Impact Products Limited - Accounts to registrar (filleted) - small 18.2

Impact Products Limited - Accounts to registrar (filleted) - small 18.2

IMPACT PRODUCTS LIMITED - Company Information

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REGISTERED NUMBER: 03934044 (England and Wales)















Financial Statements for the Year Ended 31 July 2018

for

Impact Products Limited
Impact Products Limited (Registered number: 03934044)






Contents of the Financial Statements
for the Year Ended 31 July 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Impact Products Limited

Company Information
for the Year Ended 31 July 2018







DIRECTOR: Mr A Gilbey





REGISTERED OFFICE: Foresters Hall
25/27 Westow Street
Upper Norwood
London
SE19 3RY





REGISTERED NUMBER: 03934044 (England and Wales)





ACCOUNTANTS: Gibsons Financial Limited
Chartered Accountants
Foresters Hall
25/27 Westow Street
Upper Norwood
London
SE19 3RY
Page 1
Impact Products Limited (Registered number: 03934044)

Abridged Balance Sheet
31 July 2018

31/7/18 31/7/17
Notes £    £   
CURRENT ASSETS
Debtors 45,923 281,614
Cash at bank - 86,002
45,923 367,616
CREDITORS
Amounts falling due within one year (135,166 ) (456,859 )
NET CURRENT LIABILITIES (89,243 ) (89,243 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(89,243
)
(89,243
)

PROVISIONS FOR LIABILITIES (360 ) (360 )
NET LIABILITIES (89,603 ) (89,603 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (89,703 ) (89,703 )
SHAREHOLDERS' FUNDS (89,603 ) (89,603 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2018 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 notes form part of these financial statements

Page 2 continued...
Impact Products Limited (Registered number: 03934044)

Abridged Balance Sheet - continued
31 July 2018



The financial statements were approved by the director on 30 April 2019 and were signed by:





Mr A Gilbey - Director


The notes form part of these financial statements

Page 3
Impact Products Limited (Registered number: 03934044)

Notes to the Financial Statements
for the Year Ended 31 July 2018

1. STATUTORY INFORMATION

Impact Products 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.

At the balance sheet date the liabilities exceeded the assets by £89,603 of which £134,058 is owed to
its director. The financial statements do not include any adjustments that may have to be made should
the company be unsuccessful in at least maintaining the current levels of financial support from its
directors and suppliers.


At the Balance Sheet date the company's liabilities exceeded its assets by £89,603. The company
meets its day to day working capital requirements as a result of financial assistance provided by one
of its director, Mr A Gilbey. At the Balance Sheet date he was owed £134,058 by the company.

Mr Gilbey has indicated that his loans to the company should remain at its disposal for the foreseeable
future and does not intend to seek immediate repayment of this loan for the foreseeable future. The
director therefore consider it appropriate to prepare the financial statements on the going concern
basis.

The financial statements do not include any adjustments that may have to be made should the
company be unsuccessful in at least maintaining the current levels of financial support.

The company was dormant throughout the year ended 31 July 2018. However, reference to
information relating to the year ended 31 July 2017 has been made where appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 1 ).

Page 4 continued...
Impact Products Limited (Registered number: 03934044)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2018

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2017
and 31 July 2018 42,172
DEPRECIATION
At 1 August 2017
and 31 July 2018 42,172
NET BOOK VALUE
At 31 July 2018 -
At 31 July 2017 -

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2018 and
31 July 2017:

31/7/18 31/7/17
£    £   
Mr A Gilbey
Balance outstanding at start of year 169,477 164,907
Amounts advanced - 4,570
Amounts repaid (303,535 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (134,058 ) 169,477

6. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Gilbey.

Page 5