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REGISTERED NUMBER: 07448484 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

IGNITE CO-OPERATIVE MEDIA LTD

IGNITE CO-OPERATIVE MEDIA LTD (REGISTERED NUMBER: 07448484)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IGNITE CO-OPERATIVE MEDIA LTD

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: S Holdsworth
M Coombes
Mrs E Holdsworth
Mrs R Coombes





REGISTERED OFFICE: Union House
111 New Union Street
Coventry
CV1 2NT





REGISTERED NUMBER: 07448484 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

IGNITE CO-OPERATIVE MEDIA LTD (REGISTERED NUMBER: 07448484)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 33,562 52,668
Cash at bank 11,046 12,277
44,608 64,945
CREDITORS
Amounts falling due within one year 5 44,412 35,742
NET CURRENT ASSETS 196 29,203
TOTAL ASSETS LESS CURRENT
LIABILITIES

196

29,203

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 194 29,201
SHAREHOLDERS' FUNDS 196 29,203

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 19 December 2024 and were signed on its behalf by:




S Holdsworth - Director



M Coombes - Director


IGNITE CO-OPERATIVE MEDIA LTD (REGISTERED NUMBER: 07448484)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Ignite Co-Operative Media Ltd 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,250 47,250
Other debtors 20,312 5,418
33,562 52,668

IGNITE CO-OPERATIVE MEDIA LTD (REGISTERED NUMBER: 07448484)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 43,813 35,092
Other creditors 599 650
44,412 35,742

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
S Holdsworth
Balance outstanding at start of year - -
Amounts advanced 4,531 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,531 -

M Coombes
Balance outstanding at start of year - -
Amounts advanced 6,605 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,605 -

7. RELATED PARTY DISCLOSURES

Other debtors include loans made to Ignite Creative Limited (another company under the control of the directors) totalling £5,418 (£5,418 as at 30th September 2023) These loans are interest free with no fixed date for repayment.

During the period the Company has received £193,250 from Ignite Creative Limited (£182,000 in the year to 30th September 2023). £13,250 was outstanding as at 30th September 2024 (£47,250 as at 30th September 2023).

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Holdsworth & Mr M Coombes.