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Registration number: 12757823

Ignition Motorsport Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2022

 

Ignition Motorsport Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

3

 

Ignition Motorsport Ltd

Company Information

Director

Mrs L Wolfenden

Registered office

Unit 2 Turnpike Industrial Estate
Turnpike Road
Newbury
Berkshire
RG14 2LR

Accountants

Opus Accounting Limited
Chartered Certified Accountants
Lindenmuth House
37 Greenham Business Park
Greenham
Thatcham
Berkshire
RG19 6HW

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Ignition Motorsport Ltd
for the Year Ended 31 July 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ignition Motorsport Ltd for the year ended 31 July 2022 as set out on pages 3 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Ignition Motorsport Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Ignition Motorsport Ltd and state those matters that we have agreed to state to the Board of Directors of Ignition Motorsport Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ignition Motorsport Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ignition Motorsport Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Ignition Motorsport Ltd. You consider that Ignition Motorsport Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Ignition Motorsport Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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

Opus Accounting Limited
Chartered Certified Accountants
Lindenmuth House
37 Greenham Business Park
Greenham
Thatcham
Berkshire
RG19 6HW

14 February 2024

 

Ignition Motorsport Ltd

(Registration number: 12757823)
Balance Sheet as at 31 July 2022

2022
£

2021
£

Current assets

22,035

1,356

Creditors: Amounts falling due within one year

(37,799)

(5,486)

Total assets less current liabilities

(15,764)

(4,130)

Accruals and deferred income

(3,979)

(1,440)

 

(19,743)

(5,570)

Capital and reserves

(19,743)

(5,570)

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:
Unit 2 Turnpike Industrial Estate
Turnpike Road
Newbury
Berkshire
RG14 2LR
England

These financial statements were authorised for issue by the director on 13 February 2024.

Basis of preparation

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).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 5 (2021 - 2).

For the financial year ending 31 July 2022 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Ignition Motorsport Ltd

(Registration number: 12757823)
Balance Sheet as at 31 July 2022 (continued)

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.

Approved and authorised by the director on 13 February 2024
 

.........................................
Mrs L Wolfenden
Director