Impact Signs & Design Ltd - Accounts to registrar (filleted) - small 17.3

IMPACT SIGNS & DESIGN LIMITED - Company Information

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REGISTERED NUMBER: 03871576 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2017

FOR

IMPACT SIGNS & DESIGN LTD

Page

Company Information

Abridged Balance Sheet

Notes to the Financial Statements

DIRECTOR:

Mr C R Hill

SECRETARY:

Mrs E Wallworth

REGISTERED OFFICE:

Unit 6b

Lyon Road

Altrincham

Cheshire

WA14 5DG

REGISTERED NUMBER:

03871576 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Tangible assets

164,712

148,744

CURRENT ASSETS

Stocks

7,000

21,250

Debtors

91,764

81,811

Cash at bank and in hand

87,014

99,675

185,778

202,736

CREDITORS

Amounts falling due within one year

137,750

155,733

NET CURRENT ASSETS

48,028

47,003

TOTAL ASSETS LESS CURRENT
LIABILITIES

212,740

195,747

CREDITORS

Amounts falling due after more than one year

(19,110

)

(30,752

)

PROVISIONS FOR LIABILITIES

(28,175

)

(25,860

)

NET ASSETS

165,455

139,135

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

164,455

138,135

SHAREHOLDERS' FUNDS

165,455

139,135

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 6th April 2018 and were signed by:

Mr C R Hill - Director

1.	STATUTORY INFORMATION

Impact Signs & Design 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

Turnover represents the total amount receivable by the company for goods supplied and services provided, excluding value

added tax and trade discounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

10% on cost

Web design

33% on cost

Plant & machinery

at varying rates on cost

Fixtures & fittings

15% on reducing balance

Motor vehicles

25% on reducing balance

Computer equipment

33% on cost

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 15 (2016 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Totals

COST

At 1st January 2017

365,463

Additions

51,252

At 31st December 2017

416,715

DEPRECIATION

At 1st January 2017

216,719

Charge for year

35,284

At 31st December 2017

252,003

NET BOOK VALUE

At 31st December 2017

164,712

At 31st December 2016

148,744

5.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

Hire purchase contracts

34,556

42,932

6.	PROVISIONS FOR LIABILITIES

2017

2016

Deferred tax

28,175

25,860

Deferred

tax

Balance at 1st January 2017

25,860

Profit and Loss

2,315

Balance at 31st December 2017

28,175

Deferred tax arises as a result of accelerated capital allowances on fixed assets.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

800

'A' Ordinary

£1

800

175

'B' Ordinary

£1

175

'C' Ordinary

£1

1,000