1 February 2024 v2025.69.1 limited_company_frs_102_section_1a_v1_1_3 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP071254892024-02-012025-01-31071254892025-01-31071254892024-01-3107125489core:WithinOneYear2025-01-3107125489core:WithinOneYear2024-01-3107125489core:AfterOneYear2025-01-3107125489core:AfterOneYear2024-01-3107125489core:ShareCapital2025-01-3107125489core:ShareCapital2024-01-3107125489core:RetainedEarningsAccumulatedLosses2025-01-3107125489core:RetainedEarningsAccumulatedLosses2024-01-3107125489bus:Director12024-02-012025-01-3107125489bus:RegisteredOffice2024-02-012025-01-3107125489core:NetGoodwill2024-02-012025-01-3107125489core:Goodwill2024-02-012025-01-3107125489core:OfficeEquipment2024-02-012025-01-3107125489core:MotorVehicles2024-02-012025-01-3107125489core:FurnitureFittings2024-02-012025-01-3107125489core:FurnitureFittingsToolsEquipment2024-02-012025-01-31071254892023-02-012024-01-31071254892024-02-0107125489core:CostValuation2024-02-0107125489core:CostValuation2025-01-310712548912024-02-012025-01-3107125489countries:EnglandWales2024-02-012025-01-3107125489bus:AuditExemptWithAccountantsReport2024-02-012025-01-3107125489bus:PrivateLimitedCompanyLtd2024-02-012025-01-3107125489bus:SmallEntities2024-02-012025-01-3107125489bus:AbridgedAccounts2024-02-012025-01-31
Company registration number:
07125489
Ignyte Limited
Unaudited Filleted Abridged Financial Statements for the year ended
31 January 2025
Ignyte Limited
Report of the Accountant to the director of Ignyte Limited
Year ended
31 January 2025
These financial statements have been prepared in accordance with my terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended
31 January 2025
.
I have prepared these financial statements based on the accounting records, information and explanations provided by you. I do not express any opinion on the financial statements.
On the statement of financial position you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a "true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
BPB Accountancy Ltd
Room 5 Paulton House
Old Mills
Paulton
Bristol
BS39 7SX
United Kingdom
Date:
30 October 2025
Ignyte Limited
Abridged Statement of Financial Position
31 January 2025
20252024
Note££
Fixed assets    
Tangible assets 5
12,214
 
14,404
 
Investments 5
2
 
2
 
12,216
 
14,406
 
Current assets    
Debtors
126,902
 
123,358
 
Cash at bank and in hand
(983
 )
16,402
 
125,919
 
139,760
 
Creditors: amounts falling due within one year
(71,317
 )
(82,875
 )
Net current assets
54,602
 
56,885
 
Total assets less current liabilities 66,818   71,291  
Creditors: amounts falling due after more than one year
(22,538
 )
(31,000
 )
Net assets
44,280
 
40,291
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
44,180
 
40,191
 
Shareholders funds
44,280
 
40,291
 
For the year ending
31 January 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of financial position and the abridged income statement for the year ended
31 January 2025
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged 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.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
30 October 2025
, and are signed on behalf of the board by:
Tina Veater
Director
Company registration number:
07125489
Ignyte Limited
Notes to the Abridged Financial Statements
Year ended
31 January 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Bathway Farm, Bathway
,
Chewton Mendip
,
Radstock
,
Somerset
,
BA3 4LN
, United Kingdom.

2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets. The financial statements contain information about Ignyte Limited as an individual company and do not contain consolidated financial information as the parent of the group.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

Consolidation

The entity has taken advantage of the option not to prepare consolidated
abridged financial statements
contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, with the acquisition of the business in 2010 and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset which is 10 years.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill
10% straight line (useful life 10 years)

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
20% straight line
Motor vehicles
25% straight line
Fixtures and fittings
33% straight line
Fixtures, fittings and equipment
20% Diminishing balance

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
11
(2024:
12.00
).

5 Fixed assets

Intangible assetsTangible assetsInvestmentsTotal
££££
Cost        
At
1 February 2024
10,000
 
72,674
 
2
  82,676  
Additions -  
2,637
  -   2,637  
At
31 January 2025
10,000
 
75,311
 
2
  85,313  
Amortisation, depreciation and impairment        
At
1 February 2024
10,000
 
58,270
  -   68,270  
Charge -  
4,827
  -   4,827  
At
31 January 2025
10,000
 
63,097
  -   73,097  
Carrying amount        
At
31 January 2025
 -  
12,214
 
2
 
12,216
 
At 31 January 2024 -  
14,404
 
2
 
14,406
 

Fixed assets held at valuation

In respect of fixed assets held at valuation, the comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows: