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REGISTERED NUMBER: 07138823 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

IGNIUM MECHANICAL LIMITED

IGNIUM MECHANICAL LIMITED (REGISTERED NUMBER: 07138823)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IGNIUM MECHANICAL LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: L Jenkins





SECRETARY:





REGISTERED OFFICE: 31 Tor View
Bedwas
Caerphilly
CF83 8HG





REGISTERED NUMBER: 07138823 (England and Wales)






IGNIUM MECHANICAL LIMITED (REGISTERED NUMBER: 07138823)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,400 17,400
Tangible assets 5 125,102 115,160
Investment property 6 932,759 744,841
1,069,261 877,401

CURRENT ASSETS
Debtors 7 165,928 226,474
Cash at bank 245,862 451,158
411,790 677,632
CREDITORS
Amounts falling due within one year 8 323,288 381,002
NET CURRENT ASSETS 88,502 296,630
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,157,763

1,174,031

CREDITORS
Amounts falling due after more than one year 9 85,481 101,957
NET ASSETS 1,072,282 1,072,074

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 1,072,180 1,071,972
SHAREHOLDERS' FUNDS 1,072,282 1,072,074

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

IGNIUM MECHANICAL LIMITED (REGISTERED NUMBER: 07138823)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2024 and were signed by:





L Jenkins - Director


IGNIUM MECHANICAL LIMITED (REGISTERED NUMBER: 07138823)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Ignium Mechanical 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

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.

IGNIUM MECHANICAL LIMITED (REGISTERED NUMBER: 07138823)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 77,400
AMORTISATION
At 1 April 2023 60,000
Charge for year 6,000
At 31 March 2024 66,000
NET BOOK VALUE
At 31 March 2024 11,400
At 31 March 2023 17,400

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 208,565
Additions 33,717
At 31 March 2024 242,282
DEPRECIATION
At 1 April 2023 93,405
Charge for year 23,775
At 31 March 2024 117,180
NET BOOK VALUE
At 31 March 2024 125,102
At 31 March 2023 115,160

IGNIUM MECHANICAL LIMITED (REGISTERED NUMBER: 07138823)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 744,841
Additions 187,918
At 31 March 2024 932,759
NET BOOK VALUE
At 31 March 2024 932,759
At 31 March 2023 744,841

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 155,887 198,856
VAT 10,041 27,618
165,928 226,474

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 198,794 256,183
Tax 2,296 3,502
Social security and other taxes 3,291 2,181
Other creditors 3,225 -
Due to Associated Company - 6,846
Directors' current accounts 105,740 100,348
Accrued expenses 9,942 11,942
323,288 381,002

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 21,385 31,604
Other loans - 2-5 years 64,096 70,353
85,481 101,957