Ignite Sport UK Limited

Ignite Sport UK Limited
Statement of Financial Position
As at 31 August 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	3	2,430	-
Tangible fixed assets	4	101,594	125,512
Investments	5	175,749	175,749
		279,773	301,261
Current assets
Stocks	6	95,349	79,080
Debtors	7	1,351,509	1,060,108
Cash at bank and in hand		9,137	(14,682)
		1,455,995	1,124,506
Creditors: amount falling due within one year	8	(837,544)	(568,326)
Net current assets		618,451	556,180

Total assets less current liabilities		898,224	857,441
Creditors: amount falling due after more than one year	9	(402,226)	(427,067)
Provisions for liabilities	10	(12,759)	(3,949)
Net assets		483,239	426,425

Capital and reserves
Called up share capital	11	160	160
Share premium account	12	149,975	149,975
Profit and loss account		333,104	276,290
Shareholders' funds		483,239	426,425

For the year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 18 May 2026 and were signed on its behalf by:

-------------------------------
Justin Merritt
Director

Ignite Sport UK Limited
Notes to the Financial Statements
For the year ended 31 August 2025

General Information

Ignite Sport UK Limited is a private company, limited by shares, registered in England and Wales, registration number 03747182, registration address The Community Arena Oxford City Football Club, Marsh Lane, Oxford, Oxfordshire, OX3 0NQ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Reducing Balance
Motor Vehicles	20% Reducing Balance
Fixtures and Fittings	15% Reducing Balance
Computer Equipment	25% Straight Line
Improvements to property	10% Straight Line

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 35 (2024 : 30).

Intangible fixed assets

Cost	Other	Total
	£	£
At 01 September 2024	-	-
Additions	3,240	3,240
Disposals	-	-
At 31 August 2025	3,240	3,240
Amortisation
At 01 September 2024	-	-
Charge for year	810	810
On disposals	-	-
At 31 August 2025	810	810
Net book values
At 31 August 2025	2,430	2,430
At 31 August 2024	-	-

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Improvements to property	Total
	£	£	£	£	£	£
At 01 September 2024	18,922	56,288	4,905	45,868	121,154	247,137
Additions	2,785	-	320	4,938	-	8,043
Disposals	-	-	-	-	-	-
At 31 August 2025	21,707	56,288	5,225	50,806	121,154	255,180
Depreciation
At 01 September 2024	11,684	16,511	1,257	35,827	56,346	121,625
Charge for year	2,506	7,955	587	8,798	12,115	31,961
On disposals	-	-	-	-	-	-
At 31 August 2025	14,190	24,466	1,844	44,625	68,461	153,586
Net book values
Closing balance as at 31 August 2025	7,517	31,822	3,381	6,181	52,693	101,594
Opening balance as at 01 September 2024	7,238	39,777	3,648	10,041	64,808	125,512

Investments

Cost	Other investments other than loans	Total
	£	£
At 01 September 2024	175,749	175,749
Additions	-	-
Disposals	-	-
At 31 August 2025	175,749	175,749

Stocks

	2025 £		2024 £
Stocks	95,349		79,080
	95,349		79,080

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	262,227	36,827
Prepayments & Accrued Income	130,557	153,213
Other Debtors	941,267	853,948
VAT	17,458	16,120
	1,351,509	1,060,108

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	231,104	159,865
Bank Loans & Overdrafts	73,011	127,371
Corporation Tax	25,767	40,474
PAYE & Social Security	233,381	101,068
Accrued Expenses & Deferred Income	53,338	77,605
Other Creditors	60,832	50,499
Obligations under HP/Financial Leases	4,685	10,303
Wages & Salaries Control Account	50,337	-
Directors' Current Accounts	105,089	1,141
	837,544	568,326

Creditors: amount falling due after more than one year

	2025 £	2024 £
Bank Loans & Overdrafts	52,226	73,502
Other Creditors	350,000	350,000
Obligations Under HP/Financial Leases	-	3,565
	402,226	427,067

10.

Provisions for liabilities

	2025 £		2024 £
Pension Provisions	12,759		3,949
	12,759		3,949

11.

Share Capital

Allotted, called up and fully paid	2025 £	2024 £
75 Class A shares of £1.00 each	75	75
60 Class B shares of £1.00 each	60	60
25 Class C shares of £1.00 each	25	25
	160	160

12.

Share premium account

	2025 £		2024 £
Equity Share Premium b/fwd	149,975		149,975
	149,975		149,975

13.

Related Party Transactions

At the balance sheet date, the company made loans to the following companies with whom there is a director, Justin Merritt, in common:

Inspired Events Ltd - £43,108 [2024: £43,108]

Oxford City Partnership Limited - £274.753 [2024: £189,138]

Oxford City Football Club (Trading) Limited - £526,846 [2024: £468,543]

Velocity Football Club Limited - £111,595 [2024: £156,997]

At the balance sheet date, the company owed loans to the following company with whom there is a director in common:

Oxford City Sport in the Community - £15,035 [2024: £3,835]

The loans are unsecured, interest free and repayable on demand.

Registered Number: 03747182
England and Wales
IGNITE SPORT UK LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 September 2024 End date: 31 August 2025