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Company Registration No. 09030823 (England and Wales)
IKONIC DEVELOPMENTS LIMITED Unaudited accounts for the year ended 31 May 2024
IKONIC DEVELOPMENTS LIMITED Unaudited accounts Contents
Page
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IKONIC DEVELOPMENTS LIMITED Company Information for the year ended 31 May 2024
Director
Gurdip Kumar
Company Number
09030823 (England and Wales)
Registered Office
4 MASON WAY WAINSCOTT ROCHESTER KENT ME3 8GT ENGLAND
Accountants
Saran Accountants & Business Solutions Ltd 4 Mason Way Wainscott Rochester Kent ME3 8GT
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IKONIC DEVELOPMENTS LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,054 
14,740 
Current assets
Debtors
59,305 
42,510 
Cash at bank and in hand
2,596 
63,432 
61,901 
105,942 
Creditors: amounts falling due within one year
(71,107)
(113,428)
Net current liabilities
(9,206)
(7,486)
Total assets less current liabilities
1,848 
7,254 
Creditors: amounts falling due after more than one year
(12,063)
(23,431)
Net liabilities
(10,215)
(16,177)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(10,315)
(16,277)
Shareholders' funds
(10,215)
(16,177)
For the year ending 31 May 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 26 February 2025 and were signed on its behalf by
Gurdip Kumar Director Company Registration No. 09030823
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IKONIC DEVELOPMENTS LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
IKONIC DEVELOPMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09030823. The registered office is 4 MASON WAY, WAINSCOTT, ROCHESTER, KENT, ME3 8GT, ENGLAND.
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 as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
2,500 
30,142 
4,766 
37,408 
At 31 May 2024
2,500 
30,142 
4,766 
37,408 
Depreciation
At 1 June 2023
2,095 
18,490 
2,083 
22,668 
Charge for the year
102 
2,913 
671 
3,686 
At 31 May 2024
2,197 
21,403 
2,754 
26,354 
Net book value
At 31 May 2024
303 
8,739 
2,012 
11,054 
At 31 May 2023
405 
11,652 
2,683 
14,740 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,305 
42,510 
Accrued income and prepayments
45,000 
- 
59,305 
42,510 
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IKONIC DEVELOPMENTS LIMITED Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,460 
10,734 
VAT
614 
11,111 
Obligations under finance leases and hire purchase contracts
1,867 
1,867 
Trade creditors
2,197 
30,704 
Taxes and social security
1,083 
1,675 
Other creditors
5,000 
5,000 
Loans from directors
46,856 
49,537 
Accruals
3,030 
2,800 
71,107 
113,428 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,422 
20,151 
Obligations under finance leases and hire purchase contracts
1,641 
3,280 
12,063 
23,431 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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