true
Impact Services Northern Limited
04604312
2016-02-29
290524
174044
290624
174144
100
100
290624
174144
17342
21108
307966
195252
271728
155972
1891849
1348361
2163577
1504333
2015870
1414458
147707
89875
36238
39280
36238
39280
Basis of accounting
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).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax, together with service contract revenue which is recognised as contractual activity progresses, and is derived from the ordinary activities of the company which is that of the provision of security services.
Revenue is recognised on the completion of services on an accruals basis.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account on a straight line basis.
Finance lease agreements
Where the company enters into a lease which entails taking substantially all the risks and rewards
of ownership of an asset, the lease is treated as a finance lease. The asset is recorded in the
balance sheet as a tangible fixed asset and is depreciated in accordance with the above
depreciation policies. Future instalments under such leases, net of finance charges, are included within creditors. Rentals payable are apportioned between the finance element, which is charged to the profit and loss account on a straight line basis, and the capital element which reduces the outstanding obligation for future instalments.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Plant & Machinery
Reducing balance
0.2500
Fixtures & Fittings
Reducing balance
0.2500
Motor Vehicles
Reducing balance
0.2500
138860
133819
21023
-15982
102622
94539
15076
-6993
138860
133819
21023
-15982
102622
94539
-6993
15076
Ordinary
100
1
100
100
Ordinary
1
100
100
100
2016-11-30
Mr S McBride
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Impact Services Northern Limited
2015-03-01
2016-02-29
Impact Services Northern Limited
2014-03-01
2015-02-28
Impact Services Northern Limited
2014-02-28
Impact Services Northern Limited
2015-02-28
Impact Services Northern Limited
2015-02-28
Impact Services Northern Limited
2016-02-29
2016-11-30