Impact Knowledge Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 12075030 (England and Wales)

Unaudited Financial Statements

For The Year Ended 30 June 2022

for

Impact Knowledge Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms F M Rose

Mrs K A Grinham

S A R Purkiss

REGISTERED OFFICE:

Avalon House, Waltham Business Park

Brickyard Road

Swanmore

Southampton

Hampshire

SO32 2SA

REGISTERED NUMBER:

12075030 (England and Wales)

ACCOUNTANTS:

Butler & Co (Bishops Waltham) Limited

Chartered Accountants

Avalon House

Waltham Business Park

Brickyard Road, Swanmore

Southampton

Hampshire

SO32 2SA

FIXED ASSETS

Intangible assets

5

-

4,614

CURRENT ASSETS

Debtors

6

204,907

35,551

Cash at bank

45,562

46,510

250,469

82,061

CREDITORS

Amounts falling due within one year

7

80,211

14,731

NET CURRENT ASSETS

170,258

67,330

TOTAL ASSETS LESS CURRENT LIABILITIES

170,258

71,944

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

170,248

71,934

SHAREHOLDERS' FUNDS

170,258

71,944

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2022 and were signed on its behalf by:

Mrs K A Grinham - Director

1.	STATUTORY INFORMATION

Impact Knowledge Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

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.

Computer software and website is being amortised evenly over its estimated useful life of two years.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

4.	EMPLOYEES AND DIRECTORS

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

5.	INTANGIBLE FIXED ASSETS

Computer

software

and

website

£

COST

At 1 July 2021

and 30 June 2022

9,228

AMORTISATION

At 1 July 2021

4,614

Amortisation for year

4,614

At 30 June 2022

9,228

NET BOOK VALUE

At 30 June 2022

-

At 30 June 2021

4,614

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

£

Trade debtors

204,907

15,538

Other debtors

-

20,000

VAT

-

13

204,907

35,551

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

£

Trade creditors

20,531

6,609

Tax

24,193

7,192

VAT

32,137

-

Accrued expenses

3,350

930

80,211

14,731