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REGISTERED NUMBER: 11361481 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Ignite Facilities Ltd

Ignite Facilities Ltd (Registered number: 11361481)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ignite Facilities Ltd

Company Information
for the year ended 31 May 2024







DIRECTORS: Mr C Brass
Mrs R J Brass





REGISTERED OFFICE: Unit 7a, Oldham Street
Joiners Square Industrial Estate
Hanley
Stoke On Trent
Staffordshire
ST1 3EY





REGISTERED NUMBER: 11361481 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
Cherry Tree Court
Cross Street
Leek
Staffordshire
ST13 6BL

Ignite Facilities Ltd (Registered number: 11361481)

Balance Sheet
31 May 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 61,206 54,751

CURRENT ASSETS
Stocks 600 550
Debtors 5 73,167 124,741
Cash at bank 147,674 67,414
221,441 192,705
CREDITORS
Amounts falling due within one year 6 (114,090 ) (123,354 )
NET CURRENT ASSETS 107,351 69,351
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,557

124,102

CREDITORS
Amounts falling due after more than one year 7 - (5,239 )

PROVISIONS FOR LIABILITIES (11,629 ) (10,400 )
NET ASSETS 156,928 108,463

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 156,828 108,363
156,928 108,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





Mr C Brass - Director


Ignite Facilities Ltd (Registered number: 11361481)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Ignite Facilities Ltd 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.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 6 (2023 - 6 ) .

Ignite Facilities Ltd (Registered number: 11361481)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 June 2023 32,409 - 45,858 - 78,267
Additions 5,753 20,551 - 1,494 27,798
Disposals - (8,992 ) - - (8,992 )
Reclassification/transfer (23,414 ) 8,992 - 14,422 -
At 31 May 2024 14,748 20,551 45,858 15,916 97,073
DEPRECIATION
At 1 June 2023 9,262 - 14,254 - 23,516
Charge for year 1,684 3,089 7,902 1,854 14,529
Eliminated on disposal - (2,178 ) - - (2,178 )
Reclassification/transfer (5,761 ) 2,178 - 3,583 -
At 31 May 2024 5,185 3,089 22,156 5,437 35,867
NET BOOK VALUE
At 31 May 2024 9,563 17,462 23,702 10,479 61,206
At 31 May 2023 23,147 - 31,604 - 54,751

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 62,358 124,741
Other debtors 10,809 -
73,167 124,741

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts - 8,773
Trade creditors 60,211 57,375
Taxation and social security 40,103 42,870
Other creditors 13,776 14,336
114,090 123,354

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans - 5,239