REGISTERED NUMBER: 08831099 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

IMPACT CONSTRUCTION PROJECTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C J Masters

REGISTERED OFFICE:

Unit A6

Chaucer Business Park

Dittons Road

Polegate

East Sussex

BN26 6QH

REGISTERED NUMBER:

08831099 (England and Wales)

ACCOUNTANTS:

MDJ Services Limited

Unit A6

Chaucer Business Park

Dittons Road

Polegate

East Sussex

BN26 6QH

FIXED ASSETS

Tangible assets

4

52,441

80,974

CURRENT ASSETS

Stocks

1,729,612

1,465,923

Debtors

5

151,302

16,041

Cash at bank and in hand

431

73,373

1,881,345

1,555,337

CREDITORS

Amounts falling due within one year

6

1,826,299

1,231,508

NET CURRENT ASSETS

55,046

323,829

TOTAL ASSETS LESS CURRENT LIABILITIES

107,487

404,803

CREDITORS

Amounts falling due after more than one year

7

(9,030

)

(50,973

)

PROVISIONS FOR LIABILITIES

-

(15,385

)

NET ASSETS

98,457

338,445

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

98,337

338,325

SHAREHOLDERS' FUNDS

98,457

338,445

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 11 December 2025 and were signed by:

C J Masters - Director

1.	STATUTORY INFORMATION

Impact Construction Projects 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks and work in progress

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Property, including land, held for development or being constructed for sale in the normal course of business, is held as work in progress and is measured at the lower of cost and net realisable value.

Cost comprises the value of land and property acquired and includes attributable direct costs, labour and construction overheads.

Net realisable value is the estimated selling price in the ordinary course of business, based on market prices at the accounting reference date, less estimated costs of completion and sale.

At each reporting date, an assessment is made for impairment. Any excess of the cost of stocks and work in progress over its net realisable value is recognised as an impairment loss in the period.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2024

75,350

77,417

1,321

154,088

Additions

-

6,785

-

6,785

Disposals

(34,000

)

-

-

(34,000

)

At 31 January 2025

41,350

84,202

1,321

126,873

DEPRECIATION

At 1 February 2024

32,856

39,061

1,197

73,114

Charge for year

4,626

11,285

41

15,952

Eliminated on disposal

(14,634

)

-

-

(14,634

)

At 31 January 2025

22,848

50,346

1,238

74,432

NET BOOK VALUE

At 31 January 2025

18,502

33,856

83

52,441

At 31 January 2024

42,494

38,356

124

80,974

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 February 2024

35,250

23,500

58,750

Disposals

(34,000

)

-

(34,000

)

Transfer to ownership

(1,250

)

-

(1,250

)

At 31 January 2025

-

23,500

23,500

DEPRECIATION

At 1 February 2024

15,084

5,875

20,959

Charge for year

-

3,305

3,305

Eliminated on disposal

(14,634

)

-

(14,634

)

Transfer to ownership

(450

)

-

(450

)

Reclassification/transfer

-

4,406

4,406

At 31 January 2025

-

13,586

13,586

NET BOOK VALUE

At 31 January 2025

-

9,914

9,914

At 31 January 2024

20,166

17,625

37,791

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

130,166

4,416

Other debtors

21,136

11,625

151,302

16,041

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

67,525

26,000

Hire purchase contracts

4,124

9,855

Trade creditors

83,548

67,514

Taxation and social security

4,342

17,116

Other creditors

1,666,760

1,111,023

1,826,299

1,231,508

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

8,666

34,666

Hire purchase contracts

364

16,307

9,030

50,973