Company Registration No. 13414333 (England and Wales)
Ignite Placements Ltd
Unaudited accounts
for the year ended 31 May 2024
Ignite Placements Ltd
Unaudited accounts
Contents
Ignite Placements Ltd
Company Information
for the year ended 31 May 2024
Director
Geoffrey Michael Brown
Company Number
13414333 (England and Wales)
Registered Office
Flat 5
Vanderbilt House
111 Packhorse Road
Gerrards Cross
SL9 8JD
England
Accountants
Pearl Accounting Limited
Suite 1
116 Ballards Lane
Finchley
London
N3 2DN
Ignite Placements Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
1,183
1,620
Creditors: amounts falling due within one year
(1,925)
(1,249)
Net current liabilities
(1,925)
(1,249)
Net (liabilities)/assets
(742)
371
Called up share capital
100
100
Profit and loss account
(842)
271
Shareholders' funds
(742)
371
For the year ending 31 May 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 20 February 2025 and were signed on its behalf by
Geoffrey Michael Brown
Director
Company Registration No. 13414333
Ignite Placements Ltd
Notes to the Accounts
for the year ended 31 May 2024
Ignite Placements Ltd is a private company, limited by shares, registered in England and Wales, registration number 13414333. The registered office is Flat 5, Vanderbilt House, 111 Packhorse Road, Gerrards Cross, SL9 8JD, England.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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
20% straight line
Computer equipment
25% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Ignite Placements Ltd
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
1,545
512
2,057
At 31 May 2024
1,545
512
2,057
At 1 June 2023
309
128
437
Charge for the year
309
128
437
At 31 May 2024
618
256
874
At 31 May 2024
927
256
1,183
At 31 May 2023
1,236
384
1,620
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
1,436
544
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).