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REGISTERED NUMBER: 05798376 (England and Wales)


















Ion Engineering Limited

Unaudited Financial Statements

for the Period 1 May 2023 to 31 October 2024






Ion Engineering Limited (Registered number: 05798376)






Contents of the Financial Statements
for the Period 1 May 2023 to 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ion Engineering Limited

Company Information
for the Period 1 May 2023 to 31 October 2024







DIRECTOR: Mr A D Stevens





SECRETARY: Mrs F Jacques-Stevens





REGISTERED OFFICE: Delta 606
Delta Office Park
Welton Road
Swindon
Wiltshire
SN5 7XF





REGISTERED NUMBER: 05798376 (England and Wales)





ACCOUNTANTS: AMS Accountancy Limited
Delta 606
Welton Road
Delta Office Park
Swindon
Wiltshire
SN5 7XF

Ion Engineering Limited (Registered number: 05798376)

Balance Sheet
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 120,281 49,033

CURRENT ASSETS
Debtors 5 57,533 13,051
Cash at bank 80,844 2,520
138,377 15,571
CREDITORS
Amounts falling due within one year 6 (137,714 ) (28,737 )
NET CURRENT ASSETS/(LIABILITIES) 663 (13,166 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,944

35,867

CREDITORS
Amounts falling due after more than one year 7 (9,167 ) (24,167 )
NET ASSETS 111,777 11,700

CAPITAL AND RESERVES
Called up share capital 9 100 3
Retained earnings 111,677 11,697
SHAREHOLDERS' FUNDS 111,777 11,700

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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.

Ion Engineering Limited (Registered number: 05798376)

Balance Sheet - continued
31 October 2024


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 January 2025 and were signed by:





Mr A D Stevens - Director


Ion Engineering Limited (Registered number: 05798376)

Notes to the Financial Statements
for the Period 1 May 2023 to 31 October 2024

1. STATUTORY INFORMATION

Ion Engineering 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.

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 - 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the period 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.

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 period was 3 (2023 - 3 ) .

Ion Engineering Limited (Registered number: 05798376)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 October 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 91,217 585 16,995 499 109,296
Additions 149,570 - - 933 150,503
Disposals (91,217 ) (585 ) (16,995 ) (499 ) (109,296 )
At 31 October 2024 149,570 - - 933 150,503
DEPRECIATION
At 1 May 2023 56,272 263 3,399 329 60,263
Charge for period 29,914 - - 308 30,222
Eliminated on disposal (56,272 ) (263 ) (3,399 ) (329 ) (60,263 )
At 31 October 2024 29,914 - - 308 30,222
NET BOOK VALUE
At 31 October 2024 119,656 - - 625 120,281
At 30 April 2023 34,945 322 13,596 170 49,033

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,800
Other debtors 57,533 11,251
57,533 13,051

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 10,000 10,000
Trade creditors 196 -
Taxation and social security 43,879 10,333
Other creditors 83,639 8,404
137,714 28,737

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 9,167 24,167

Ion Engineering Limited (Registered number: 05798376)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 October 2024

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,167 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years - 14,167

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 3
(2023 - 3 )

97 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 October 2024 and the year ended 30 April 2023:

2024 2023
£    £   
Mr A D Stevens
Balance outstanding at start of period - 1,606
Amounts advanced 16,663 -
Amounts repaid - (1,606 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 16,663 -

11. RELATED PARTY DISCLOSURES

During the accounting period, Ion Engineering Ltd has received a loan of £80,000, which is included within Other Creditors. There will be no interest charged and it is to be repaid within a maximum of 3 years.