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Registered number: 07574063
Ignite Improvement Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07574063
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 448 399
448 399
CURRENT ASSETS
Debtors 5 60,258 49,132
Cash at bank and in hand 170,003 176,917
230,261 226,049
Creditors: Amounts Falling Due Within One Year 6 (53,561 ) (75,253 )
NET CURRENT ASSETS (LIABILITIES) 176,700 150,796
TOTAL ASSETS LESS CURRENT LIABILITIES 177,148 151,195
NET ASSETS 177,148 151,195
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 177,048 151,095
SHAREHOLDERS' FUNDS 177,148 151,195
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For the year ending 31 March 2026 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 Andrew Hodgson
Director
19/10/2026
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Ignite Improvement Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07574063 . The registered office is 20 Oak Tree Road, Eccleston, St Helens, Merseyside, WA10 5LH.
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.
2.3. 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:
Office Equipment 33% on cost
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 2)
2 2
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4. Tangible Assets
Office Equipment
£
Cost
As at 1 April 2025 1,231
Additions 355
As at 31 March 2026 1,586
Depreciation
As at 1 April 2025 832
Provided during the period 306
As at 31 March 2026 1,138
Net Book Value
As at 31 March 2026 448
As at 1 April 2025 399
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 27,822 43,502
Other debtors 32,436 5,630
60,258 49,132
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors - 321
Other creditors 368 472
Taxation and social security 53,193 74,460
53,561 75,253
7. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
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8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2025 Amounts advanced Amounts repaid Amounts written off As at 31 March 2026
£ £ £ £ £
Mrs Angela Hodgson - 5,216 - - 5,216
The above loan is unsecured, interest free and repayable on demand.
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