Company Registration No. SC337773 (Scotland)
IGnite Scotland Heating Limited
Unaudited accounts
for the year ended 31 March 2024
IGnite Scotland Heating Limited
Unaudited accounts
Contents
IGnite Scotland Heating Limited
Company Information
for the year ended 31 March 2024
Company Number
SC337773 (Scotland)
Registered Office
4 CHAPLAND ROAD
LANARK
ML11 7QL
SCOTLAND
IGnite Scotland Heating Limited
Statement of financial position
as at 31 March 2024
Tangible assets
109,794
60,503
Cash at bank and in hand
96,686
170,528
Creditors: amounts falling due within one year
(35,144)
(125,999)
Net current assets
225,742
235,393
Total assets less current liabilities
335,536
295,896
Provisions for liabilities
Deferred tax
(4,238)
(4,238)
Net assets
331,298
291,658
Called up share capital
(1)
(1)
Profit and loss account
331,299
291,659
Shareholders' funds
331,298
291,658
For the year ending 31 March 2024 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 his 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 30 June 2024 and were signed on its behalf by
John Milligan
Director
Company Registration No. SC337773
IGnite Scotland Heating Limited
Notes to the Accounts
for the year ended 31 March 2024
IGnite Scotland Heating Limited is a private company, limited by shares, registered in Scotland, registration number SC337773. The registered office is 4 CHAPLAND ROAD, LANARK, ML11 7QL, SCOTLAND.
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.
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
Depreciated at 15% of NBV
Motor vehicles
Depreciated at 25% of NBV
Fixtures & fittings
Deprecited at 15% of NBV
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
14,661
88,121
5,422
108,204
Additions
-
60,888
4,311
65,199
At 31 March 2024
14,661
149,009
9,733
173,403
At 1 April 2023
9,750
35,703
2,248
47,701
Charge for the year
736
14,373
799
15,908
At 31 March 2024
10,486
50,076
3,047
63,609
At 31 March 2024
4,175
98,933
6,686
109,794
At 31 March 2023
4,911
52,418
3,174
60,503
IGnite Scotland Heating Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
3,488
26,169
Accrued income and prepayments
309
309
Other debtors
65,000
72,250
Amounts falling due after more than one year
Other debtors
90,186
90,186
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
11,187
17,252
Taxes and social security
22,590
101,922
Other creditors
1,367
5,433
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).