Impacct Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 07029392 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2016

for

Impacct Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

T Ball

Miss E Johnson

SECRETARY:

REGISTERED OFFICE:

12 High Street

Stevenage

Hertfordshire

SG1 3EJ

REGISTERED NUMBER:

07029392 (England and Wales)

ACCOUNTANTS:

Base52 Ltd

Chartered Management Accountants

Suite 9

30 Bancroft

Hitchin

Hertfordshire

SG5 1LE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

7,015

5,915

7,015

5,915

CURRENT ASSETS

Debtors

6

132,215

254,275

Cash at bank and in hand

356,643

83,467

488,858

337,742

CREDITORS

Amounts falling due within one year

7

454,417

326,912

NET CURRENT ASSETS

34,441

10,830

TOTAL ASSETS LESS CURRENT LIABILITIES

41,456

16,745

PROVISIONS FOR LIABILITIES

222

-

NET ASSETS

41,234

16,745

CAPITAL AND RESERVES

Called up share capital

8

50

50

Capital redemption reserve

25

25

Retained earnings

41,159

16,670

SHAREHOLDERS' FUNDS

41,234

16,745

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 1 June 2017 and were signed on its behalf by:

T Ball - Director

1.	STATUTORY INFORMATION

Impacct 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax, recognised at the date of

invoice.

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 is being amortised evenly over its estimated useful life of three years.

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

-

33% on reducing balance and 25% on cost

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 that have been

enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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 8 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2016

and 31 December 2016

1,444

AMORTISATION

At 1 January 2016

and 31 December 2016

1,444

NET BOOK VALUE

At 31 December 2016

-

At 31 December 2015

-

Computer Software relates to Website Development and is amortised over its useful life of 3 years.

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

33,657

Additions

4,666

At 31 December 2016

38,323

DEPRECIATION

At 1 January 2016

27,742

Charge for year

3,566

At 31 December 2016

31,308

NET BOOK VALUE

At 31 December 2016

7,015

At 31 December 2015

5,915

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

121,153

237,554

Other debtors

11,062

16,721

132,215

254,275

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

843

3,885

Trade creditors

31,517

57,590

Taxation and social security

36,088

30,893

Other creditors

385,969

234,544

454,417

326,912

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

50

Ordinary

1

50

50

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £85,000 (2015 - £50,000) were paid to the directors .

10.	ULTIMATE CONTROLLING PARTY