Company Registration No. 12962084 (England and Wales)
Ignitely Ltd
Unaudited accounts
for the year ended 31 October 2023
Ignitely Ltd
Unaudited accounts
Contents
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
Ignitely Ltd
Statement of financial position
as at 31 October 2023
Cash at bank and in hand
8,189
27,757
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
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
Ignitely Ltd
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
At 31 October 2023
849
2,380
3,229
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
At 31 October 2023
-
920
920
At 31 October 2022
283
1,334
1,617
Ignitely Ltd
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
98
3,170
Loans from directors
11,584
12,532
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).