| IONIAN LIMITED |
| Notes to the Accounts |
| for the year ended 30 April 2021 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
Plant and machinery |
20% on cost |
|
|
Going concern |
|
At the balance sheet date, the company's liabilities exceeded its assets. The directors and shareholders have undertaken that they will continue to give financial support to the company for at least twelve months from the date of signing these accounts. The Directors therefore consider it appropriate to prepare the accounts on a going concern basis. |
|
|
| 2 |
Employees |
2021 |
|
2020 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 May 2020 |
13,992 |
|
At 30 April 2021 |
13,992 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2020 |
13,991 |
|
At 30 April 2021 |
13,991 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2021 |
1 |
|
At 30 April 2020 |
1 |
|
|
| 4 |
Debtors |
2021 |
|
2020 |
| £ |
£ |
|
|
Other debtors |
15,910 |
|
15,910 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2021 |
|
2020 |
| £ |
£ |
|
|
Trade creditors |
7,118 |
|
7,118 |
|
Other creditors |
9,800 |
|
9,800 |
|
|
|
|
|
|
16,918 |
|
16,918 |
|
|
|
|
|
|
|
|
|
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| 6 |
Other information |
|
|
IONIAN LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
Holly House |
|
Linkside South |
|
Beacon Hill |
|
Hindhead |
|
GU26 6NX |
