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REGISTERED NUMBER: 07944773 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Brand Ignite Limited

Brand Ignite Limited (Registered number: 07944773)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brand Ignite Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: P C Arscott
Mrs K L Arscott





REGISTERED OFFICE: Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW





BUSINESS ADDRESS: 3 Dover Street
Leicester
Leicestershire
LE1 6PW





REGISTERED NUMBER: 07944773 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Brand Ignite Limited (Registered number: 07944773)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 482,014 499,910

CURRENT ASSETS
Debtors 5 192,679 110,202
Cash at bank 41,758 61,500
234,437 171,702
CREDITORS
Amounts falling due within one year 6 (214,669 ) (135,600 )
NET CURRENT ASSETS 19,768 36,102
TOTAL ASSETS LESS CURRENT
LIABILITIES

501,782

536,012

CREDITORS
Amounts falling due after more than one
year

7

(312,091

)

(356,203

)

PROVISIONS FOR LIABILITIES (2,282 ) (3,783 )
NET ASSETS 187,409 176,026

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 102,739 104,095
Retained earnings 84,570 71,831
187,409 176,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

Brand Ignite Limited (Registered number: 07944773)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2023 and were signed on its behalf by:





P C Arscott - Director


Brand Ignite Limited (Registered number: 07944773)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Brand Ignite Limited 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 Financial Reporting Standard 102
"The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the
provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have
been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 7 (2022 - 7 ) .

Brand Ignite Limited (Registered number: 07944773)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2022 500,000 95,010 51,151 646,161
Additions - 413 1,753 2,166
At 31 March 2023 500,000 95,423 52,904 648,327
DEPRECIATION
At 1 April 2022 20,000 83,248 43,003 146,251
Charge for year 10,000 3,537 6,525 20,062
At 31 March 2023 30,000 86,785 49,528 166,313
NET BOOK VALUE
At 31 March 2023 470,000 8,638 3,376 482,014
At 31 March 2022 480,000 11,762 8,148 499,910

Cost or valuation at 31 March 2023 is represented by:

Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Valuation in 2020 67,825 95,423 52,904 216,152
Cost 432,175 - - 432,175
500,000 95,423 52,904 648,327

If freehold property had not been revalued they would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 432,175 432,175
Aggregate depreciation 65,558 56,915

Freehold property were valued on an open market basis on 31 March 2020 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 116,976 33,846
Other debtors 75,703 76,356
192,679 110,202

Other debtors includes prepayments and accrued income of £3,000 (2022: £3,000)

Brand Ignite Limited (Registered number: 07944773)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 55,853 48,619
Trade creditors 41,828 27,292
Taxation and social security 61,400 51,596
Other creditors 55,588 8,093
214,669 135,600

Other creditors includes accruals and deferred income of £54,540 (2022: £6,540)

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 312,091 356,203

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 127,553 165,383

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Mortgage 207,380 219,138

The mortgage is secured by way of a fixed charge over the freehold property of the company.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
P C Arscott
Balance outstanding at start of year 73,356 70,471
Amounts advanced 72,703 73,356
Amounts repaid (73,356 ) (70,471 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 72,703 73,356

The loan is charged at the official HMRC rate and is repayable on demand.