Impact Signs And Print Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06272388 (England and Wales)

Unaudited Financial Statements for the Year Ended 5 April 2022

for

Impact Signs And Print Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J M Fry

SECRETARY:

REGISTERED OFFICE:

61 St Thomas Street

Weymouth

Dorset

DT4 8EQ

REGISTERED NUMBER:

06272388 (England and Wales)

ACCOUNTANTS:

A Hunter & Co Ltd

Chartered Certified Accountants

61 St Thomas Street

Weymouth

Dorset

DT4 8EQ

FIXED ASSETS

Intangible assets

4

28,318

28,318

Tangible assets

5

44,235

41,203

72,553

69,521

CURRENT ASSETS

Stocks

3,000

3,000

Debtors

6

35,576

32,010

Cash at bank

3

23,048

38,579

58,058

CREDITORS

Amounts falling due within one year

7

50,256

48,094

NET CURRENT (LIABILITIES)/ASSETS

(11,677

)

9,964

TOTAL ASSETS LESS CURRENT LIABILITIES

60,876

79,485

CREDITORS

Amounts falling due after more than one year

8

27,115

40,185

NET ASSETS

33,761

39,300

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

32,761

38,300

33,761

39,300

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2022 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 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 director and authorised for issue on 22 September 2022 and were signed by:

J M Fry - Director

1.	STATUTORY INFORMATION

Impact Signs And Print 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.

Goodwill

Goodwill is not being amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Government grants

All Government Grants received are treated under the accrual model relating to revenue and as such are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Stocks

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 6 April 2021

and 5 April 2022

28,318

NET BOOK VALUE

At 5 April 2022

28,318

At 5 April 2021

28,318

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 6 April 2021

80,872

Additions

13,489

At 5 April 2022

94,361

DEPRECIATION

At 6 April 2021

39,669

Charge for year

10,457

At 5 April 2022

50,126

NET BOOK VALUE

At 5 April 2022

44,235

At 5 April 2021

41,203

6.

DEBTORS

5.4.22

5.4.21

£

£

Amounts falling due within one year:

Other debtors

529

529

Amounts falling due after more than one year:

Trade debtors

35,047

31,481

Aggregate amounts

35,576

32,010

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.22

5.4.21

£

£

Bank loans and overdrafts

28,005

20,423

Trade creditors

9,738

10,782

Taxation and social security

11,241

15,755

Other creditors

1,272

1,134

50,256

48,094

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

5.4.22

5.4.21

£

£

Bank loans

-

2,889

Hire purchase contracts

27,115

37,296

27,115

40,185