Impactchoice Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06943162 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2013

for

IMPACTCHOICE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

to

4

DIRECTORS:

L R D Harley

A K Rowe

SECRETARY:

KHCS Secretaries Limited

REGISTERED OFFICE:

Unit 2

Capital Business Park

Manor Way

Borehamwood

Hertfordshire

WD6 1GW

REGISTERED NUMBER:

06943162 (England and Wales)

ACCOUNTANTS:

Sovereign Associates Limited

Unit 2 Capital Business Park

Manor Way

Borehamwood

WD6 1GW

FIXED ASSETS

Tangible assets

2

-

347

CURRENT ASSETS

Debtors

14,969

23,124

Cash at bank

892

1,640

15,861

24,764

CREDITORS

Amounts falling due within one year

120,101

94,348

NET CURRENT LIABILITIES

(104,240

)

(69,584

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(104,240

)

(69,237

)

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

(105,240

)

(70,237

)

SHAREHOLDERS' FUNDS

(104,240

)

(69,237

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 1 May 2014 and were signed on its behalf by:

A K Rowe - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

life.

Computer equipment - 33.33% per annum straight line

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Going concern

The accounts have been prepared on the going concern basis as the directors have received assurances that

support from the shareholders and investors will be ongoing for the foreseeable future.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

and 30 November 2013

819

DEPRECIATION

At 1 December 2012

472

Charge for year

167

Impairments

180

At 30 November 2013

819

NET BOOK VALUE

At 30 November 2013

-

At 30 November 2012

347

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

10,000

A ordinary voting shares

0.05

500

500

10,000

B ordinary non-voting

0.05

500

500

1,000

1,000

The share capital of the Company is £1,000 divided into 10,000 "A" ordinary voting shares and 10,000 "B"

ordinary non-voting shares of £0.05 each save that the "A" ordinary voting shares shall have no right to

participate in the profits and assets of the Company nor rights to receive dividends.

The "B" ordinary non-voting shares shall on a winding up or other repayment of capital entitle the holders to

have the assets of the company available for distribution among the members applied, in priority to any other

class of shares, in paying to them pari passu the capital paid on such shares.

The "B" ordinary non-voting shares shall not entitle the holders to receive notice of or attend or vote at any

general meeting.

4.	ULTIMATE PARENT COMPANY

ImpactChoice Limited, in Mauritius, is the ultimate controlling parent company.

5.	RELATED PARTY DISCLOSURES

The company is controlled by ImpactChoice Limited (Mauritius), a company incorporated in Mauritius.

Included in other creditors are loans from the following companies:

- Holly Investments (Pty) Limited of £9,883 (2012: £12,672)

- Lifesense Group of £34,702 (2012: £7,508)

- ImpactChoice Limited (Mauritius) £59,423 (2012: £59,299)