IRIS Accounts Production v23.3.1.45 04232607 director 1.5.22 30.4.23 30.4.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure042326072022-04-30042326072023-04-30042326072022-05-012023-04-30042326072021-04-30042326072021-05-012022-04-30042326072022-04-3004232607ns16:EnglandWales2022-05-012023-04-3004232607ns15:PoundSterling2022-05-012023-04-3004232607ns11:Director12022-05-012023-04-3004232607ns11:PrivateLimitedCompanyLtd2022-05-012023-04-3004232607ns11:SmallEntities2022-05-012023-04-3004232607ns11:AuditExempt-NoAccountantsReport2022-05-012023-04-3004232607ns11:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3004232607ns11:SmallCompaniesRegimeForAccounts2022-05-012023-04-3004232607ns11:FullAccounts2022-05-012023-04-300423260712022-05-012023-04-3004232607ns11:OrdinaryShareClass12022-05-012023-04-3004232607ns11:CompanySecretary12022-05-012023-04-3004232607ns11:RegisteredOffice2022-05-012023-04-3004232607ns6:CurrentFinancialInstruments2023-04-3004232607ns6:CurrentFinancialInstruments2022-04-3004232607ns6:ShareCapital2023-04-3004232607ns6:ShareCapital2022-04-3004232607ns6:RetainedEarningsAccumulatedLosses2023-04-3004232607ns6:RetainedEarningsAccumulatedLosses2022-04-3004232607ns6:IntangibleAssetsOtherThanGoodwill2022-05-012023-04-3004232607ns6:PatentsTrademarksLicencesConcessionsSimilar2022-05-012023-04-3004232607ns6:PlantMachinery2022-05-012023-04-3004232607ns6:IntangibleAssetsOtherThanGoodwill2022-04-3004232607ns6:IntangibleAssetsOtherThanGoodwill2023-04-3004232607ns6:IntangibleAssetsOtherThanGoodwill2022-04-3004232607ns6:PlantMachinery2022-04-3004232607ns6:ComputerEquipment2022-04-3004232607ns6:ComputerEquipment2022-05-012023-04-3004232607ns6:PlantMachinery2023-04-3004232607ns6:ComputerEquipment2023-04-3004232607ns6:PlantMachinery2022-04-3004232607ns6:ComputerEquipment2022-04-3004232607ns6:WithinOneYearns6:CurrentFinancialInstruments2023-04-3004232607ns6:WithinOneYearns6:CurrentFinancialInstruments2022-04-3004232607ns11:OrdinaryShareClass12023-04-3004232607ns6:RetainedEarningsAccumulatedLosses2022-04-3004232607ns6:RetainedEarningsAccumulatedLosses2022-05-012023-04-3004232607ns11:Director112022-04-3004232607ns11:Director112021-04-3004232607ns11:Director112022-05-012023-04-3004232607ns11:Director112021-05-012022-04-3004232607ns11:Director112023-04-3004232607ns11:Director112022-04-30
REGISTERED NUMBER: 04232607 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

IKONYX LIMITED

IKONYX LIMITED (REGISTERED NUMBER: 04232607)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IKONYX LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2023







DIRECTOR: A C Miller





SECRETARY: Mrs A M Miller





REGISTERED OFFICE: The Chapel
58 London Street
Whitchurch
Hampshire
RG28 7LN





REGISTERED NUMBER: 04232607 (England and Wales)





ACCOUNTANT: Richard Kyte Associates
Chartered Certified Accountant
126 Weyhill Road
Andover
Hampshire
SP10 3BE

IKONYX LIMITED (REGISTERED NUMBER: 04232607)

BALANCE SHEET
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,014 11,014
Tangible assets 5 3,420 3,624
11,434 14,638

CURRENT ASSETS
Stocks 53,774 56,274
Debtors 6 679,969 415,385
Cash at bank and in hand 178,067 65,708
911,810 537,367
CREDITORS
Amounts falling due within one year 7 401,574 165,571
NET CURRENT ASSETS 510,236 371,796
TOTAL ASSETS LESS CURRENT
LIABILITIES

521,670

386,434

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 521,669 386,433
SHAREHOLDERS' FUNDS 521,670 386,434

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

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 8 February 2024 and were signed by:





A C Miller - Director


IKONYX LIMITED (REGISTERED NUMBER: 04232607)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Ikonyx 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 - 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

IKONYX LIMITED (REGISTERED NUMBER: 04232607)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2022
and 30 April 2023 12,000
AMORTISATION
At 1 May 2022 986
Charge for year 3,000
At 30 April 2023 3,986
NET BOOK VALUE
At 30 April 2023 8,014
At 30 April 2022 11,014

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 May 2022 265,212 - 265,212
Additions - 1,240 1,240
At 30 April 2023 265,212 1,240 266,452
DEPRECIATION
At 1 May 2022 261,588 - 261,588
Charge for year 1,035 409 1,444
At 30 April 2023 262,623 409 263,032
NET BOOK VALUE
At 30 April 2023 2,589 831 3,420
At 30 April 2022 3,624 - 3,624

6. DEBTORS
30.4.23 30.4.22
£    £   
Amounts falling due within one year:
Trade debtors 347,148 39,379
Loan to director 92,553 92,001
VAT 1,226 -
Deferred tax asset 8,516 13,165
Prepayments 47,500 -
496,943 144,545

Amounts falling due after more than one year:
Loan to related companies 183,026 270,840

Aggregate amounts 679,969 415,385

IKONYX LIMITED (REGISTERED NUMBER: 04232607)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 376,105 150,739
Tax 20,083 7,695
VAT - 1,269
Other creditors 584 1,466
Loan from related company 1,272 1,272
Accrued expenses 3,530 3,130
401,574 165,571

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
1 Ordinary £1 1 1

9. RESERVES
Retained
earnings
£   

At 1 May 2022 386,433
Profit for the year 135,236
At 30 April 2023 521,669

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23 30.4.22
£    £   
A C Miller
Balance outstanding at start of year 92,001 68,325
Amounts advanced 1,852 23,676
Amounts repaid (1,300 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 92,553 92,001

Interest is charged on the loans at the official rate as advised by HMRC.

11. RELATED PARTY DISCLOSURES

The company was under the control of Mr A. Miller, the sole director, throughout the current and previous year by virtue of his 100% shareholding.


During the year, the company paid rent of £6,000 to a related company but wrote off amounts of £83,663 due from another related company. This related to work invoiced in previous periods but that company was unable to pay due to insufficient liquid resources. The total amount outstanding at the year end due from related Companies was £183,026 (2022 - £270,840), which is repayable after more than one year.

At the year end, there was a balance of £1,272 due to another related company which was unchanged from the opening balance.