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Company Registration No. 14323877 (England and Wales)
Ions Electrical Limited Unaudited accounts for the year ended 31 August 2024
Ions Electrical Limited Unaudited accounts Contents
Page
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Ions Electrical Limited Company Information for the year ended 31 August 2024
Director
Joseph Ions
Company Number
14323877 (England and Wales)
Registered Office
20 Steyning Close Crawley RH10 8HR
Accountants
MIB Accountants Limited Kingfisher House 21-23 Elmfield Road Bromley Kent BR1 1LT
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Ions Electrical Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
4,834 
Current assets
Debtors
7,837 
3,071 
Cash at bank and in hand
8,899 
8,336 
16,736 
11,407 
Creditors: amounts falling due within one year
(15,991)
(14,464)
Net current assets/(liabilities)
745 
(3,057)
Net assets
745 
1,777 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
645 
1,677 
Shareholders' funds
745 
1,777 
For the year ending 31 August 2024 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 3 January 2025 and were signed on its behalf by
Joseph Ions Director Company Registration No. 14323877
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Ions Electrical Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Ions Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 14323877. The registered office is 20 Steyning Close, Crawley, RH10 8HR.
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.
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.
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:
Motor vehicles
25% Straight line
Taxation
The tax is payable on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss accounts because it excludes items of income and expenditure that are taxable or deductible in other years and it further excludes 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 reporting end date.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Ions Electrical Limited Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 September 2023
6,446 
Disposals
(6,446)
At 31 August 2024
- 
Depreciation
At 1 September 2023
1,612 
On disposals
(1,612)
At 31 August 2024
- 
Net book value
At 31 August 2024
- 
At 31 August 2023
4,834 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,695 
1,195 
Other debtors
5,142 
1,876 
7,837 
3,071 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
4,593 
6,149 
Other creditors
3,310 
744 
Loans from directors
8,088 
7,571 
15,991 
14,464 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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