REGISTERED NUMBER: 08432147 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 March 2025

for

Impact Lighting Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S L Tallon

J W Tallon

REGISTERED OFFICE:

Unit C6 Grange Court Business Park

Barton Lane

Abingdon

Oxfordshire

OX14 3NB

REGISTERED NUMBER:

08432147 (England and Wales)

ACCOUNTANTS:

Kingscott Dix Limited

Chartered Accountants

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

FIXED ASSETS

Tangible assets

4

78,675

73,611

CURRENT ASSETS

Stocks

15,234

14,712

Debtors

5

433,970

382,233

Cash at bank

35,609

36,699

484,813

433,644

CREDITORS

Amounts falling due within one year

6

639,783

471,041

NET CURRENT LIABILITIES

(154,970

)

(37,397

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(76,295

)

36,214

CREDITORS

Amounts falling due after more than one year

7

(13,201

)

(32,500

)

PROVISIONS FOR LIABILITIES

-

(1,972

)

NET (LIABILITIES)/ASSETS

(89,496

)

1,742

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(89,596

)

1,642

(89,496

)

1,742

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 23 December 2025 and were signed on its behalf by:

J W Tallon - Director

1.	STATUTORY INFORMATION

Impact Lighting Solutions 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.

Tangible fixed assets

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, are measured at transaction price including transaction costs.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with bank and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans, loans from related companies and other entities are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year. If not, they are presented as creditors falling due after more than one year. Trade creditors are recognised at transaction price.

Derecognition of financial liabilities

Financial liabilities are derecognised when, and only when, the company's obligations are discharged, cancelled, or they expire.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

Going concern

During the year, the company has undergone a restructuring programme whereby a division was closed as was not financially viable. The results for the year to 31 March 2025 include the divisional closure costs which has impacted on the company's reserves. A financial package has been secured to fund the restructure and to facilitate increases trading activity going forward.

The directors are confident that the improved trading activity on the core business activity for 2026 combined with the cost savings following the restructure will return the company to profitability and to a positive reserves position. With the financial improvements post year end, the directors consider that it is appropriate to prepare the accounts on a going concern basis

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

55,424

23,109

19,590

7,608

105,731

Additions

852

16,096

-

2,818

19,766

At 31 March 2025

56,276

39,205

19,590

10,426

125,497

DEPRECIATION

At 1 April 2024

4,735

10,265

15,617

1,503

32,120

Charge for year

5,607

5,236

993

2,866

14,702

At 31 March 2025

10,342

15,501

16,610

4,369

46,822

NET BOOK VALUE

At 31 March 2025

45,934

23,704

2,980

6,057

78,675

At 31 March 2024

50,689

12,844

3,973

6,105

73,611

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

123,574

129,210

Other debtors

55,450

55,450

Directors' current accounts

163,387

156,222

Tax

54,219

16,866

Deferred tax asset

14,109

-

Prepayments

23,231

24,485

433,970

382,233

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

30,000

30,000

Hire purchase contracts

2,492

-

Trade creditors

127,361

125,982

Amounts owed to group undertakings

240,579

223,300

Tax

33,784

20,441

Social security and other taxes

9,278

5,228

VAT

60,735

14,046

Other creditors

127,645

45,249

Accrued expenses

7,909

6,795

639,783

471,041

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

2,500

32,500

Hire purchase contracts

10,701

-

13,201

32,500

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2025 a balance of £163,387 (2024: £156,222) was owing from the directors. The maximum balance during the year was £163,387.