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Company Registration No. 12962084 (England and Wales)
Ignitely Ltd Unaudited accounts for the year ended 31 October 2023
Ignitely Ltd Unaudited accounts Contents
Page
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Ignitely Ltd Company Information for the year ended 31 October 2023
Director
Rachel Christensen
Secretary
Rachel Christensen
Company Number
12962084 (England and Wales)
Registered Office
128 City Road London EC1V 2NX
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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Ignitely Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
920 
1,617 
Current assets
Debtors
- 
2,341 
Cash at bank and in hand
8,189 
27,757 
8,189 
30,098 
Creditors: amounts falling due within one year
(12,843)
(16,957)
Net current (liabilities)/assets
(4,654)
13,141 
Net (liabilities)/assets
(3,734)
14,758 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(3,735)
14,757 
Shareholders' funds
(3,734)
14,758 
For the year ending 31 October 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 August 2024 and were signed on its behalf by
Rachel Christensen Director Company Registration No. 12962084
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Ignitely Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Ignitely Ltd is a private company, limited by shares, registered in England and Wales, registration number 12962084. The registered office is 128 City Road, London, EC1V 2NX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33% on cost
Computer equipment
33.33% on cost
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
849 
2,001 
2,850 
Additions
- 
379 
379 
At 31 October 2023
849 
2,380 
3,229 
Depreciation
At 1 November 2022
566 
667 
1,233 
Charge for the year
283 
793 
1,076 
At 31 October 2023
849 
1,460 
2,309 
Net book value
At 31 October 2023
- 
920 
920 
At 31 October 2022
283 
1,334 
1,617 
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Ignitely Ltd Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
2,341 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
98 
3,170 
Other creditors
802 
800 
Loans from directors
11,584 
12,532 
Accruals
359 
455 
12,843 
16,957 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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