IRIS Accounts Production v24.3.2.46 03364462 Board of Directors Board of Directors Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false Ordinary 1.00000 A Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033644622023-06-30033644622024-06-30033644622023-07-012024-06-30033644622022-06-30033644622022-07-012023-06-30033644622023-06-3003364462ns15:EnglandWales2023-07-012024-06-3003364462ns14:PoundSterling2023-07-012024-06-3003364462ns10:Director12023-07-012024-06-3003364462ns10:Director22023-07-012024-06-3003364462ns10:Director32023-07-012024-06-3003364462ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3003364462ns10:SmallEntities2023-07-012024-06-3003364462ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3003364462ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3003364462ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3003364462ns10:FullAccounts2023-07-012024-06-3003364462ns10:OrdinaryShareClass12023-07-012024-06-3003364462ns10:OrdinaryShareClass22023-07-012024-06-3003364462ns10:CompanySecretary12023-07-012024-06-3003364462ns10:RegisteredOffice2023-07-012024-06-3003364462ns5:CurrentFinancialInstruments2024-06-3003364462ns5:CurrentFinancialInstruments2023-06-3003364462ns5:ShareCapital2024-06-3003364462ns5:ShareCapital2023-06-3003364462ns5:CapitalRedemptionReserve2024-06-3003364462ns5:CapitalRedemptionReserve2023-06-3003364462ns5:RetainedEarningsAccumulatedLosses2024-06-3003364462ns5:RetainedEarningsAccumulatedLosses2023-06-3003364462ns5:LongLeaseholdAssetsns5:LandBuildings2023-07-012024-06-3003364462ns5:PlantMachinery2023-07-012024-06-3003364462ns5:LongLeaseholdAssetsns5:LandBuildings2023-06-3003364462ns5:PlantMachinery2023-06-3003364462ns5:LongLeaseholdAssetsns5:LandBuildings2024-06-3003364462ns5:PlantMachinery2024-06-3003364462ns5:LongLeaseholdAssetsns5:LandBuildings2023-06-3003364462ns5:PlantMachinery2023-06-3003364462ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3003364462ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3003364462ns5:WithinOneYear2024-06-3003364462ns5:WithinOneYear2023-06-3003364462ns5:BetweenOneFiveYears2024-06-3003364462ns5:BetweenOneFiveYears2023-06-3003364462ns5:AllPeriods2024-06-3003364462ns5:AllPeriods2023-06-3003364462ns10:OrdinaryShareClass12024-06-3003364462ns10:OrdinaryShareClass22024-06-30
REGISTERED NUMBER: 03364462 (England and Wales)






Ikon Design Limited

Financial Statements

for the Year Ended 30 June 2024






Ikon Design Limited (Registered number: 03364462)

Contents of the Financial Statements
for the year ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ikon Design Limited

Company Information
for the year ended 30 June 2024







DIRECTORS: Mr I K O'Brien
Mrs J L O'Brien
Miss N J McVennon





SECRETARY: Mr I K O'Brien





REGISTERED OFFICE: 5 Appleton Court
Calder Park
Wakefield
West Yorkshire
WF2 7AR





REGISTERED NUMBER: 03364462 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

Ikon Design Limited (Registered number: 03364462)

Balance Sheet
30 June 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 23,964 10,019

CURRENT ASSETS
Debtors 5 189,361 105,131
Cash at bank and in hand 202,843 224,123
392,204 329,254
CREDITORS
Amounts falling due within one year 6 283,544 265,629
NET CURRENT ASSETS 108,660 63,625
TOTAL ASSETS LESS CURRENT
LIABILITIES

132,624

73,644

PROVISIONS FOR LIABILITIES 5,991 2,505
NET ASSETS 126,633 71,139

Ikon Design Limited (Registered number: 03364462)

Balance Sheet - continued
30 June 2024

2024 2023
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 8 1,500 1,500
Capital redemption reserve 1,000 1,000
Retained earnings 124,133 68,639
SHAREHOLDERS' FUNDS 126,633 71,139

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 24 March 2025 and were signed on its behalf by:




Mr I K O'Brien - Director Mrs J L O'Brien - Director




Miss N J McVennon - Director


Ikon Design Limited (Registered number: 03364462)

Notes to the Financial Statements
for the year ended 30 June 2024


1. STATUTORY INFORMATION

Ikon Design 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.

The company's functional and presentation currency is the pound sterling £. All financial information presented has been rounded to the nearest £, unless otherwise stated.

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 represents net invoiced sales of goods and services, excluding value added tax except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property legal fees - 10% on cost
Plant and machinery etc - 20% on cost

Tangible fixed assets are initially recorded at cost.

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.

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.

Ikon Design Limited (Registered number: 03364462)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Leasehold Plant and
property machinery
legal fees etc Totals
£ £ £
COST
At 1 July 2023 2,297 161,064 163,361
Additions - 24,315 24,315
Disposals - (106,003 ) (106,003 )
At 30 June 2024 2,297 79,376 81,673
DEPRECIATION
At 1 July 2023 2,297 151,045 153,342
Charge for year - 10,277 10,277
Eliminated on disposal - (105,910 ) (105,910 )
At 30 June 2024 2,297 55,412 57,709
NET BOOK VALUE
At 30 June 2024 - 23,964 23,964
At 30 June 2023 - 10,019 10,019

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 172,940 88,911
Amounts recoverable on contract 3,475 4,480
Prepayments and accrued income 12,946 11,740
189,361 105,131

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 26,874 12,672
Tax 70,914 47,292
Social security and other taxes 2,363 2,556
VAT 24,393 23,282
Directors' current accounts 148,715 172,000
Accruals and deferred income 10,285 7,827
283,544 265,629

Ikon Design Limited (Registered number: 03364462)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 13,040 25,040
Between one and five years 780 13,820
13,820 38,860

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1,125 Ordinary £1 1,125 1,125
375 A Ordinary £1 375 375
1,500 1,500