Acorah Software Products - Accounts Production 16.0.110 false true false 1 March 2023 29 February 2024 29 February 2024 13212609 Mr Adam Freyer Mr Daniel Harvery iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13212609 2023-02-28 13212609 2024-02-29 13212609 2023-03-01 2024-02-29 13212609 frs-core:CurrentFinancialInstruments 2024-02-29 13212609 frs-core:Non-currentFinancialInstruments 2024-02-29 13212609 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 13212609 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 13212609 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 13212609 frs-core:MotorVehicles 2024-02-29 13212609 frs-core:MotorVehicles 2023-03-01 2024-02-29 13212609 frs-core:MotorVehicles 2023-02-28 13212609 frs-core:PlantMachinery 2024-02-29 13212609 frs-core:PlantMachinery 2023-03-01 2024-02-29 13212609 frs-core:PlantMachinery 2023-02-28 13212609 frs-core:ShareCapital 2024-02-29 13212609 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 13212609 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13212609 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 13212609 frs-bus:SmallEntities 2023-03-01 2024-02-29 13212609 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13212609 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13212609 frs-bus:Director1 2023-03-01 2024-02-29 13212609 frs-bus:Director2 2023-03-01 2024-02-29 13212609 frs-countries:EnglandWales 2023-03-01 2024-02-29
Registered number: 13212609
Ignition Heating Service & Repair Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
MK Accountancy Bristol Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13212609
2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 72,548
72,548
CURRENT ASSETS
Debtors 5 42,729
Cash at bank and in hand 601
43,330
Creditors: Amounts Falling Due Within One Year 6 (42,495 )
NET CURRENT ASSETS (LIABILITIES) 835
TOTAL ASSETS LESS CURRENT LIABILITIES 73,383
Creditors: Amounts Falling Due After More Than One Year 7 (74,752 )
NET LIABILITIES (1,369 )
CAPITAL AND RESERVES
Called up share capital 8 100
Profit and Loss Account (1,469 )
SHAREHOLDERS' FUNDS (1,369)
Page 1
Page 2
For the year ending 29 February 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Daniel Harvery
Director
22/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ignition Heating Service & Repair Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13212609 . The registered office is 192 Wells Road, Bristol, BS4 2AX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold N/A
Plant & Machinery 15% Reducing Balance
Motor Vehicles 15% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1
1
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 March 2023 - 1,189 4,000 5,189
Additions 70,270 - - 70,270
As at 29 February 2024 70,270 1,189 4,000 75,459
Depreciation
As at 1 March 2023 - 476 1,600 2,076
Provided during the period - 475 360 835
As at 29 February 2024 - 951 1,960 2,911
Net Book Value
As at 29 February 2024 70,270 238 2,040 72,548
As at 1 March 2023 - 713 2,400 3,113
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5. Debtors
2024
£
Due within one year
Other debtors 42,729
6. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 1
Amounts owed to group undertakings 37,293
Other creditors 2,102
Taxation and social security 3,099
42,495
7. Creditors: Amounts Falling Due After More Than One Year
2024
£
Other loans 74,752
8. Share Capital
2024
£
Allotted, Called up and fully paid 100
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