Impact Products Limited - Limited company - abbreviated - 11.6
Impact Products Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Accounts for the Year Ended 31 July 2014 |
| for |
| Impact Products Limited |
| Impact Products Limited (Registered number: 03934044) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 July 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Impact Products Limited |
| Company Information |
| for the Year Ended 31 July 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Impact Products Limited (Registered number: 03934044) |
| Abbreviated Balance Sheet |
| 31 July 2014 |
| 31.7.14 | 31.7.13 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| Impact Products Limited (Registered number: 03934044) |
| Abbreviated Balance Sheet - continued |
| 31 July 2014 |
| The financial statements were approved by the Board of Directors on behalf by: |
| Impact Products Limited (Registered number: 03934044) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 July 2014 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| At the balance sheet date the liabilities exceeded the assets by £81,456.The directors consider this to |
| be temporary and consider it appropriate to prepare the financial statements on a 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 from its |
| directors and suppliers. |
| 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 |
| Improvements to office | - |
| Fixtures & fittings | - |
| Computer equipment | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at |
| the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of |
| exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at |
| the operating result. |
| Impact Products Limited (Registered number: 03934044) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 July 2014 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 August 2013 |
| Additions |
| At 31 July 2014 |
| DEPRECIATION |
| At 1 August 2013 |
| Charge for year |
| At 31 July 2014 |
| NET BOOK VALUE |
| At 31 July 2014 |
| At 31 July 2013 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.7.14 | 31.7.13 |
| value: | £ | £ |
| ordinary | 1 |
| 4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 July 2014 and |
| 31 July 2013: |
| 31.7.14 | 31.7.13 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| Interest of £5,200 (2013 - £5,578) has been charged for the monies advanced. |