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IGNITE GAS AND HEATING LTD

Registered Number
13414100
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

IGNITE GAS AND HEATING LTD
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

MOTTLEY, Gareth Alan
WRIGHT, Brett Conor

Registered Address

61 Carpenters Way
Badshot Lea
Farnham
GU9 9FT

Registered Number

13414100 (England and Wales)
IGNITE GAS AND HEATING LTD
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets318,77325,390
18,77325,390
Current assets
Debtors413,31011,774
Cash at bank and on hand40,05938,577
53,36950,351
Creditors amounts falling due within one year5(31,293)(22,753)
Net current assets (liabilities)22,07627,598
Total assets less current liabilities40,84952,988
Creditors amounts falling due after one year6(5,405)(8,049)
Provisions for liabilities(2,572)(3,829)
Net assets32,87241,110
Capital and reserves
Called up share capital11
Profit and loss account32,87141,109
Shareholders' funds32,87241,110
The financial statements were approved and authorised for issue by the Board of Directors on 15 April 2025, and are signed on its behalf by:
MOTTLEY, Gareth Alan
Director
WRIGHT, Brett Conor
Director

Registered Company No. 13414100
IGNITE GAS AND HEATING LTD
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
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 rendering of services.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Straight line (years)
Plant and machinery5
Vehicles4
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 October 2328,429
Additions339
At 30 September 2428,768
Depreciation and impairment
At 01 October 233,039
Charge for year6,956
At 30 September 249,995
Net book value
At 30 September 2418,773
At 30 September 2325,390
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables8,8066,605
Other debtors-969
Prepayments and accrued income4,5044,200
Total13,31011,774
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables5,964-
Bank borrowings and overdrafts3,6183,618
Taxation and social security15,74813,677
Other creditors4,8882,522
Accrued liabilities and deferred income1,0752,936
Total31,29322,753
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts5,4058,049
Total5,4058,049
7.Operating lease commitments
At 30th September 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £7,350.90 (2023 – £12,342).