REGISTERED NUMBER: 10170735 (England and Wales)

IMPACT FOR CHANGE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2025

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms C L Leach

M I Parker

REGISTERED OFFICE:

Canns Down Press

Beaford

Winkleigh

EX19 8LZ

REGISTERED NUMBER:

10170735 (England and Wales)

ACCOUNTANTS:

Jane Maynard Limited

T/A Maynard Johns

37 Mill Street

Bideford

DEVON

EX39 2JJ

FIXED ASSETS

Intangible assets

4

2,972

4,072

Tangible assets

5

316,048

358,944

319,020

363,016

CURRENT ASSETS

Debtors

26,194

100,614

Cash at bank and in hand

80,118

29,832

106,312

130,446

CREDITORS

Amounts falling due within one year

(388,831

)

(494,990

)

NET CURRENT LIABILITIES

(282,519

)

(364,544

)

TOTAL ASSETS LESS CURRENT LIABILITIES

36,501

(1,528

)

CREDITORS

Amounts falling due after more than one year

(10,752

)

(27,962

)

PROVISIONS FOR LIABILITIES

(8,182

)

(22,661

)

NET ASSETS/(LIABILITIES)

17,567

(52,151

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

17,467

(52,251

)

SHAREHOLDERS' FUNDS

17,567

(52,151

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2025 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement 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:

Ms C L Leach - Director

1.	STATUTORY INFORMATION

Impact For Change Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

33% on cost, 25% on reducing balance and 15% on reducing balance

Taxation

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2024 - 33 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 31 March 2024

and 30 March 2025

11,000

AMORTISATION

At 31 March 2024

6,928

Amortisation for year

1,100

At 30 March 2025

8,028

NET BOOK VALUE

At 30 March 2025

2,972

At 30 March 2024

4,072

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 31 March 2024

540,017

Additions

19,219

Disposals

(161,757

)

At 30 March 2025

397,479

DEPRECIATION

At 31 March 2024

181,073

Charge for year

12,537

Eliminated on disposal

(112,179

)

At 30 March 2025

81,431

NET BOOK VALUE

At 30 March 2025

316,048

At 30 March 2024

358,944

6.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Secured loan

7,469

46,910

There are two fixed charges over the freehold property of the company. There are also two fixed and floating charges over the present and future assets of the company.

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 March 2025 and 30 March 2024:

2025

2024

£

£

Ms C L Leach and M I Parker

Balance outstanding at start of year

-

7,881

Amounts advanced

26,439

113,940

Amounts repaid

(22,679

)

(121,821

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,760

-