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REGISTERED NUMBER: 07138823 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

IGNIUM MECHANICAL LIMITED

IGNIUM MECHANICAL LIMITED (REGISTERED NUMBER: 07138823)

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


IGNIUM MECHANICAL LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTOR: L Jenkins





SECRETARY:





REGISTERED OFFICE: 31 Tor View
Bedwas
Caerphilly
CF83 8HG





REGISTERED NUMBER: 07138823 (England and Wales)






IGNIUM MECHANICAL LIMITED (REGISTERED NUMBER: 07138823)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,400 23,400
Tangible assets 5 115,160 80,987
Investment property 6 744,841 744,841
877,401 849,228

CURRENT ASSETS
Debtors 7 226,474 410,877
Cash at bank 451,158 408,584
677,632 819,461
CREDITORS
Amounts falling due within one year 8 381,002 465,769
NET CURRENT ASSETS 296,630 353,692
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,174,031

1,202,920

CREDITORS
Amounts falling due after more than one year 9 101,957 119,820
NET ASSETS 1,072,074 1,083,100

CAPITAL AND RESERVES
Called up share capital 102 101
Retained earnings 1,071,972 1,082,999
SHAREHOLDERS' FUNDS 1,072,074 1,083,100

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 director acknowledges his 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.

IGNIUM MECHANICAL LIMITED (REGISTERED NUMBER: 07138823)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 September 2023 and were signed by:





L Jenkins - Director


IGNIUM MECHANICAL LIMITED (REGISTERED NUMBER: 07138823)

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


1. STATUTORY INFORMATION

Ignium Mechanical 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

IGNIUM MECHANICAL LIMITED (REGISTERED NUMBER: 07138823)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 77,400
AMORTISATION
At 1 April 2022 54,000
Charge for year 6,000
At 31 March 2023 60,000
NET BOOK VALUE
At 31 March 2023 17,400
At 31 March 2022 23,400

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 152,539
Additions 56,026
At 31 March 2023 208,565
DEPRECIATION
At 1 April 2022 71,552
Charge for year 21,853
At 31 March 2023 93,405
NET BOOK VALUE
At 31 March 2023 115,160
At 31 March 2022 80,987

IGNIUM MECHANICAL LIMITED (REGISTERED NUMBER: 07138823)

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


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 744,841
NET BOOK VALUE
At 31 March 2023 744,841
At 31 March 2022 744,841

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 198,856 153,075
Other debtors - 2,193
Due from Ass, Co, - 186,594
VAT 27,618 69,015
226,474 410,877

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 256,183 294,047
Tax 3,502 16,894
Social security and other taxes 2,181 4,299
Due to Associated Company 6,846 -
Directors' current accounts 100,348 109,347
Accrued expenses 11,942 41,182
381,002 465,769

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 2-5 years 31,604 42,553
Other loans - 2-5 years 70,353 77,267
101,957 119,820