REGISTERED NUMBER: 02661757 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

IMPACT SF PACKAGING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr V J Jannels

Mrs S C Jannels

Mr N A Jannels

Mr D A C Jannels

REGISTERED OFFICE:

Littlehaven House

24-26 Littlehaven Lane

Horsham

West Sussex

RH12 4HT

REGISTERED NUMBER:

02661757 (England and Wales)

ACCOUNTANTS:

Horsham Accountancy Services Ltd

Littlehaven House

24-26 Littlehaven Lane

Horsham

West Sussex

RH12 4HT

CURRENT ASSETS

Debtors

6

20,646

26,346

Cash at bank

-

463

20,646

26,809

CREDITORS

Amounts falling due within one year

7

573,811

533,191

NET CURRENT LIABILITIES

(553,165

)

(506,382

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(553,165

)

(506,382

)

CREDITORS

Amounts falling due after more than one year

8

6,490

16,589

NET LIABILITIES

(559,655

)

(522,971

)

CAPITAL AND RESERVES

Called up share capital

16,295

16,295

Retained earnings

(575,950

)

(539,266

)

(559,655

)

(522,971

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

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 9 December 2025 and were signed on its behalf by:

Mr V J Jannels - Director

1.	STATUTORY INFORMATION

Impact SF Packaging Limited 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.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

155,421

AMORTISATION

At 1 April 2024

and 31 March 2025

155,421

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

71,233

DEPRECIATION

At 1 April 2024

and 31 March 2025

71,233

NET BOOK VALUE

At 31 March 2025

-

6.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Other debtors

-

5,700

Amounts falling due after more than one year:

Amounts owed by associates

20,646

20,646

Aggregate amounts

20,646

26,346

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

48,608

41,190

Amounts owed to associates

163,129

192,948

Taxation and social security

4,144

6,434

Other creditors

357,930

292,619

573,811

533,191

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

6,490

16,589

9.	RELATED PARTY DISCLOSURES

Impact SF Packaging Limited ("ISFP") has entered into transactions with two related parties, namely Impact Specialist Finance Limited ("ISF") and One Mortgage System Limited ("OMS"). The companies are related by nature of sharing substantial shareholders and Directors as registered at Companies' House.

ISFP has provided all facility management for ISF and has in return charged a management fee for those services. The fee was calculated at market rate and amounted to £ 130,000 ( £60,000 in 2024). ISF has been paying for these services on account and at the year end there is a balance of £163,129 owing to ISF shown in the accounts relating to these transactions ( £192,948 in 2024). For the coming year the directors expect ISF to continue to take on more of these costs directly.

ISFP also provides a loan facility to OMS. The facility is both interest free and unsecured, and the expectation is that it will be repaid once OMS generates sufficient funds. The balance owed to ISFP at the year end is unchanged at £ 20,646 ( 2024: £ 20,646).