We Are Ignition Ltd,Ltd - AccountsLtd - Accounts

We Are Ignition Ltd,Ltd - AccountsLtd - Accounts

WE ARE IGNITION LTD - Company Information

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2016-04-01 04737221 2017-04-30 04737221 2016-04-01 2017-04-30 04737221 2016-03-31 04737221 2015-04-01 2016-03-31 04737221 uk-core:WithinOneYear 2016-03-31 04737221 uk-core:WithinOneYear 2017-04-30 04737221 uk-core:ShareCapital 2017-04-30 04737221 uk-core:ShareCapital 2016-03-31 04737221 uk-core:RetainedEarningsAccumulatedLosses 2017-04-30 04737221 uk-core:RetainedEarningsAccumulatedLosses 2016-03-31 04737221 uk-bus:Director1 2016-04-01 2017-04-30 04737221 uk-core:ToolsEquipment 2016-04-01 2017-04-30 iso4217:GBP 04737221 uk-bus:AuditExemptWithAccountantsReport 2016-04-01 2017-04-30 04737221 uk-bus:FRS102 2016-04-01 2017-04-30 04737221 uk-bus:FullAccounts 2016-04-01 2017-04-30 04737221 uk-bus:PrivateLimitedCompanyLtd 2016-04-01 2017-04-30
We Are Ignition Ltd
Registered Number:04737221
For the period ended 30 April 2017
England and Wales
Unaudited Financial Statements
2
For the period ended 30 April 2017
We Are Ignition Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 30 April 2017
We Are Ignition Ltd
Statement of Financial Position
Registered Number :
04737221
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
-
2,917
2
-
2,917
Current assets
Trade and other receivables
71,248
411
3
164,998
Cash and cash equivalents
109,357
109,768
236,246
Trade and other payables: amounts falling due within one
year
(86,593)
(25,956)
4
149,653
83,812
Net current assets
Total assets less current liabilities
83,812
152,570
83,812
Net assets
152,570
Capital and reserves
Called up share capital
2
2
Retained earnings
83,810
152,568
83,812
152,570
Shareholders' funds
For the period ended 30 April 2017 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 of its financial statements for the period ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Mr Sean Gareth Patterson Director
These financial statements were approved and authorised for issue by the Board on 05 June 2017 and were signed by:
The notes form part of these financial statements
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4
For the period ended 30 April 2017
We Are Ignition Ltd
Notes to the Financial Statements
Statutory Information
We Are Ignition Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04737221.
Principal place of business:
Sweeps Building
6-7 St Cross Street
London
EC1N 8UA
Registered address:
St Mary's Chambers
59 Quarry Street
Guildford
Surrey
GU1 3UA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
Property, plant and equipment
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:
33% Straight line
Computer equipment
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 3
5
For the period ended 30 April 2017
We Are Ignition Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Computer
equipment
£
Cost or
valuation
At 01 April 2016
17,749
Disposals
(17,749)
At 30 April 2017
-
Provision for depreciation and impairment
At 01 April 2016
14,832
(14,832)
On disposal
At 30 April 2017
-
At 30 April 2017
Net book value
-
At 31 March 2016
2,917
3. Trade and other receivables
2016
2017
£
£
Trade debtors
-
51,134
Other debtors
411
20,114
71,248
411
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
-
1,897
Taxation and social security
25,082
82,408
Other creditors
874
2,288
25,956
86,593
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