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REGISTERED NUMBER: 11234792 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

IGNITION LIMITED

IGNITION LIMITED (REGISTERED NUMBER: 11234792)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Balance Sheet 1


IGNITION LIMITED (REGISTERED NUMBER: 11234792)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
£    £    £    £   
FIXED ASSETS 48,614 22,805

CURRENT ASSETS 127,643 169,046

CREDITORS
Amounts falling due within one year (390,292 ) (240,622 )
NET CURRENT LIABILITIES (262,649 ) (71,576 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(214,035

)

(48,771

)

ACCRUALS AND DEFERRED INCOME 47,670 32,112
NET LIABILITIES (261,705 ) (80,883 )

CAPITAL AND RESERVES (261,705 ) (80,883 )

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Ignition Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11234792

Registered office: 14 Mill Yard
Nailsworth
Stroud
Gloucestershire
GL6 0AG

The presentation currency of the financial statements is the Pound Sterling (£).


2. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 5 (2022 - 4 ) .

3. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mrs H Radford and D Radford
Balance outstanding at start of year (184,019 ) (103,395 )
Amounts advanced 17,795 5,036
Amounts repaid (172,576 ) (85,660 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (338,800 ) (184,019 )

IGNITION LIMITED (REGISTERED NUMBER: 11234792)

BALANCE SHEET - continued
31 DECEMBER 2023

NOTES TO THE FINANCIAL STATEMENTS

3. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Ms J L Rolls
Balance outstanding at start of year (1,875 ) -
Amounts advanced 9,450 -
Amounts repaid (5,000 ) (1,875 )
Amounts written off (2,575 ) -
Amounts waived - -
Balance outstanding at end of year - (1,875 )

The loan to Ms Rolls has written off following her resignation in November 2023. The loan from Mr and Mrs Radford is subject to interest being charged at a rate of 10% and 13%.



The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2024 and were signed on its behalf by:




Mrs H Radford - Director



D Radford - Director