Impact_Utilities_Limited - Accounts

Impact_Utilities_Limited - Accounts

IMPACT UTILITIES LIMITED - Company Information

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Impact Utilities Limited
Unaudited Abbreviated Accounts
For the period ended 31 July 2015
Company Registration No. 08971998 (England and Wales)
Impact Utilities Limited
Contents
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
Impact Utilities Limited
Abbreviated Balance Sheet
As at 31 July 2015
Page 1
2015
Notes
£
£
Fixed assets
Tangible assets
2
503
Current assets
Stocks
6,400
Debtors
12,322
Cash at bank and in hand
8,823
27,545
Creditors: amounts falling due within one year
(34,892)
Net current liabilities
(7,347)
Total assets less current liabilities
(6,844)
Capital and reserves
Called up share capital
3
1
Profit and loss account
(6,845)
Shareholders'  funds
(6,844)
For the financial period ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 12 February 2016
A McKay
Director
Company Registration No. 08971998
Impact Utilities Limited
Notes to the Abbreviated Accounts
For the period ended 31 July 2015
Page 2
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company meets it obligations as and when they fall due with careful management and support from the director. The director therefore considers it appropriate to prepare these accounts on a going concern basis.

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
20% Reducing Balance
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
£
Cost
At 2 April 2014
-
Additions
629
At 31 July 2015
629
Depreciation
At 2 April 2014
-
Charge for the period
126
At 31 July 2015
126
Net book value
At 31 July 2015
503
Impact Utilities Limited
Notes to the Abbreviated Accounts (Continued)
For the period ended 31 July 2015
Page 3
3
Share capital
2015
£
Allotted, called up and fully paid
1 Ordinary Share of £1 each
1

On incorporation the company issued 1 ordinary £1 share at par.

4
Related party relationships and transactions

Included in other creditors are amounts owing to the director of £1,959.

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