Ignition Law Limited - Accounts to registrar (filleted) - small 18.2

Ignition Law Limited - Accounts to registrar (filleted) - small 18.2


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IGNITION LAW LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2018






IGNITION LAW LIMITED (REGISTERED NUMBER: 09285986)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IGNITION LAW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: D G Farquharson
A J McPherson





REGISTERED OFFICE: Suite 1.1 First Floor, Moray House
23 - 31 Great Titchfield Street
London
W1W7PA





REGISTERED NUMBER: 09285986 (England and Wales)





ACCOUNTANTS: AEL Markhams Ltd
Chartered Accountants
201 Haverstock Hill
London
NW3 4QG

IGNITION LAW LIMITED (REGISTERED NUMBER: 09285986)

BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 2,594 1,729

CURRENT ASSETS
Debtors 4 40,239 11,304
Cash at bank - 1,885
40,239 13,189
CREDITORS
Amounts falling due within one year 5 22,972 10,547
NET CURRENT ASSETS 17,267 2,642
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,861

4,371

CAPITAL AND RESERVES
Called up share capital 40 40
Retained earnings 19,821 4,331
SHAREHOLDERS' FUNDS 19,861 4,371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 26 November 2018 and were signed on its behalf
by:





D G Farquharson - Director


IGNITION LAW LIMITED (REGISTERED NUMBER: 09285986)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1. STATUTORY INFORMATION

Ignition Law Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Trademark is being amortised evenly over its estimated useful life of nil years.

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2017 2,161
Additions 1,387
At 31 March 2018 3,548
AMORTISATION
At 1 April 2017 432
Charge for year 522
At 31 March 2018 954
NET BOOK VALUE
At 31 March 2018 2,594
At 31 March 2017 1,729

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 451 6,950
Amounts owed by group undertakings 39,773 4,354
Other debtors 15 -
40,239 11,304

IGNITION LAW LIMITED (REGISTERED NUMBER: 09285986)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors - 706
Taxation and social security 11,278 8,084
Other creditors 11,694 1,757
22,972 10,547

6. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr D Farquharson and Mr A McPherson. Their control comes by virtue of their
directorship, shareholding and day to day running of the company.