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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
Page
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IGnite Scotland Heating Limited Company Information for the year ended 31 March 2024
Director
John Milligan
Company Number
SC337773 (Scotland)
Registered Office
4 CHAPLAND ROAD LANARK ML11 7QL SCOTLAND
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IGnite Scotland Heating Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
109,794 
60,503 
Current assets
Inventories
1,950 
1,950 
Debtors
162,250 
188,914 
Cash at bank and in hand
96,686 
170,528 
260,886 
361,392 
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 
Capital and reserves
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
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IGnite Scotland Heating Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 March 2024
4,175 
98,933 
6,686 
109,794 
At 31 March 2023
4,911 
52,418 
3,174 
60,503 
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IGnite Scotland Heating Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
3,267 
- 
Trade debtors
3,488 
26,169 
Accrued income and prepayments
309 
309 
Other debtors
65,000 
72,250 
72,064 
98,728 
Amounts falling due after more than one year
Other debtors
90,186 
90,186 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
1,392 
Trade creditors
11,187 
17,252 
Taxes and social security
22,590 
101,922 
Other creditors
1,367 
5,433 
35,144 
125,999 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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