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Company Registration No. 11303620 (England and Wales)
IONIK SOFTWARE LTD Unaudited Accounts for the year ended 30 April 2023
IONIK SOFTWARE LTD Unaudited Accounts Contents
Page
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IONIK SOFTWARE LTD Company Information for the year ended 30 April 2023
Director
Ibrahim Koutabli
Company Number
11303620 (England and Wales)
Registered Office
128 BRENT PARK ROAD BRENT PARK ROAD LONDON NW4 3HP UNITED KINGDOM
Accountants
Tax Whizz Greencoat House, First Floor 259 Stratford Road Birmingham West Midlands B11 1QS
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IONIK SOFTWARE LTD Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,446 
- 
Current assets
Debtors
24,589 
7,912 
Cash at bank and in hand
45,746 
508 
70,335 
8,420 
Creditors: amounts falling due within one year
(66,740)
(1,973)
Net current assets
3,595 
6,447 
Total assets less current liabilities
5,041 
6,447 
Creditors: amounts falling due after more than one year
(9,305)
(12,500)
Net liabilities
(4,264)
(6,053)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(4,364)
(6,153)
Shareholders' funds
(4,264)
(6,053)
For the year ending 30 April 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 January 2024 and were signed on its behalf by
Ibrahim Koutabli Director Company Registration No. 11303620
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IONIK SOFTWARE LTD Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
IONIK SOFTWARE LTD is a private company, limited by shares, registered in England and Wales, registration number 11303620. The registered office is 128 BRENT PARK ROAD, BRENT PARK ROAD, LONDON, NW4 3HP, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 May 2022
- 
Additions
1,446 
At 30 April 2023
1,446 
Depreciation
At 30 April 2023
- 
Net book value
At 30 April 2023
1,446 
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IONIK SOFTWARE LTD Notes to the Accounts for the year ended 30 April 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
21,000 
- 
Amounts falling due after more than one year
Other debtors
3,589 
7,912 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
21,442 
1,627 
Trade creditors
43,752 
- 
Taxes and social security
346 
346 
Accruals
1,200 
- 
66,740 
1,973 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
9,305 
12,500 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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