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Registered number: 07984989
Ignite V1 LTD
Unaudited Financial Statements
For the Period 1 October 2024 to 30 June 2025
GC Accountancy Management Service Ltd
c/o GCAMS, Jubilee House
3 The Drive
Great Warley
Essex
CM13 3FR
Ignite V1 LTD
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Ignite V1 LTD
Balance Sheet
As At 30 June 2025
Balance Sheet
Registered number: 07984989

| 30 June 2025 | 30 September 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | - |  | 9,000
Tangible Assets | 5 |  | 2,426 |  | 5,431
|  |  | 2,426 |  | 14,431
CURRENT ASSETS
Debtors | 6 | 44,016 |  | 25,206 |
Cash at bank and in hand |  | 11,541 |  | 32,950 |
|  | 55,557 |  | 58,156 |
Creditors: Amounts Falling Due Within One Year | 7 | (44,476 ) |  | (56,746 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 11,081 |  | 1,410
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 13,507 |  | 15,841
NET ASSETS |  |  | 13,507 |  | 15,841
CAPITAL AND RESERVES
Called up share capital | 8 |  | 100 |  | 100
Profit and Loss Account |  |  | 13,407 |  | 15,741
SHAREHOLDERS' FUNDS |  |  | 13,507 |  | 15,841

Page 1
Page 2
Ignite V1 LTD
Balance Sheet (continued)
As At 30 June 2025
For the period ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Edward Birkin Director
31/07/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Ignite V1 LTD
Notes to the Financial Statements
For the Period 1 October 2024 to 30 June 2025
Notes to the Financial Statements
1. General Information
Ignite V1 LTD is a private company, limited by shares, incorporated in England & Wales, registered number 07984989 . The registered office is c/o GCAMS, Jubilee House 3 , The Drive Great Warley, Essex, CM13 3FR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are artwork which is not expected to reduce in value and as such no amortisation shall be charged.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 15% Reducing Balance
Fixtures & Fittings | 25% Straight Line
Computer Equipment | 33% Straight Line

2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
Ignite V1 LTD
Notes to the Financial Statements (continued)
For the Period 1 October 2024 to 30 June 2025
3. Average Number of Employees
Average number of employees, including directors, during the period was:

| 30 June 2025 |  | 30 September 2024
--- | --- | --- | ---
Office and administration | 1 |  | 1
Sales, marketing and distribution | 1 |  | 1
| 2 |  | 2

4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 1 October 2024 | 13,900
Disposals | (9,000 )
As at 30 June 2025 | 4,900
Amortisation
As at 1 October 2024 | 4,900
As at 30 June 2025 | 4,900
Net Book Value
As at 30 June 2025 | -
As at 1 October 2024 | 9,000

5. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 October 2024 | 1,261 | 14,665 | 15,926
As at 30 June 2025 | 1,261 | 14,665 | 15,926
Depreciation
As at 1 October 2024 | 1,262 | 9,233 | 10,495
Provided during the period | - | 3,005 | 3,005
As at 30 June 2025 | 1,262 | 12,238 | 13,500
Net Book Value
As at 30 June 2025 | (1 ) | 2,427 | 2,426
As at 1 October 2024 | (1 ) | 5,432 | 5,431

Page 4
Page 5
Ignite V1 LTD
Notes to the Financial Statements (continued)
For the Period 1 October 2024 to 30 June 2025
6. Debtors

| 30 June 2025 |  | 30 September 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 14,016 |  | -
Prepayments and accrued income | 30,000 |  | 1,206
Amounts owed by group undertakings | - |  | 24,000
| 44,016 |  | 25,206

7. Creditors: Amounts Falling Due Within One Year

| 30 June 2025 |  | 30 September 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 2,803 |  | 358
Other loans | - |  | (4,833 )
Corporation tax | 5,264 |  | 23,039
Other taxes and social security | - |  | 1,876
VAT | 2,299 |  | 4,711
Accruals and deferred income | 600 |  | 600
Directors' loan accounts | 33,510 |  | 30,995
| 44,476 |  | 56,746

8. Share Capital

| 30 June 2025 |  | 30 September 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

Page 5