REGISTERED NUMBER: 04620240 (England and Wales)

Ignite Consulting Ltd

Unaudited Financial Statements

for the Year Ended 31st December 2024

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

6

Directors:

M R Smith

M G Long

Secretary:

M G Long

Registered office:

27 27 Old Gloucester Street

London

WC1N 3AX

Registered number:

04620240 (England and Wales)

Fixed assets

Tangible assets

4

15,384

12,603

Current assets

Debtors

5

169,335

351,052

Cash at bank

78,362

207,576

247,697

558,628

Creditors

Amounts falling due within one year

6

231,047

306,505

Net current assets

16,650

252,123

Total assets less current liabilities

32,034

264,726

Creditors

Amounts falling due after more than one year

7

2

2

Net assets

32,032

264,724

Capital and reserves

Called up share capital

300

300

Capital redemption reserve

1

1

Retained earnings

31,731

264,423

Shareholders' funds

32,032

264,724

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th September 2025 and were signed on its behalf by:

M G Long - Director

1.	Statutory information

Ignite Consulting 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 represents the total invoice value, excluding value added tax, of consultancy fees and related expenses invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

Tangible fixed assets

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.

Office equipment

-

25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, preference shares and accruals.

Trade debtors, trade creditors, preference shares and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the statement of income and retained earnings in the period in which they are incurred.

Going concern

The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3.	Employees and directors

The average number of employees during the year was 23 (2023 - 23 ) .

4.	Tangible fixed assets

Office

equipment

£

Cost

At 1st January 2024

40,372

Additions

10,969

Disposals

(8,236

)

At 31st December 2024

43,105

Depreciation

At 1st January 2024

27,769

Charge for year

7,227

Eliminated on disposal

(7,275

)

At 31st December 2024

27,721

Net book value

At 31st December 2024

15,384

At 31st December 2023

12,603

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

24,210

143,960

Other debtors

145,125

207,092

169,335

351,052

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

794

-

Trade creditors

17,459

117,703

Taxation and social security

140,702

143,181

Other creditors

72,092

45,621

231,047

306,505

7.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Other creditors

2

2

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Preference shares

2

2

8.	Secured debts

Bibby Financial Services Ltd holds a fixed and floating charge which covers all of the property or undertaking of the company.