ACCOUNTS - Final Accounts preparation

Registered number: 16286106

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE PERIOD ENDED 31 DECEMBER 2025

	IMPACT SPORTS + MEDIA LIMITED


IMPACT SPORTS + MEDIA LIMITED REGISTERED NUMBER:16286106

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025
Note		£

Fixed assets
Tangible assets	4		149,177
			149,177
Current assets
Debtors: amounts falling due within one year	5	63,576
Cash at bank and in hand		44,156
		107,732
Creditors: amounts falling due within one year	6	(1,498,022)
Net current (liabilities)/assets			(1,390,290)
Total assets less current liabilities			(1,241,113)

Net (liabilities)/assets			(1,241,113)

Capital and reserves
Called up share capital			2
Profit and loss account			(1,241,115)
			(1,241,113)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 September 2026.

................................................ M Buck	................................................ R S Gray
Director	Director

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IMPACT SPORTS + MEDIA LIMITED REGISTERED NUMBER:16286106

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2025

The notes on pages 3 to 6 form part of these financial statements.

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IMPACT SPORTS + MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

1.	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Eden Point
Three Acres Lane
Cheadle Hulme
United Kingdom
SK8 6RL

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

At the reporting date, the Company had net liabilities of £1,241,112. Included within the Company's liabilities is an amount of approximately £1,460,000 due to a company under the control of one of the Company's directors.

In assessing the appropriateness of the going concern basis, the directors have considered the Company's financial position, expected future trading performance and cash flow requirements, together with the continued financial support available from the director's related company. The related company has confirmed its intention to continue to provide financial support to the Company and not to seek repayment of amounts due where such repayment would prejudice the Company's ability to meet its liabilities as they fall due, for a period of at least 12 months from the date of approval of these financial statements. The directors have also considered the ability of the related company to provide this support.

Having considered the Company's forecasts, expected cash flows and the continued availability of this financial support, the directors have a reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors consider it appropriate to prepare the financial statements on the going concern basis.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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IMPACT SPORTS + MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Fixtures and fittings	-	15%	straight line
				Leasehold improvements	-	15%	straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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IMPACT SPORTS + MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

Employees

The average monthly number of employees, including directors, during the period was 5.

4.	Tangible fixed assets

	Fixtures and fittings	Leasehold improvements	Total
	£	£	£
Cost or valuation
Additions	66,892	96,972	163,864
At 31 December 2025	66,892	96,972	163,864
Depreciation
Charge for the period	5,118	9,569	14,687
At 31 December 2025	5,118	9,569	14,687
Net book value
At 31 December 2025	61,774	87,403	149,177

Debtors

					2025
					£


	Trade debtors	21,840
	Other debtors	30,300
	Prepayments and accrued income	11,436
		63,576

6.	Creditors: Amounts falling due within one year
		2025
		£

	Other loans	1,460,000
	Trade creditors	5,419
	Other taxation and social security	31,906
	Other creditors	697
		1,498,022

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IMPACT SPORTS + MEDIA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

7.	Related party transactions

During the year, the Company received financial support from a company under the control of one of the Company's directors.

At the reporting date, an amount of £1,460,000 was due to this related company. The balance is unsecured, interest-free has no fixed repayment date. The related company has confirmed its intention to continue to provide financial support to the Company and not to seek repayment of amounts due where such repayment would prejudice the Company's ability to meet its liabilities as they fall due, for a period of at least 12 months from the date of approval of these financial statements.

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