Ikon Associates Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04086949 (England and Wales)

IKON ASSOCIATES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2013

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A J Shaw

J L Shaw

REGISTERED OFFICE:

Mount Manor House

16 The Mount

Guildford

Surrey

GU2 4HN

REGISTERED NUMBER:

04086949 (England and Wales)

FIXED ASSETS

Intangible assets

2

9,000

-

Tangible assets

3

9,653

-

18,653

-

CURRENT ASSETS

Debtors

32,459

-

Cash at bank

2,733

-

35,192

-

CREDITORS

Amounts falling due within one year

(54,988

)

-

NET CURRENT LIABILITIES

(19,796

)

-

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,143

)

-

CAPITAL AND RESERVES

Called up share capital

4

2

-

Profit and loss account

(1,145

)

-

SHAREHOLDERS' FUNDS

(1,143

)

-

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 14 October 2014 and were signed on its behalf by:

A J Shaw - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts are prepared on a going concern basis. The use of the going concern basis of

accounting is appropriate because there are no material uncertainties related to events or conditions

that may cast significant doubt about the ability of the company to continue as a going concern.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Turnover represents net invoiced sales of services, net of value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

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 cost

Computer equipment

-

50% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

10,000

At 31 October 2013

10,000

AMORTISATION

Amortisation for year

1,000

At 31 October 2013

1,000

NET BOOK VALUE

At 31 October 2013

9,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

12,950

At 31 October 2013

12,950

DEPRECIATION

Charge for year

3,297

At 31 October 2013

3,297

NET BOOK VALUE

At 31 October 2013

9,653

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

2

Ordinary

£1

2

-