Ignited Limited - Accounts to registrar (filleted) - small 17.3

Ignited Limited - Accounts to registrar (filleted) - small 17.3

IGNITED LTD - Company Information

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REGISTERED NUMBER: 06940203 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

FOR

IGNITED LTD
IGNITED LTD (REGISTERED NUMBER: 06940203)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IGNITED LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2017







DIRECTOR: Ms G Sumner





REGISTERED OFFICE: 15 Sampson Park
Binfield
Bracknell
Berkshire
RG42 4BN





REGISTERED NUMBER: 06940203 (England and Wales)





ACCOUNTANTS: Harlows Accountants
Lexham House Forest Road
Binfield
Bracknell
Berkshire
RG42 4HP
Page 1
IGNITED LTD (REGISTERED NUMBER: 06940203)

BALANCE SHEET
30 JUNE 2017

30/6/17 30/6/16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,157 18,452

CURRENT ASSETS
Debtors 5 63,960 50,155
Cash at bank 260,599 216,136
324,559 266,291
CREDITORS
Amounts falling due within one year 6 28,178 54,255
NET CURRENT ASSETS 296,381 212,036
TOTAL ASSETS LESS CURRENT
LIABILITIES
311,538
230,488

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 311,537 230,487
SHAREHOLDERS' FUNDS 311,538 230,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps 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 Sections
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.

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 29 March 2018 and were signed by:





Ms G Sumner - Director


The notes form part of these financial statements

Page 2
IGNITED LTD (REGISTERED NUMBER: 06940203)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017

1. STATUTORY INFORMATION

Ignited Ltd is a private company, limited by shares , registered in England and Wales. The company's registered
number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover
Turnover represents net fees receivable for services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and Fittings - 25% on reducing balance
Motor Vehicles - 25% on reducing balance
Computer Equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 3 ) .

Page 3 continued...
IGNITED LTD (REGISTERED NUMBER: 06940203)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2017

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
Fittings Vehicles Equipment Totals
£    £    £    £   
COST
At 1 July 2016 39,582 8,566 3,794 51,942
Additions - - 1,914 1,914
At 30 June 2017 39,582 8,566 5,708 53,856
DEPRECIATION
At 1 July 2016 27,943 2,876 2,671 33,490
Charge for year 2,910 1,423 876 5,209
At 30 June 2017 30,853 4,299 3,547 38,699
NET BOOK VALUE
At 30 June 2017 8,729 4,267 2,161 15,157
At 30 June 2016 11,639 5,690 1,123 18,452

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/17 30/6/16
£    £   
Trade Debtors 62,908 49,156
PAYE Debtor 159 96
VAT Debtor 418 73
Prepayments 475 830
63,960 50,155

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/17 30/6/16
£    £   
Trade Creditors - 1,613
Business Card Creditor 32 32
Corporation Tax 25,085 32,109
Directors' Current Accounts 1,381 18,901
Accrued Expenses 1,680 1,600
28,178 54,255

Page 4