Acorah Software Products - Accounts Production 15.0.500 false true 31 December 2022 1 January 2022 true No description of principal activity 1 January 2023 31 December 2023 31 December 2023 12983849 Mr Daniel Fitzgerald Mr Jacob Hegarty iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12983849 2022-12-31 12983849 2023-12-31 12983849 2023-01-01 2023-12-31 12983849 frs-core:Non-currentFinancialInstruments 2023-12-31 12983849 frs-core:ComputerEquipment 2023-01-01 2023-12-31 12983849 frs-core:PlantMachinery 2023-01-01 2023-12-31 12983849 frs-core:CapitalRedemptionReserve 2023-01-01 2023-12-31 12983849 frs-core:CapitalRedemptionReserve 2023-12-31 12983849 frs-core:ShareCapital 2023-01-01 2023-12-31 12983849 frs-core:ShareCapital 2023-12-31 12983849 frs-core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 12983849 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12983849 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12983849 frs-bus:AbridgedAccounts 2023-01-01 2023-12-31 12983849 frs-bus:SmallEntities 2023-01-01 2023-12-31 12983849 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12983849 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12983849 frs-bus:SmallCompaniesRegimeForDirectorsReport 2023-01-01 2023-12-31 12983849 frs-bus:Director1 2023-01-01 2023-12-31 12983849 frs-bus:Director2 2023-01-01 2023-12-31 12983849 frs-countries:EnglandWales 2023-01-01 2023-12-31 12983849 2021-12-31 12983849 2022-12-31 12983849 2022-01-01 2022-12-31 12983849 frs-core:Non-currentFinancialInstruments 2022-12-31 12983849 frs-core:CapitalRedemptionReserve 2022-01-01 2022-12-31 12983849 frs-core:CapitalRedemptionReserve 2021-12-31 12983849 frs-core:CapitalRedemptionReserve 2022-12-31 12983849 frs-core:ShareCapital 2022-01-01 2022-12-31 12983849 frs-core:ShareCapital 2021-12-31 12983849 frs-core:ShareCapital 2022-12-31 12983849 frs-core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 12983849 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2021-12-31 12983849 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 12983849
Ikon Group Limited
Directors' Report and
Unaudited Abridged Financial Statements
For The Year Ended 31 December 2023
ISA Consortium Ltd
206 New Road
Croxley Green
WD3 3HH
Contents
Page
Company Information 1
Directors' Report 2—3
Abridged Profit and Loss Account 4
Abridged Balance Sheet 5—6
Statement of Changes in Equity 7
Notes to the Abridged Financial Statements 8—9
Page 1
Company Information
Directors Mr Daniel Fitzgerald
Mr Jacob Hegarty
Company Number 12983849
Registered Office Ground Floor, 29-30 Wakley Street
London
EC1V 7LT
Accountants ISA Consortium Ltd
206 New Road
Croxley Green
WD3 3HH
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 31 December 2023.
Directors
The directors who held office during the year were as follows:
Mr Daniel Fitzgerald
Mr Jacob Hegarty
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to: 
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 2
Page 3
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has 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.
On behalf of the board
Mr Jacob Hegarty
Director
02/08/2024
Page 3
Page 4
Abridged Profit and Loss Account
2023 2022
Notes £ £
GROSS PROFIT 1,712,955 934,366
Administrative expenses (1,004,127 ) (471,668 )
OPERATING PROFIT 708,828 462,698
Other interest receivable and similar income 5,783 160
PROFIT BEFORE TAXATION 714,611 462,858
Tax on Profit (168,833 ) (87,735 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 545,778 375,123
The notes on pages 8 to 9 form part of these financial statements.
Page 4
Page 5
Abridged Balance Sheet
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,513 9,927
10,513 9,927
CURRENT ASSETS
Debtors 5 763,571 602,447
Cash at bank and in hand 1,556,334 605,552
2,319,905 1,207,999
Creditors: Amounts Falling Due Within One Year (1,901,769 ) (1,137,641 )
NET CURRENT ASSETS (LIABILITIES) 418,136 70,358
TOTAL ASSETS LESS CURRENT LIABILITIES 428,649 80,285
Creditors: Amounts Falling Due After More Than One Year (28,612 ) (25,000 )
NET ASSETS 400,037 55,285
CAPITAL AND RESERVES
Called up share capital 6 2 2
Capital redemption reserve - (74,999 )
Profit and Loss Account 400,035 130,282
SHAREHOLDERS' FUNDS 400,037 55,285
Page 5
Page 6
For the year ending 31 December 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Jacob Hegarty
Director
02/08/2024
The notes on pages 8 to 9 form part of these financial statements.
Page 6
Page 7
Statement of Changes in Equity
Share Capital Capital Redemption Profit and Loss Account Total
£ £ £ £
As at 1 January 2022 3 - 8,492 8,495
Profit for the year and total comprehensive income - - 375,123 375,123
Dividends paid - - (253,333) (253,333)
Purchase of own shares (1 ) - - (1)
Transfer to/from Profit & Loss Account - (74,999 ) - (74,999)
As at 31 December 2022 and 1 January 2023 2 (74,999 ) 130,282 55,285
Profit for the year and total comprehensive income - - 545,778 545,778
Dividends paid - - (201,027) (201,027)
Share capital reduction - 74,999 - 74,999
Transfer to capital redemption reserves - - (74,998) (74,998)
As at 31 December 2023 2 - 400,035 400,037
Page 7
Page 8
Notes to the Abridged Financial Statements
1. General Information
Ikon Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12983849 . The registered office is Ground Floor, 29-30 Wakley Street, London, EC1V 7LT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25
Computer Equipment 33.3
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2022: 8)
10 8
Page 8
Page 9
4. Tangible Assets
Total
£
Cost
As at 1 January 2023 12,949
Additions 3,432
As at 31 December 2023 16,381
Depreciation
As at 1 January 2023 3,022
Provided during the period 2,846
As at 31 December 2023 5,868
Net Book Value
As at 31 December 2023 10,513
As at 1 January 2023 9,927
5. Debtors
2023 2022
£ £
Due after more than one year
Other debtors 56,673 69,473
Page 9