IMPACT_SEWING_MACHINERY_L - Accounts


Company Registration Number 02941002 (England and Wales)
IMPACT SEWING MACHINERY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
PAGES FOR FILING WITH REGISTRAR
IMPACT SEWING MACHINERY LIMITED
BALANCE SHEET
AS AT
30 JUNE 2021
30 June 2021
- 1 -
2021
2020
£
£
£
£
Fixed assets
343,518
129,359
Current assets
923,515
843,706
Creditors: amounts falling due within one year
(580,744)
(434,852)
Net current assets
342,771
408,854
Total assets less current liabilities
686,289
538,213
Creditors: amounts falling due after more than one year
(259,497)
(314,258)
Net assets
426,792
223,955
Capital and reserves
426,792
223,955
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees

At the balance sheet date the director owed the company £396,533 (2020 - £597,528). The loan was interest free and repayable to the company on demand.

2
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2021
2020
Number
Number
Employees
5
3

Impact Sewing Machinery Limited is a private company limited by shares incorporated in England and Wales. The registered office is Athenia House, 10-14 Andover Road, Winchester, Hampshire, United Kingdom, SO23 7BS.

For the year ended 30 June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

IMPACT SEWING MACHINERY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2021
30 June 2021
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 24 February 2022
Mr N T Tait
Director
Company Registration Number 02941002
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