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REGISTERED NUMBER: 12397108 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Ikonic Training Academy Ltd

Ikonic Training Academy Ltd (Registered number: 12397108)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ikonic Training Academy Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr D J Goodfellow





REGISTERED OFFICE: Military House
24 Castle Street
Chester
Cheshire
CH1 2DS





REGISTERED NUMBER: 12397108 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Ikonic Training Academy Ltd (Registered number: 12397108)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
CURRENT ASSETS
Debtors 4 57,233 50,072
Cash at bank 16,128 29,461
73,361 79,533
CREDITORS
Amounts falling due within one year 5 8,663 10,926
NET CURRENT ASSETS 64,698 68,607
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,698

68,607

CREDITORS
Amounts falling due after more than one
year

6

31,227

47,949
NET ASSETS 33,471 20,658

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 33,451 20,638
33,471 20,658

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:




Mr D J Goodfellow - Director


Ikonic Training Academy Ltd (Registered number: 12397108)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Ikonic Training Academy Ltd 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.

The financial statements are presented in sterling, which is the functional currency of the company, rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Current 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Amounts owed by associates 57,078 50,000
Other debtors 155 72
57,233 50,072

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 5,000 5,000
Taxation and social security 3,663 5,926
8,663 10,926

Ikonic Training Academy Ltd (Registered number: 12397108)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 31,227 36,449
Other creditors - 11,500
31,227 47,949

7. RELATED PARTY DISCLOSURES

At 31.1.2024 the company was owed £50,000 (2023: £50,000) by Trinity Avenue, a trading company in which the director, D Goodfellow, has a controlling interest.