Ignite Your Talent Limited Filleted Accounts Cover
Ignite Your Talent Limited
Company No. 10828467
Information for Filing with The Registrar
30 June 2023
Ignite Your Talent Limited Balance Sheet Registrar
at
30 June 2023
Company No.
10828467
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
5171,034
5171,034
Current assets
Debtors
5
-1,144
Cash at bank and in hand
17,7796,696
17,7797,840
Creditors: Amount falling due within one year
6
(12,916)
(8,699)
Net current assets/(liabilities)
4,863
(859)
Total assets less current liabilities
5,380175
Net assets
5,380175
Capital and reserves
Called up share capital
11
Profit and loss account
7
5,379174
Total equity
5,380175
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 June 2023 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 August 2023
And signed on its behalf by:
S.A. Griffiths
Director
31 August 2023
Ignite Your Talent Limited Notes to the Accounts Registrar
for the year ended 30 June 2023
1
General information
Its registered number is: 10828467
Its registered office is:
10 Glazebrook Lane
Widnes
WA8 5BP
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover represents net invoiced sale of services, excluding value added tax.
Taxation
Tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 July 2022
4,6324,632
At 30 June 2023
4,6324,632
Depreciation
At 1 July 2022
3,5983,598
Charge for the year
517517
At 30 June 2023
4,1154,115
Net book values
At 30 June 2023
517517
At 30 June 2022
1,034
1,034
5
Debtors
2023
2022
£
£
Trade debtors
-1,144
-1,144
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Taxes and social security
7,937
3,431
Loans from directors
63950
Accruals and deferred income
4,3405,218
12,9168,699
7
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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