IRIS Accounts Production v22.1.4.3 08305172 director 1.4.21 31.3.22 31.3.22 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure083051722021-03-31083051722022-03-31083051722021-04-012022-03-31083051722020-03-31083051722020-04-012021-03-31083051722021-03-3108305172ns16:EnglandWales2021-04-012022-03-3108305172ns15:PoundSterling2021-04-012022-03-3108305172ns11:Director12021-04-012022-03-3108305172ns11:PrivateLimitedCompanyLtd2021-04-012022-03-3108305172ns11:SmallEntities2021-04-012022-03-3108305172ns11:AuditExemptWithAccountantsReport2021-04-012022-03-3108305172ns11:SmallCompaniesRegimeForDirectorsReport2021-04-012022-03-3108305172ns11:SmallCompaniesRegimeForAccounts2021-04-012022-03-3108305172ns11:FullAccounts2021-04-012022-03-3108305172ns11:OrdinaryShareClass12021-04-012022-03-3108305172ns11:RegisteredOffice2021-04-012022-03-3108305172ns6:CurrentFinancialInstruments2022-03-3108305172ns6:CurrentFinancialInstruments2021-03-3108305172ns6:Non-currentFinancialInstruments2022-03-3108305172ns6:Non-currentFinancialInstruments2021-03-3108305172ns6:ShareCapital2022-03-3108305172ns6:ShareCapital2021-03-3108305172ns6:RetainedEarningsAccumulatedLosses2022-03-3108305172ns6:RetainedEarningsAccumulatedLosses2021-03-3108305172ns6:PlantMachinery2021-04-012022-03-3108305172ns6:PlantMachinery2021-03-3108305172ns6:PlantMachinery2022-03-3108305172ns6:PlantMachinery2021-03-3108305172ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3108305172ns6:WithinOneYearns6:CurrentFinancialInstruments2021-03-3108305172ns11:OrdinaryShareClass12022-03-3108305172ns6:RetainedEarningsAccumulatedLosses2021-03-3108305172ns6:RetainedEarningsAccumulatedLosses2021-04-012022-03-31
REGISTERED NUMBER: 08305172 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Ion Electrical Limited

Ion Electrical Limited (Registered number: 08305172)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Ion Electrical Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: Mr N E Scott-Brown





REGISTERED OFFICE: 3 Clover House
Boston Road
Sleaford
Lincolnshire
NG34 7HD





REGISTERED NUMBER: 08305172 (England and Wales)





ACCOUNTANTS: D Hubbard Accountancy Limited
3 Clover House
Boston Road
Sleaford
Lincolnshire
NG34 7HD

Ion Electrical Limited (Registered number: 08305172)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,170 13,445

CURRENT ASSETS
Debtors 5 5,588 -
Cash at bank 11,190 36,845
16,778 36,845
CREDITORS
Amounts falling due within one year 6 20,218 18,564
NET CURRENT (LIABILITIES)/ASSETS (3,440 ) 18,281
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,730

31,726

CREDITORS
Amounts falling due after more than one
year

7

6,432

9,290
NET ASSETS 298 22,436

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 297 22,435
SHAREHOLDERS' FUNDS 298 22,436

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Ion Electrical Limited (Registered number: 08305172)

Balance Sheet - continued
31 March 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 September 2022 and were signed by:





Mr N E Scott-Brown - Director


Ion Electrical Limited (Registered number: 08305172)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Ion Electrical 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

Ion Electrical Limited (Registered number: 08305172)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 24,952
Additions 2,085
At 31 March 2022 27,037
DEPRECIATION
At 1 April 2021 11,507
Charge for year 5,360
At 31 March 2022 16,867
NET BOOK VALUE
At 31 March 2022 10,170
At 31 March 2021 13,445

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 3,033 -
VAT 2,555 -
5,588 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Hire purchase contracts 2,859 2,859
Trade creditors 1,605 -
Tax 3,959 9,515
VAT - 447
Directors' current accounts 10,664 4,659
Accrued expenses 1,131 1,084
20,218 18,564

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Hire purchase contracts 6,432 9,290

Ion Electrical Limited (Registered number: 08305172)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.22 31.3.21
value: £    £   
1 Ordinary 1 1 1

9. RESERVES
Retained
earnings
£   

At 1 April 2021 22,435
Profit for the year 17,362
Dividends (39,500 )
At 31 March 2022 297

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £39,500 (2021 - £25,000) were paid to the director .

Ion Electrical Limited

Report of the Accountants to the Director of
Ion Electrical Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2022 set out on pages two to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






D Hubbard Accountancy Limited
3 Clover House
Boston Road
Sleaford
Lincolnshire
NG34 7HD


14 September 2022