Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-311true2022-04-01falseNo description of principal activity1truefalse SC674645 2022-04-01 2023-03-31 SC674645 2023-03-31 SC674645 2021-04-01 2022-03-31 SC674645 2022-03-31 SC674645 c:Director1 2022-04-01 2023-03-31 SC674645 d:CurrentFinancialInstruments 2023-03-31 SC674645 d:CurrentFinancialInstruments 2022-03-31 SC674645 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC674645 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 SC674645 d:ShareCapital 2023-03-31 SC674645 d:ShareCapital 2022-03-31 SC674645 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC674645 d:RetainedEarningsAccumulatedLosses 2022-03-31 SC674645 c:OrdinaryShareClass1 2022-04-01 2023-03-31 SC674645 c:OrdinaryShareClass1 2023-03-31 SC674645 c:OrdinaryShareClass1 2022-03-31 SC674645 c:FRS102 2022-04-01 2023-03-31 SC674645 c:Audited 2022-04-01 2023-03-31 SC674645 c:FullAccounts 2022-04-01 2023-03-31 SC674645 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC674645 c:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 SC674645 e:PoundSterling 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Company Registration Number SC674645























IGNITE CONSULTANCY SERVICES LIMITED (FORMALLY VIRTUAL CLEANING SERVICES LIMITED)





FINANCIAL STATEMENTS





 31 MARCH 2023

























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IGNITE CONSULTANCY SERVICES LIMITED (FORMALLY VIRTUAL CLEANING SERVICES LIMITED)
REGISTERED NUMBER: SC674645

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
Unaudited 2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
7,691
6,640

Cash at bank and in hand
  
1,080
2,791

  
8,771
9,431

Creditors: amounts falling due within one year
 5 
(26,264)
(22,494)

Net current liabilities
  
 
 
(17,493)
 
 
(13,063)

Total assets less current liabilities
  
(17,493)
(13,063)

  

Net liabilities
  
(17,493)
(13,063)

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IGNITE CONSULTANCY SERVICES LIMITED (FORMALLY VIRTUAL CLEANING SERVICES LIMITED)
REGISTERED NUMBER: SC674645

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
(17,593)
(13,163)

  
(17,493)
(13,063)


The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

___________________________
Grant James Currie
Director
Date: 2 April 2024

The notes on pages 3 to 5 form part of these financial statements.

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IGNITE CONSULTANCY SERVICES LIMITED (FORMALLY VIRTUAL CLEANING SERVICES LIMITED)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Ignite Consultancy Services Ltd is a private company, limited by shares, registered in Scotland. The company's registered number is SC674645 and the registered office address and principal place of business is 5 Redwood Place, East Kilbride, Glasgow, G74 5PB.
The financial statements are presented in pound sterling as this is the currency of the primary economic enviroment in which the company operates.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

In  preparing  these  financial  statements,  the  directors  of  the  company  have  given  careful
consideration to current and anticipated future solvency requirements of the company and its ability to continue as a going concern for the foreseeable future. The Directors have prepared the financial
statements on a going concern basis. 
Virtual FM Limited, a fellow group company, has confirmed that, for at least 12 months from the date
of signing the accounts, it will make available such funds as are needed by Ignite Consultancy Services Limited to meet its third party liabilities as they fall due. In addition, Virtual FM Limited will not seek repayment of any amounts currently  due  to  Virtual FM Limited  if  this  would prevent Ignite Consultancy Services Limited  from meeting its third party obligations as they fall due.
Based on the above, the directors believe it remains appropriate to prepare the financial statements
on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

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IGNITE CONSULTANCY SERVICES LIMITED (FORMALLY VIRTUAL CLEANING SERVICES LIMITED)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

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




The average monthly number of employees, including the director, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
1
1


4.


Debtors

2023
2022
£
£


Trade debtors
-
2,104

Other debtors
7,691
4,536

7,691
6,640



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
55
-

Amounts owed to group undertakings
22,308
20,994

Accruals and deferred income
3,901
1,500

26,264
22,494



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid
Page 4

 
IGNITE CONSULTANCY SERVICES LIMITED (FORMALLY VIRTUAL CLEANING SERVICES LIMITED)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.Share capital (continued)




100 (2022 - 100) Ordinary shares of £1.00 each
100
100



7.


Related party transactions


As at 31 March 2023, an associated company was owed £22,308 (2022: £20,994) by Ignite Consultancy Services Ltd. The amounts are unsecured, interest-free and repayable on demand.


8.


Controlling party

The ultimate controlling party is Virtual Group Holdings Limited by virtue of shares held.


9.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2023 was unqualified.

The audit report was signed on 3 April 2024 by Martin Johnston CA (Senior Statutory Auditor) on behalf of Armstrong Watson Audit Limited.


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