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REGISTERED NUMBER: 05920418 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

ION ACOUSTICS LIMITED

ION ACOUSTICS LIMITED (REGISTERED NUMBER: 05920418)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ION ACOUSTICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: G N Irvine
D A O'Neill





SECRETARY: G N Irvine





REGISTERED OFFICE: Georges House
9-10 Bath Street
Bristol
BS1 6HL





REGISTERED NUMBER: 05920418 (England and Wales)





ACCOUNTANTS: Lawes & Co
Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU

ION ACOUSTICS LIMITED (REGISTERED NUMBER: 05920418)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,206 17,289

CURRENT ASSETS
Stocks 20,667 30,096
Debtors 5 134,663 133,183
Cash at bank 48,151 80,330
203,481 243,609
CREDITORS
Amounts falling due within one year 6 64,482 65,047
NET CURRENT ASSETS 138,999 178,562
TOTAL ASSETS LESS CURRENT
LIABILITIES

154,205

195,851

PROVISIONS FOR LIABILITIES 3,801 4,322
NET ASSETS 150,404 191,529

CAPITAL AND RESERVES
Called up share capital 7 200 200
Retained earnings 150,204 191,329
SHAREHOLDERS' FUNDS 150,404 191,529

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 ACOUSTICS LIMITED (REGISTERED NUMBER: 05920418)

BALANCE SHEET - continued
31 AUGUST 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2025 and were signed on its behalf by:




D A O'Neill - Director



G N Irvine - Director


ION ACOUSTICS LIMITED (REGISTERED NUMBER: 05920418)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Ion Acoustics 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


ION ACOUSTICS LIMITED (REGISTERED NUMBER: 05920418)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued
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.

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.

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 84,949 2,331 8,533 21,784 117,597
Additions 688 1,519 - - 2,207
At 31 August 2024 85,637 3,850 8,533 21,784 119,804
DEPRECIATION
At 1 September 2023 76,104 1,793 6,408 16,003 100,308
Charge for year 2,444 115 531 1,200 4,290
At 31 August 2024 78,548 1,908 6,939 17,203 104,598
NET BOOK VALUE
At 31 August 2024 7,089 1,942 1,594 4,581 15,206
At 31 August 2023 8,845 538 2,125 5,781 17,289

ION ACOUSTICS LIMITED (REGISTERED NUMBER: 05920418)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 130,232 127,910
Prepayments and accrued income 4,431 5,273
134,663 133,183

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 16,384 3,835
Tax 30,750 41,898
Social security and other taxes 2,535 2,662
VAT 9,810 12,955
Other creditors 603 1,097
Accrued expenses 4,400 2,600
64,482 65,047

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
140 Ordinary A £1 140 140
60 Ordinary B £1 60 60
200 200