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REGISTERED NUMBER: 13902001 (England and Wales)

















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Ignite Sports Coaching Limited

Ignite Sports Coaching Limited (Registered number: 13902001)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ignite Sports Coaching Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr J M Shimmin





REGISTERED OFFICE: Norfolk House
Hardwick Square North
Buxton
Derbyshire
SK17 6PU





REGISTERED NUMBER: 13902001 (England and Wales)





ACCOUNTANTS: BullockWoodburn Limited
Norfolk House
Hardwick Square North
Buxton
SK17 6PU

Ignite Sports Coaching Limited (Registered number: 13902001)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,944 9,304
Tangible assets 5 12,069 9,802
19,013 19,106

CURRENT ASSETS
Debtors 6 11,241 6,792
Cash at bank 38,096 83,934
49,337 90,726
CREDITORS
Amounts falling due within one year 7 49,255 103,416
NET CURRENT ASSETS/(LIABILITIES) 82 (12,690 )
TOTAL ASSETS LESS CURRENT LIABILITIES 19,095 6,416

PROVISIONS FOR LIABILITIES 3,017 -
NET ASSETS 16,078 6,416

CAPITAL AND RESERVES
Called up share capital 8 110 110
Retained earnings 15,968 6,306
SHAREHOLDERS' FUNDS 16,078 6,416

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Ignite Sports Coaching Limited (Registered number: 13902001)

Balance Sheet - continued
29 February 2024


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 17 April 2024 and were signed by:





Mr J M Shimmin - Director


Ignite Sports Coaching Limited (Registered number: 13902001)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Ignite Sports Coaching 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 2022, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

Ignite Sports Coaching Limited (Registered number: 13902001)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 11,800
AMORTISATION
At 1 March 2023 2,496
Amortisation for year 2,360
At 29 February 2024 4,856
NET BOOK VALUE
At 29 February 2024 6,944
At 28 February 2023 9,304

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 - - 12,500 850 13,350
Additions 3,896 1,755 - - 5,651
At 29 February 2024 3,896 1,755 12,500 850 19,001
DEPRECIATION
At 1 March 2023 - - 3,260 288 3,548
Charge for year 613 275 2,310 186 3,384
At 29 February 2024 613 275 5,570 474 6,932
NET BOOK VALUE
At 29 February 2024 3,283 1,480 6,930 376 12,069
At 28 February 2023 - - 9,240 562 9,802

Ignite Sports Coaching Limited (Registered number: 13902001)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,762 6,419
Prepayments and accrued income 1,479 373
11,241 6,792

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 13,937 11,909
Social security and other taxes 1,733 457
VAT 3,645 -
Other creditors 6,000 4,000
Pension control account 195 128
Directors' current accounts 22,415 85,723
Accruals and deferred income 1,330 1,199
49,255 103,416

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1 100 100
10 Ordinary B £1 10 10
110 110