Impact Commercial Finance Limited - Period Ending 2018-03-31

Registration number: 08018322

Impact Commercial Finance Limited

previously trading as Direct Asset Finance (Cheltenham) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2018

Impact Commercial Finance Limited

previously trading as Direct Asset Finance (Cheltenham) Limited

Contents

Balance Sheet

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Impact Commercial Finance Limited

previously trading as Direct Asset Finance (Cheltenham) Limited

(Registration number: 08018322)
Balance Sheet as at 31 March 2018

	2018 £	2017 £
Fixed assets	526	359
Current assets	85,026	88,013
Creditors: Amounts falling due within one year	(42,595)	(37,092)
Net current assets	42,431	50,921
Total assets less current liabilities	42,957	51,280
Creditors: Amounts falling due after more than one year	(30,555)	(10,800)
Accruals and deferred income	(2,000)	(120)
	10,402	40,360
Capital and reserves	10,402	40,360

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the director on 21 December 2018
 

.........................................
 

Mr N Smith
Director

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Impact Commercial Finance Limited

previously trading as Direct Asset Finance (Cheltenham) Limited

(Registration number: 08018322)
Balance Sheet as at 31 March 2018 (continued)

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Freshford House
Redcliffe Way
Bristol
BS1 6NL
England

These financial statements were authorised for issue by the director on 21 December 2018.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2017 - 2).

3	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

A charge exists over any intellectual property rights owned by the company or its directors whether registered or unregistered. A fixed and floating charge is also in place relating to its pension scheme and is secured over all the assets of the company.

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