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REGISTERED NUMBER: 04232607 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

IKONYX LIMITED

IKONYX LIMITED (REGISTERED NUMBER: 04232607)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IKONYX LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







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 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,014 8,014
Tangible assets 5 4,541 3,420
9,555 11,434

CURRENT ASSETS
Stocks 2,500 53,774
Debtors 6 620,375 679,969
Cash at bank 475,257 178,067
1,098,132 911,810
CREDITORS
Amounts falling due within one year 7 469,971 401,574
NET CURRENT ASSETS 628,161 510,236
TOTAL ASSETS LESS CURRENT
LIABILITIES

637,716

521,670

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 637,715 521,669
SHAREHOLDERS' FUNDS 637,716 521,670

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 January 2025 and were signed by:





A C Miller - Director


IKONYX LIMITED (REGISTERED NUMBER: 04232607)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

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 2 (2023 - 1 ) .

IKONYX LIMITED (REGISTERED NUMBER: 04232607)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 12,000
AMORTISATION
At 1 May 2023 3,986
Charge for year 3,000
At 30 April 2024 6,986
NET BOOK VALUE
At 30 April 2024 5,014
At 30 April 2023 8,014

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 May 2023 265,212 1,240 266,452
Additions 1,580 1,487 3,067
At 30 April 2024 266,792 2,727 269,519
DEPRECIATION
At 1 May 2023 262,623 409 263,032
Charge for year 1,088 858 1,946
At 30 April 2024 263,711 1,267 264,978
NET BOOK VALUE
At 30 April 2024 3,081 1,460 4,541
At 30 April 2023 2,589 831 3,420

6. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Trade debtors 291,797 347,148
Loan to director 94,635 92,553
Related Companies 6,976 -
VAT - 1,226
Deferred tax asset 8,441 8,516
Prepayments 47,500 47,500
449,349 496,943

Amounts falling due after more than one year:
Loan to related companies 171,026 183,026

Aggregate amounts 620,375 679,969

IKONYX LIMITED (REGISTERED NUMBER: 04232607)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 319,713 376,105
Tax 44,348 20,083
VAT 9,978 -
Other creditors 162 584
Loan from related company - 1,272
Accruals and deferred income 92,240 -
Accrued expenses 3,530 3,530
469,971 401,574

8. DEFERRED TAX
£   
Balance at 1 May 2023 (8,516 )
Utilised during year 75
Timing Differences
Balance at 30 April 2024 (8,441 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained
earnings
£   

At 1 May 2023 521,669
Profit for the year 127,671
Dividends (11,625 )
At 30 April 2024 637,715

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
A C Miller
Balance outstanding at start of year 92,553 92,001
Amounts advanced 2,082 1,852
Amounts repaid - (1,300 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 94,635 92,553

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

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £11,625 were paid to the director .

IKONYX LIMITED (REGISTERED NUMBER: 04232607)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

12. RELATED PARTY DISCLOSURES - continued

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. The total amount outstanding at the year end due from related Companies was £178,003 (2023 - £183,026), of which £171,026 is repayable after more than one year.