Ignite DMA Ltd

Ignite DMA Ltd

IGNITE DMA LTD - Company Information

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1 June 2022 false No description of principal activity Taxfiler 2023.8 10104671business:PrivateLimitedCompanyLtd2022-06-012023-05-31 101046712022-05-31 101046712022-06-012023-05-31 10104671business:AuditExempt-NoAccountantsReport2022-06-012023-05-31 10104671business:FilletedAccounts2022-06-012023-05-31 101046712023-05-31 10104671business:Director12022-06-012023-05-31 10104671business:RegisteredOffice2022-06-012023-05-31 101046712022-05-31 10104671core:WithinOneYear2023-05-31 10104671core:WithinOneYear2022-05-31 10104671core:AfterOneYear2023-05-31 10104671core:AfterOneYear2022-05-31 10104671core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 10104671core:ShareCapitalcore:PreviouslyStatedAmount2022-05-31 10104671core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 10104671core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 10104671core:PreviouslyStatedAmount2023-05-31 10104671core:PreviouslyStatedAmount2022-05-31 10104671business:SmallEntities2022-06-012023-05-31 10104671countries:EnglandWales2022-06-012023-05-31 10104671core:ComputerEquipment2022-06-012023-05-31 10104671core:Goodwill2022-05-31 10104671core:Goodwill2022-06-012023-05-31 10104671core:Goodwill2023-05-31 10104671core:ComputerEquipment2022-05-31 10104671core:ComputerEquipment2023-05-31 101046712021-06-012022-05-31 iso4217:GBP xbrli:pure
Company Registration No. 10104671 (England and Wales)
Ignite DMA Ltd Unaudited accounts for the year ended 31 May 2023
Ignite DMA Ltd Unaudited accounts Contents
Page
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Ignite DMA Ltd Company Information for the year ended 31 May 2023
Director
Daniel Ashburn
Company Number
10104671 (England and Wales)
Registered Office
5 SUNFLOWER STREET STREETHAY LICHFIELD WS13 8UU ENGLAND
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Ignite DMA Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
25,077 
40,369 
Tangible assets
5
3,470 
3,861 
28,547 
44,230 
Current assets
Debtors
6
17,110 
58,546 
Cash at bank and in hand
830 
73,762 
17,940 
132,308 
Creditors: amounts falling due within one year
7
(21,647)
(33,944)
Net current (liabilities)/assets
(3,707)
98,364 
Total assets less current liabilities
24,840 
142,594 
Creditors: amounts falling due after more than one year
8
(101,522)
(142,634)
Net liabilities
(76,682)
(40)
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
(76,686)
(44)
Shareholders' funds
(76,682)
(40)
For the year ending 31 May 2023 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 September 2023 and were signed on its behalf by
Daniel Ashburn Director Company Registration No. 10104671
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Ignite DMA Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Ignite DMA Ltd is a private company, limited by shares, registered in England and Wales, registration number 10104671. The registered office is 5 SUNFLOWER STREET, STREETHAY, LICHFIELD, WS13 8UU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2022
40,369 
Disposals
(15,292)
At 31 May 2023
25,077 
Amortisation
At 1 June 2022
- 
At 31 May 2023
- 
Net book value
At 31 May 2023
25,077 
At 31 May 2022
40,369 
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Ignite DMA Ltd Notes to the Accounts for the year ended 31 May 2023
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2022
7,296 
Additions
489 
At 31 May 2023
7,785 
Depreciation
At 1 June 2022
3,435 
Charge for the year
880 
At 31 May 2023
4,315 
Net book value
At 31 May 2023
3,470 
At 31 May 2022
3,861 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
6,720 
Accrued income and prepayments
275 
- 
Other debtors
16,835 
51,826 
17,110 
58,546 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,125 
- 
VAT
13,197 
19,983 
Trade creditors
4,722 
11,130 
Taxes and social security
2,603 
14,912 
Other creditors
- 
1,835 
Loans from directors
- 
(13,916)
21,647 
33,944 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
101,522 
141,653 
Taxes and social security
- 
981 
101,522 
142,634 
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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