Registered number
07355660
Ionsquared Limited
Unaudited Filleted Accounts
31 July 2024
Ionsquared Limited
Registered number: 07355660
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,124 822
Investments 4 101 101
1,225 923
Current assets
Debtors 5 80,943 49,064
Cash at bank and in hand 19,933 12,483
100,876 61,547
Creditors: amounts falling due within one year 6 (37,711) (36,812)
Net current assets 63,165 24,735
Net assets 64,390 25,658
Capital and reserves
Called up share capital 200 200
Profit and loss account 64,190 25,458
Shareholders' funds 64,390 25,658
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr R Samuel
Director
Approved by the board on 12 May 2025
Ionsquared Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales / value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 1,183
Additions 583
At 31 July 2024 1,766
Depreciation
At 1 August 2023 361
Charge for the year 281
At 31 July 2024 642
Net book value
At 31 July 2024 1,124
At 31 July 2023 822
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 August 2023 101
At 31 July 2024 101
The investment in subsidiaries represent the entire £100 share capital of Tech-I Limited and the £1 share capital of Caservico Limited. Tech-I Limited made a profit of £252 after tax in the year ended 31 July 2024 and at that date had net assets of £1536. Caservico Limited made a profit after tax of £413 in the year ended 31 July 2024 and had net liabilities at that date of £2211.
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 50,189 49,064
Other debtors 30,754 -
80,943 49,064
6 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 4,171 2,882
Taxation and social security costs 32,090 25,329
Other creditors 1,450 8,601
37,711 36,812
7 Other information
Ionsquared Limited is a private company limited by shares and incorporated in England. Its registered office is:
58 Southcote Lane
Reading
RG30 3AD
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