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Abbreviated Unaudited Accounts |
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for the Year Ended 31st March 2016 |
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for |
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IMPACT-G LIMITED |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31st March 2016 |
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for |
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IMPACT-G LIMITED |
IMPACT-G LIMITED (REGISTERED NUMBER: 03689873) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31st March 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
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Accountants' Report | 7 |
IMPACT-G LIMITED |
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Company Information |
for the Year Ended 31st March 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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IMPACT-G LIMITED (REGISTERED NUMBER: 03689873) |
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Abbreviated Balance Sheet |
31st March 2016 |
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31/3/16 | 31/3/15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors | 4 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 5 | ( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
IMPACT-G LIMITED (REGISTERED NUMBER: 03689873) |
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Abbreviated Balance Sheet - continued |
31st March 2016 |
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The financial statements were approved by the Board of Directors on
by: |
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IMPACT-G LIMITED (REGISTERED NUMBER: 03689873) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31st March 2016 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements have been prepared under the going concern basis of accounting. |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents the value of work carried out and goods sold during the year, including amounts not yet |
invoiced, excluding value added tax. Income is being recognised according to the stage of completion of work |
done. |
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Research and development |
The company has a policy of continued improvement by research and development. Attributable materials and |
labour are capitalised and amortised over a maximum of five years. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Deferred tax |
Deferred tax is provided on the liability method to take account of timing differences between the treatment of |
certain items for accounts purposes and their treatment for tax purposes. Tax deferred is accounted for in respect |
of all material timing differences. The company has not adopted a policy of discounting deferred tax assets and |
liabilities. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance |
sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date |
of transaction. Exchange differences are taken into account in arriving at the operating result. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
capital element of the future payments is treated as a liability. |
IMPACT-G LIMITED (REGISTERED NUMBER: 03689873) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31st March 2016 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
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COST |
At 1st April 2015 |
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Additions |
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At 31st March 2016 |
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AMORTISATION |
At 1st April 2015 |
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Amortisation for year |
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At 31st March 2016 |
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NET BOOK VALUE |
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At 31st March 2016 |
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At 31st March 2015 |
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3. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1st April 2015 |
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Additions |
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At 31st March 2016 |
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DEPRECIATION |
At 1st April 2015 |
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Charge for year |
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At 31st March 2016 |
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NET BOOK VALUE |
At 31st March 2016 |
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At 31st March 2015 | 58,720 |
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4. |
DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
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The aggregate total of debtors falling due after more than one year is £
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5. | CREDITORS |
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Creditors include an amount of £
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/3/16 | 31/3/15 |
value: | £ | £ |
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Ordinary | £1 |
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IMPACT-G LIMITED (REGISTERED NUMBER: 03689873) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31st March 2016 |
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7. | ULTIMATE PARENT COMPANY |
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The ultimate parent company is The Vehicle Group Limited, a company incorporated in England and Wales. |
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8. | ULTIMATE CONTROLLING PARTY |
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The company is under the control of G M Frankland, the director, by virtue of his shareholding in the parent |
company. |
Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Impact-G Limited |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have |
been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Impact-G Limited for the year ended 31st March 2016 which comprise the Profit and Loss |
Account, the Balance Sheet, and the related notes from the company's accounting records and from information and |
explanations you have given us. |
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As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
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This report is made solely to the Board of Directors of Impact-G Limited, as a body, in accordance with the terms of our engagement letter dated 30th June 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Impact-G Limited and state those matters that we have agreed to state to the Board of Directors of Impact-G Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Impact-G Limited 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 Impact-G Limited. You consider that Impact-G Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Impact-G 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 statutory financial statements. |
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12th September 2016 |