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REGISTERED NUMBER: 13225603 (England and Wales)















Unaudited Financial Statements

for the Period 1 March 2023 to 31 August 2024

for

LONDON FASHION IGNITE LIMITED

LONDON FASHION IGNITE LIMITED (Registered number: 13225603)






Contents of the Financial Statements
for the Period 1 March 2023 to 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LONDON FASHION IGNITE LIMITED

Company Information
for the Period 1 March 2023 to 31 August 2024







DIRECTORS: Prof Y XIONG
D Zhou





REGISTERED OFFICE: 54 WELBECK STREET
LONDON
W1G 9XS





REGISTERED NUMBER: 13225603 (England and Wales)






LONDON FASHION IGNITE LIMITED (Registered number: 13225603)

Balance Sheet
31 August 2024

31.8.24 28.2.23
Notes £    £   
CURRENT ASSETS
Stocks 8,040 -
Debtors 4 269,567 94,847
Cash at bank 80 3,389
277,687 98,236
CREDITORS
Amounts falling due within one year 5 136,652 2,970
NET CURRENT ASSETS 141,035 95,266
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,035

95,266

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Share premium 7 199,900 199,900
Retained earnings 7 (59,865 ) (105,634 )
SHAREHOLDERS' FUNDS 141,035 95,266

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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 March 2025 and were signed on its behalf by:





D Zhou - Director


LONDON FASHION IGNITE LIMITED (Registered number: 13225603)

Notes to the Financial Statements
for the Period 1 March 2023 to 31 August 2024

1. STATUTORY INFORMATION

LONDON FASHION IGNITE 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 period 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 period was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 28.2.23
£    £   
Trade debtors 53,262 -
Other debtors 137,720 59,869
VAT 22,472 82
Prepayments and accrued income 56,113 34,896
269,567 94,847

LONDON FASHION IGNITE LIMITED (Registered number: 13225603)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 31 August 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 28.2.23
£    £   
Trade creditors 56,614 1,200
Other creditors 62,509 -
Directors' current accounts 2,795 -
Accruals and deferred income 12,964 -
Accrued expenses 1,770 1,770
136,652 2,970

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 28.2.23
value: £    £   
1,000 Ordinary Share Capital £1 1,000 1,000

7. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 March 2023 (105,634 ) 199,900 94,266
Profit for the period 45,769 45,769
At 31 August 2024 (59,865 ) 199,900 140,035