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REGISTERED NUMBER: 07855583 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

IGNITE GAS CARE LIMITED

IGNITE GAS CARE LIMITED (REGISTERED NUMBER: 07855583)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IGNITE GAS CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Jonathan Lee Oldroyd





REGISTERED OFFICE: C/o Walter Dawson & Son
1 Valley Court
Canal Road
Bradford
West Yorkshire
BD1 4SP





REGISTERED NUMBER: 07855583 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
1 Valley Court
Canal Road
Bradford
West Yorkshire
BD1 4SP

IGNITE GAS CARE LIMITED (REGISTERED NUMBER: 07855583)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,131 42,822

CURRENT ASSETS
Stocks 8,932 10,725
Debtors 5 511,936 538,737
Cash at bank and in hand 149,325 140,611
670,193 690,073
CREDITORS
Amounts falling due within one year 6 192,730 283,446
NET CURRENT ASSETS 477,463 406,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

500,594

449,449

CREDITORS
Amounts falling due after more than
one year

7

(10,675

)

(43,810

)

PROVISIONS FOR LIABILITIES (5,594 ) (7,961 )
NET ASSETS 484,325 397,678

CAPITAL AND RESERVES
Called up share capital 150 150
Profit and loss account 484,175 397,528
484,325 397,678

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 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.

IGNITE GAS CARE LIMITED (REGISTERED NUMBER: 07855583)

BALANCE SHEET - continued
31 DECEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2024 and were signed by:





Jonathan Lee Oldroyd - Director


IGNITE GAS CARE LIMITED (REGISTERED NUMBER: 07855583)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Ignite Gas Care 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.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
The financial statements contain information about Ignite Gas Care Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 25% 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 Profit and Loss Account, 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.


IGNITE GAS CARE LIMITED (REGISTERED NUMBER: 07855583)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

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.

INCOME RECOGNITION
Revenue is recognised to the extent that is probable that the economic benefits will flow to the company and revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

FINANCE COSTS OF DEBT
The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2022 - 35 ) .

IGNITE GAS CARE LIMITED (REGISTERED NUMBER: 07855583)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 15,029 9,771 51,942 113,236 189,978
Additions - - - 1,840 1,840
At 31 December 2023 15,029 9,771 51,942 115,076 191,818
DEPRECIATION
At 1 January 2023 13,574 6,972 30,343 96,267 147,156
Charge for year 662 - 10,801 10,068 21,531
At 31 December 2023 14,236 6,972 41,144 106,335 168,687
NET BOOK VALUE
At 31 December 2023 793 2,799 10,798 8,741 23,131
At 31 December 2022 1,455 2,799 21,599 16,969 42,822

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 307,598 334,355
Amounts owed by group undertakings 184,495 184,495
Other debtors 19,843 19,887
511,936 538,737

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 14,460
Hire purchase contracts 8,920 8,615
Trade creditors 83,426 142,080
Taxation and social security 85,092 105,719
Other creditors 15,292 12,572
192,730 283,446

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 25,415
Hire purchase contracts 10,675 18,395
10,675 43,810

IGNITE GAS CARE LIMITED (REGISTERED NUMBER: 07855583)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 25,415

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 19,595 27,010

The obligations under finance leases and hire purchase contracts are secured by a charge on the assets purchased under these agreements.

The company has a bounce back loan of £Nil (2022: £39,875) which is unsecured but it is supported by a government guarantee.

9. PENSION COMMITMENTS

The amount recognised in the profit and loss account as an expense in relation to a defined contribution scheme was £13,400 (2022:£13,933). Contributions totalling £2,492 (2022:£2,564) were payable to the fund and included in creditors.