Impact Signs And Print Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 06272388 (England and Wales)

Unaudited Financial Statements for the Year Ended 5 April 2023

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

35,910

44,235

64,228

72,553

CURRENT ASSETS

Stocks

3,000

3,000

Debtors

6

43,110

35,576

Cash at bank

-

3

46,110

38,579

CREDITORS

Amounts falling due within one year

7

70,227

50,256

NET CURRENT LIABILITIES

(24,117

)

(11,677

)

TOTAL ASSETS LESS CURRENT LIABILITIES

40,111

60,876

CREDITORS

Amounts falling due after more than one year

8

8,445

27,115

NET ASSETS

31,666

33,761

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

30,666

32,761

31,666

33,761

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2023 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 18 July 2023 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

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 4 (2022 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 6 April 2022

and 5 April 2023

28,318

NET BOOK VALUE

At 5 April 2023

28,318

At 5 April 2022

28,318

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 6 April 2022

and 5 April 2023

94,361

DEPRECIATION

At 6 April 2022

50,126

Charge for year

8,325

At 5 April 2023

58,451

NET BOOK VALUE

At 5 April 2023

35,910

At 5 April 2022

44,235

6.

DEBTORS

5.4.23

5.4.22

£

£

Amounts falling due within one year:

Other debtors

529

529

Amounts falling due after more than one year:

Trade debtors

42,581

35,047

Aggregate amounts

43,110

35,576

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.23

5.4.22

£

£

Bank loans and overdrafts

48,118

28,005

Trade creditors

12,088

9,738

Taxation and social security

8,575

11,241

Other creditors

1,446

1,272

70,227

50,256

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

5.4.23

5.4.22

£

£

Hire purchase contracts

8,445

27,115