Registered Number
:
05271424
|
For the year ended 31 March 2019
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2019
IMPACT EXPRESS LIMITED
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
IMPACT EXPRESS LIMITED
Statement of Financial Position
2018
2019
Property
,
plant and equipment
|
71,757
72,523
2
71,757
72,523
3,021
3,040
3
Trade and other receivables
|
48,360
84,633
4
87,673
51,381
Trade and other payables
:
amounts falling due within one
|
year
|
(81,411)
(104,401)
5
(30,030)
(16,728)
Net current liabilities
Total assets less current liabilities
|
55,029
42,493
55,029
Net assets
42,493
36,500
36,500
18,529
5,993
55,029
42,493
Shareholders' funds
For the year ended 31 March 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
Wayne Anthony Jarvis Director
|
These financial statements were approved and authorised for issue by the Board on 24 May 2019 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 March 2019
IMPACT EXPRESS LIMITED
Notes to the Financial Statements
Statutory Information
IMPACT EXPRESS LIMITED is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
05271424
.
|
UNIT 3A
THORNHILL INDUSTRIAL ESTATE
ROTHERHAM
SOUTH YORKSHIRE
S60 1LH
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Land and buildings
Plant and machinery
Motor vehicles
Fixtures and fittings
No depreciation is provided on the company
''
s freehold properties since in the opinion of the directors the expected
|
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
|
would be immaterial
.
The directors undertake an annual impairment review of these properties
.
|
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
|
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For the year ended 31 March 2019
IMPACT EXPRESS LIMITED
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
152,417
3,500
-
143,338
5,579
8,031
-
4,495
3,536
-
146,874
4,495
3,500
160,448
5,579
Provision for depreciation and impairment
|
79,894
2,167
-
72,148
5,579
Charge for year
8,797
200
1,124
7,473
-
88,691
2,367
1,124
79,621
5,579
-
67,253
3,371
1,133
71,757
-
71,190
-
1,333
72,523
2018
2019
3,040
3,021
4
.
Trade and other receivables
|
2018
2019
84,633
48,360
5
.
Trade and other payables
:
amounts falling due within one year
|
2018
2019
6,876
1,969
67,567
50,013
Taxation and social security
|
20,147
12,174
9,811
17,255
104,401
81,411
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