Ionica UK Limited - Period Ending 2014-06-30

Registration number: 06271387

Ionica UK Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2014
 

Ionica UK Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Ionica UK Limited
(Registration number: 06271387)
Abbreviated Balance Sheet at 30 June 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets		2			1,821			1,847
Current assets
Debtors					20,649			19,436
Cash at bank and in hand					24,582			34,226
					45,231			53,662
Creditors: Amounts falling due within one year					(34,119)			(36,577)
Net current assets					11,112			17,085
Total assets less current liabilities					12,933			18,932
Provisions for liabilities					(69)			(9)
Net assets					12,864			18,923
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					12,764			18,823
Shareholders' funds					12,864			18,923

For the year ending 30 June 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 18 February 2015 and signed on its behalf by:

.........................................
A M Hellaby
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Ionica UK Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year. Income is recognised based on the date goods are despatched and the level of completion of services.

Depreciation

Tangible fixed assets are initially recorded at cost. Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	25% reducing balance
Computer equipment	33% reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Page 2

Ionica UK Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2013		9,893			9,893
Additions		893			893
Disposals		(487)			(487)
At 30 June 2014		10,299			10,299
Depreciation
At 1 July 2013		8,046			8,046
Charge for the year		797			797
Eliminated on disposals		(365)			(365)
At 30 June 2014		8,478			8,478
Net book value
At 30 June 2014		1,821			1,821
At 30 June 2013		1,847			1,847

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary A shares of 1 each		70			70			70			70
Ordinary B shares of 1 each		30			30			30			30
		100			100			100			100

Page 3