IKONS GLOBAL LIMITED 11021005 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is Recruitment Digita Accounts Production Advanced 6.30.9574.0 true true 11021005 2022-11-01 2023-10-31 11021005 2023-10-31 11021005 bus:OrdinaryShareClass1 bus:CumulativeRedeemableShares 2023-10-31 11021005 core:CurrentFinancialInstruments 2023-10-31 11021005 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 11021005 core:FurnitureFittingsToolsEquipment 2023-10-31 11021005 bus:SmallEntities 2022-11-01 2023-10-31 11021005 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 11021005 bus:FilletedAccounts 2022-11-01 2023-10-31 11021005 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 11021005 bus:RegisteredOffice 2022-11-01 2023-10-31 11021005 bus:Director1 2022-11-01 2023-10-31 11021005 bus:Director2 2022-11-01 2023-10-31 11021005 bus:OrdinaryShareClass1 bus:CumulativeRedeemableShares 2022-11-01 2023-10-31 11021005 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11021005 core:OfficeEquipment 2022-11-01 2023-10-31 11021005 countries:EnglandWales 2022-11-01 2023-10-31 11021005 2021-11-01 2022-10-31 11021005 2022-10-31 11021005 bus:OrdinaryShareClass1 bus:CumulativeRedeemableShares 2022-10-31 11021005 core:CurrentFinancialInstruments 2022-10-31 11021005 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 11021005 core:FurnitureFittingsToolsEquipment 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11021005

IKONS GLOBAL LIMITED

trading as IKONS GLOBAL (UK)

Annual Report and Financial Statements

for the Year Ended 31 October 2023
 

 

IKONS GLOBAL LIMITED

trading as IKONS GLOBAL (UK)

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

IKONS GLOBAL LIMITED

trading as IKONS GLOBAL (UK)

Company Information

Directors

Mr Erjon Kozeli

Besnik Leskaj

Registered office

17 Skelton Close
Lawford
Manningtree
Essex
CO11 2HT

Accountants

CityTrust Accounts Limited
17 Skelton Close
Lawford
Manningtree
Essex
CO11 2HT

 

IKONS GLOBAL LIMITED

trading as IKONS GLOBAL (UK)

(Registration number: 11021005)
Balance Sheet as at 31 October 2023

Note

2023
£

(As restated)

2022
£

Fixed assets

 

Tangible assets

4

-

4,950

Current assets

 

Debtors

5

375,380

484,746

Cash at bank and in hand

 

37,921

37,295

 

413,301

522,041

Creditors: Amounts falling due within one year

6

(852,297)

(1,069,555)

Net current liabilities

 

(438,996)

(547,514)

Net liabilities

 

(438,996)

(542,564)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(439,096)

(542,664)

Shareholders' deficit

 

(438,996)

(542,564)

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 July 2024 and signed on its behalf by:
 

 

IKONS GLOBAL LIMITED

trading as IKONS GLOBAL (UK)

(Registration number: 11021005)
Balance Sheet as at 31 October 2023

.........................................
Mr Erjon Kozeli
Director

 

IKONS GLOBAL LIMITED

trading as IKONS GLOBAL (UK)

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
17 Skelton Close
Lawford
Manningtree
Essex
CO11 2HT
England

These financial statements were authorised for issue by the Board on 30 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

IKONS GLOBAL LIMITED

trading as IKONS GLOBAL (UK)

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

IKONS GLOBAL LIMITED

trading as IKONS GLOBAL (UK)

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

 

IKONS GLOBAL LIMITED

trading as IKONS GLOBAL (UK)

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Depreciation

Carrying amount

At 31 October 2023

-

-

At 31 October 2022

4,950

4,950

5

Debtors

Current

2023
£

(As restated)

2022
£

Trade debtors

28,584

107,441

Prepayments

-

2,661

Other debtors

346,796

374,644

 

375,380

484,746

6

Creditors

Creditors: amounts falling due within one year

2023
£

(As restated)

2022
£

Due within one year

Trade creditors

8,855

40,816

Taxation and social security

70,958

50,041

Accruals and deferred income

-

28,586

Other creditors

772,484

950,112

852,297

1,069,555

7

Share capital

Allotted, called up and fully paid shares

 

IKONS GLOBAL LIMITED

trading as IKONS GLOBAL (UK)

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

2023

2022

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

       

8

Related party transactions

 

IKONS GLOBAL LIMITED

trading as IKONS GLOBAL (UK)

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

121,054

107,116