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REGISTERED NUMBER: 07759756 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30th September 2023

for

Ignesea Limited

Ignesea Limited (Registered number: 07759756)

Contents of the Financial Statements
for the Year Ended 30th September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ignesea Limited

Company Information
for the Year Ended 30th September 2023







Director: R Vij





Registered office: 8 Park Place
Manchester
Lancashire
M4 4EY





Registered number: 07759756 (England and Wales)





Accountants: DBF Associates
Chartered Accountants
South Cheetham B C
10 Park Place
Manchester
Lancashire
M4 4EY

Ignesea Limited (Registered number: 07759756)

Balance Sheet
30th September 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 5,130 6,035

Current assets
Debtors 5 18,975 13,650
Cash at bank 109,410 116,291
128,385 129,941
Creditors
Amounts falling due within one year 6 2,074 1,483
Net current assets 126,311 128,458
Total assets less current liabilities 131,441 134,493

Creditors
Amounts falling due after more than one
year

7

106,201

108,110
Net assets 25,240 26,383

Capital and reserves
Called up share capital 8 100 100
Retained earnings 25,140 26,283
Shareholders' funds 25,240 26,383

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2023 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.

Ignesea Limited (Registered number: 07759756)

Balance Sheet - continued
30th September 2023


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 director and authorised for issue on 24th September 2024 and were signed by:





R Vij - Director


Ignesea Limited (Registered number: 07759756)

Notes to the Financial Statements
for the Year Ended 30th September 2023


1. Statutory information

Ignesea 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

3. Employees and directors

The average number of employees during the year was NIL (2022 - 1 ).

Ignesea Limited (Registered number: 07759756)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2023


4. Tangible fixed assets
Equipment
£   
Cost
At 1st October 2022
and 30th September 2023 11,996
Depreciation
At 1st October 2022 5,961
Charge for year 905
At 30th September 2023 6,866
Net book value
At 30th September 2023 5,130
At 30th September 2022 6,035

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 13,650 13,650
Other debtors 5,325 -
18,975 13,650

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors - (1 )
Taxation and social security 106 2
Other creditors 1,968 1,482
2,074 1,483

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 14,701 16,610
Other creditors 91,500 91,500
106,201 108,110

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 91,500 91,500

Repayable by instalments
Bank loans more 5 yr by instal 14,701 16,610

Ignesea Limited (Registered number: 07759756)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2023


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100