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REGISTERED NUMBER: SC323817 (Scotland)

















Abridged Financial Statements

for the Year Ended 30 September 2024

for

Ignite Your Brand Ltd.

Ignite Your Brand Ltd. (Registered number: SC323817)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 3


Ignite Your Brand Ltd.

Company Information
for the Year Ended 30 September 2024







DIRECTORS: G McRae
R G Still





SECRETARY: R G Still





REGISTERED OFFICE: 44 Constitution Street
Edinburgh
EH6 6RS





REGISTERED NUMBER: SC323817 (Scotland)





ACCOUNTANTS: Gibson McKerrell Burrows Limited
28 Rutland Square
Edinburgh
EH1 2BW

Ignite Your Brand Ltd. (Registered number: SC323817)

Abridged Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,367 1,651

CURRENT ASSETS
Debtors 1,777 1,617
Investments 15,000 15,000
Cash at bank 22,511 19,918
39,288 36,535
CREDITORS
Amounts falling due within one year 35,533 34,332
NET CURRENT ASSETS 3,755 2,203
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,122

3,854

PROVISIONS FOR LIABILITIES 5 450 413
NET ASSETS 5,672 3,441

CAPITAL AND RESERVES
Called up share capital 1,500 1,500
Retained earnings 4,172 1,941
SHAREHOLDERS' FUNDS 5,672 3,441

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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 May 2025 and were signed on its behalf by:





G McRae - Director


Ignite Your Brand Ltd. (Registered number: SC323817)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Ignite Your Brand Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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. Turnover is attributable to the company's principal activity of brand and business strategy.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Investment propertyNil
Plant and machinery20%Reducing balance
Computer equipment25%Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation.

Investment properties are initially measured at cost, including transaction costs. Subsequently, investment properties whose fair value can be measured reliably without undue cost or effort, on an on-going basis, are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the Income Statement in the period in which they arise.

Investment properties whose fair value cannot be measured reliably without undue cost or effort, on an on-going basis, are included in plant, property and equipment at cost less accumulated depreciation and accumulated impairment losses.

Ignite Your Brand Ltd. (Registered number: SC323817)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and payables, loans from banks and other third
parties.

At the end of each reporting period, financial assets that are measured at cost are assessed for objective
evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the
Income Statement. If there is a decrease in the impairment loss arising from an event occurring after the
impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount
does not exceed what the carrying amount would have been had the impairment not previously been recognised.
The impairment reversal is recognised in the Income Statement.

Financial assets are derecognised when (a) the contractual rights to the cash flows arising from the asset expire
or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to
another party, or (c) control of the asset has been transferred to another party.

Financial liabilities are measured at amortised cost less any accumulated impairment losses. Financial liabilities
are derecognised when the liability is extinguished, that is when the contractual obligation is discharged,
cancelled or expires.

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 Statement of Financial Position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Statement of Financial Position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

Ignite Your Brand Ltd. (Registered number: SC323817)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 34,541
Additions 1,499
At 30 September 2024 36,040
DEPRECIATION
At 1 October 2023 32,890
Charge for year 783
At 30 September 2024 33,673
NET BOOK VALUE
At 30 September 2024 2,367
At 30 September 2023 1,651

5. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 450 413

Deferred
tax
£   
Balance at 1 October 2023 413
Provided during year 37
Balance at 30 September 2024 450

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:

30.9.24 30.9.23
£    £   
G McRae
Balance outstanding at start of year (750 ) (50,570 )
Amounts advanced 82 49,820
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (668 ) (750 )

R G Still
Balance outstanding at start of year (165 ) (22,373 )
Amounts advanced - 22,208
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (165 ) (165 )