Accounts filed on 30-06-2020

Accounts filed on 30-06-2020

IKON TEST SOLUTIONS LIMITED - Company Information

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06627387falsethat of design and manufacture of test equipment.2019-07-012020-06-30http://www.companieshouse.gov.uk/2019-06-30http://www.companieshouse.gov.uk/pt:PlantMachinery2019-06-30http://www.companieshouse.gov.uk/pt:ShareCapital2019-06-30http://www.companieshouse.gov.uk/cd:Director12019-07-012020-06-30http://www.companieshouse.gov.uk/pt:PlantMachinery2020-06-30http://www.companieshouse.gov.uk/pt:ShareCapital2020-06-30http://www.companieshouse.gov.uk/cd:Director22019-07-012020-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12019-07-012020-06-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2019-07-012020-06-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2019-07-012020-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2020-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2019-06-30http://www.companieshouse.gov.uk/2019-07-012020-06-30http://www.companieshouse.gov.uk/2019-06-30http://www.companieshouse.gov.uk/cd:FRS1022019-07-012020-06-30http://www.companieshouse.gov.uk/2020-06-30http://www.companieshouse.gov.uk/cd:FullAccounts2019-07-012020-06-30http://www.companieshouse.gov.uk/pt:LandBuildings2019-06-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2019-07-012020-06-30http://www.companieshouse.gov.uk/pt:LandBuildings2020-06-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 06627387
Ikon Test Solutions Limited
ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2020
Prepared By:
Wieland Accountants Limited
Chartered Accountants
Harrow Business Centre
429-433 Pinner Road
North Harrow
Middlesex
HA1 4HN
Ikon Test Solutions Limited
ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2020
DIRECTORS
Mrs R Kachhwaha
Mr S Shearer
REGISTERED OFFICE
24B Portman Road
Reading
Berkshire
RG30 1EA
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06627387
ACCOUNTANTS
Wieland Accountants Limited
Chartered Accountants
Harrow Business Centre
429-433 Pinner Road
North Harrow
Middlesex
HA1 4HN
Ikon Test Solutions Limited
ACCOUNTS
FOR THEYEARENDED30 JUNE 2020
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Ikon Test Solutions Limited
BALANCE SHEET AT 30 June 2020
20202019
Notes££
FIXED ASSETS
Tangible assets3302,031301,623
CURRENT ASSETS
Debtors4245,998234,360
Cash at bank and in hand53,64158,623
299,639292,983
CREDITORS: Amounts falling due within one year596,505172,836
NET CURRENT ASSETS203,134120,147
TOTAL ASSETS LESS CURRENT LIABILITIES505,165421,770
CREDITORS: Amounts falling due after more than one year6150,101160,766
NET ASSETS355,064261,004
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account354,964260,904
SHAREHOLDERS' FUNDS355,064261,004
For the year ending 30 June 2020 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 2 February 2021 and signed on their behalf by
.............................
Mrs R Kachhwaha
Director
Ikon Test Solutions Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2020
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
2. EMPLOYEES
20202019
No.No.
Average number of employees55
3. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachineryTotal
£££
Cost
At 1 July 2019282,75963,849346,608
Additions5,124-5,124
At 30 June 2020287,88363,849351,732
Depreciation
At 1 July 2019-44,98544,985
For the year-4,7164,716
At 30 June 2020-49,70149,701
Net Book Amounts
At 30 June 2020287,88314,148302,031
At 30 June 2019282,75918,864301,623
Ikon Test Solutions Limited
4. DEBTORS 20202019
££
Amounts falling due within one year
Trade debtors169,770143,870
VAT7,47811,378
Other debtors65,00067,112
Prepayments3,75012,000
245,998234,360
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20202019
££
UK corporation tax23,34330,717
PAYE control1,7722,874
Directors current account15,78014,760
Mortgage15,71818,201
Trade creditors39,249105,620
Other creditors643664
96,505172,836
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20202019
££
Mortgage150,101160,766
150,101160,766
7. SHARE CAPITAL 20202019
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100