 September 2025


4	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		35		30


5	Debtors		2024		2023
£				£

	Trade debtors		325,673		-
	Amount owed by group undertakings		-		694,700
	Prepayments and accrued income		69,471		17,456
	Other debtors		6,418		15,321
			401,562		727,477


6	Creditors: amounts falling due within one year		2024		2023
£				£

	Trade creditors		145,114		-
	Other taxation and social security		103,145		61,652
	Accruals and deferred income		844,124		377,436
	Other creditors		23,013		82,818
			1,115,396		521,906


7	Controlling party

	The immediate parent company is Partners Co Limited, a company registered in Jersey