REGISTERED NUMBER: 05794814 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Mr Ignitor Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M Magnus-Hannaford

REGISTERED OFFICE:

Foresters Hall

25-27 Westow Street

Upper Norwood

London

SE19 3RY

REGISTERED NUMBER:

05794814 (England and Wales)

ACCOUNTANTS:

Gibsons Financial Limited

Chartered Accountants

Foresters Hall

25/27 Westow Street

Upper Norwood

London

SE19 3RY

FIXED ASSETS

Tangible assets

4

1,199

907

Investments

5

49,785

49,785

50,984

50,692

CURRENT ASSETS

Stocks

64,384

68,170

Debtors

75,819

131,428

Cash at bank

66,624

67,546

206,827

267,144

CREDITORS

Amounts falling due within one year

(174,877

)

(176,571

)

NET CURRENT ASSETS

31,950

90,573

TOTAL ASSETS LESS CURRENT LIABILITIES

82,934

141,265

CREDITORS

Amounts falling due after more than one year

(32,856

)

(32,282

)

NET ASSETS

50,078

108,983

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

50,074

108,979

SHAREHOLDERS' FUNDS

50,078

108,983

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Balance Sheet for the year ended 31 December 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 director and authorised for issue on 29 September 2025 and were signed by:

Mr M Magnus-Hannaford - Director

1.	STATUTORY INFORMATION

Mr Ignitor 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery

-

25% on reducing balance

Fixtures & fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

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 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 balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

7,073

Additions

892

Disposals

(1,171

)

At 31 December 2024

6,794

DEPRECIATION

At 1 January 2024

6,166

Charge for year

513

Eliminated on disposal

(1,084

)

At 31 December 2024

5,595

NET BOOK VALUE

At 31 December 2024

1,199

At 31 December 2023

907

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2024

and 31 December 2024

49,785

NET BOOK VALUE

At 31 December 2024

49,785

At 31 December 2023

49,785

6.	RELATED PARTY DISCLOSURES

At the balance sheet date £32,856 was owed by the company to Power Services International Limited in relation to various transactions. This amount is included within creditors: amounts falling due after more than one year.

Power Services International Limited is a company registered in England. Mr M Magnus-Hannaford owns the company's entire issued share capital.