Impulse Electrics Ltd - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 09951682 (England and Wales)

Unaudited Financial Statements

for the Period 14 January 2016 to 31 January 2017

for

Impulse Electrics Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

Mr K S Bharaj

REGISTERED OFFICE:

94a Laurel Road

Handsworth

Birmingham

West Midlands

B21 9PG

REGISTERED NUMBER:

09951682 (England and Wales)

ACCOUNTANTS:

Anil K Bhagi Chartered Accountants

and Registered Auditors

91 Soho Hill

Hockley

Birmingham

West Midlands

B19 1AY

The following reproduces the text of the report prepared for the director and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Impulse Electrics Ltd for the period ended 31 January 2017 which comprise the Income

Statement, 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Impulse Electrics Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Impulse Electrics Ltd and state those matters that we have agreed to state to the director of Impulse Electrics Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Impulse Electrics Ltd director for our work or for this report.

It is your duty to ensure that Impulse Electrics Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Impulse Electrics Ltd. You consider that Impulse Electrics Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Impulse Electrics Ltd. 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 statutory financial statements.

Anil K Bhagi Chartered Accountants

and Registered Auditors

91 Soho Hill

Hockley

Birmingham

West Midlands

B19 1AY

9 October 2017

FIXED ASSETS

Tangible assets

4

3,387

CURRENT ASSETS

Debtors

5

2,202

Cash at bank and in hand

520

2,722

CREDITORS

Amounts falling due within one year

6

5,256

NET CURRENT LIABILITIES

(2,534

)

TOTAL ASSETS LESS CURRENT LIABILITIES

853

PROVISIONS FOR LIABILITIES

7

28

NET ASSETS

825

CAPITAL AND RESERVES

Called up share capital

8

1

Retained earnings

824

SHAREHOLDERS' FUNDS

825

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2017 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 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 director on 9 October 2017 and were signed by:

Mr K S Bharaj - Director

1.	STATUTORY INFORMATION

Impulse Electrics Ltd 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

The turnover is measured at fair value of the consideration received or receivable,excluding discounts and

rebates.

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

-

15% on reducing balance

Taxation

Taxation for the period 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 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

Additions

3,520

At 31 January 2017

3,520

DEPRECIATION

Charge for period

133

At 31 January 2017

133

NET BOOK VALUE

At 31 January 2017

3,387

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

2,058

Prepayments and accrued income

144

2,202

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Tax

178

Other creditors

200

Directors' current accounts

4,270

Accruals and deferred income

608

5,256

7.	PROVISIONS FOR LIABILITIES

£

Deferred tax

28

Deferred

tax

£

Charge to Income Statement during period

28

Balance at 31 January 2017

28

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

1 Ordinary share of £1 was allotted and fully paid for cash at par during the period.

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr K S Bharaj.