| Impact Distribution Services Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Impact Distribution Services Limited for the year ended 31 January 2014 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Impact Distribution Services Limited for the year ended 31 January 2014 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Impact Distribution Services Limited, as a body, in accordance with the terms of our engagement letter dated 21 February 2014. Our work has been undertaken solely to prepare for your approval the accounts of Impact Distribution Services Limited and state those matters that we have agreed to state to the Board of Directors of Impact Distribution Services Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Impact Distribution Services Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that Impact Distribution Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Impact Distribution Services Limited. You consider that Impact Distribution Services Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the accounts of Impact Distribution Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. |
|
| CMEasy Limited |
| Chartered Accountants |
| Anglo Dal House |
| 5 Spring Villa Park |
| Edgware |
| Middlesex |
| HA8 7EB |
|
| 11 September 2014 |
|
| Impact Distribution Services Limited |
| Registered number: |
04077470 |
| Abbreviated Balance Sheet |
| as at 31 January 2014 |
|
|
Notes |
|
|
2014 |
|
|
2013 |
|
|
|
|
£ |
|
|
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
1 |
|
|
2,701 |
| Tangible assets |
3 |
|
|
22,162 |
|
|
29,732 |
|
|
|
|
22,163 |
|
|
32,433 |
|
| Current assets |
| Debtors |
|
|
290,380 |
|
|
279,667 |
| Cash at bank and in hand |
|
|
32,511 |
|
|
27,851 |
|
|
|
322,891 |
|
|
307,518 |
|
| Creditors: amounts falling due within one year |
|
|
(289,118) |
|
|
(288,633) |
|
| Net current assets |
|
|
|
33,773 |
|
|
18,885 |
|
| Net assets |
|
|
|
55,936 |
|
|
51,318 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
105 |
|
|
105 |
| Profit and loss account |
|
|
|
55,831 |
|
|
51,213 |
|
| Shareholders' funds |
|
|
|
55,936 |
|
|
51,318 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| S. Drysdale Esq. |
| Director |
| Approved by the board on 11 September 2014 |
|
| Impact Distribution Services Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 January 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation and amortisation |
|
Depreciation and amortisation have been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% reducing balance |
|
Motor vehicles |
25% reducing balance |
|
Goodwill |
5 years straight line |
|
|
Leasing and hire purchase commitments |
|
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 February 2013 |
13,501 |
|
At 31 January 2014 |
13,501 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 February 2013 |
10,800 |
|
Provided during the year |
2,700 |
|
At 31 January 2014 |
13,500 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2014 |
1 |
|
At 31 January 2013 |
2,701 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 February 2013 |
110,950 |
|
At 31 January 2014 |
110,950 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2013 |
81,218 |
|
Charge for the year |
7,570 |
|
At 31 January 2014 |
88,788 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2014 |
22,162 |
|
At 31 January 2013 |
29,732 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
|
|
value |
|
Number |
|
£ |
|
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
105 |
|
105 |
|
105 |
|
|
|
|
|
|
|
|
|
