Company registration number 04318164 (England and Wales)
ION DESIGN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ION DESIGN LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ION DESIGN LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,921
6,368
Current assets
Debtors
4
2,978
-
0
Cash at bank and in hand
5,889
11,729
8,867
11,729
Creditors: amounts falling due within one year
5
(9,923)
(10,090)
Net current (liabilities)/assets
(1,056)
1,639
Total assets less current liabilities
2,865
8,007
Provisions for liabilities
(745)
(1,210)
Net assets
2,120
6,797
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
2,119
6,796
Total equity
2,120
6,797

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 21 August 2025
Mr J A Francis
Director
Company registration number 04318164 (England and Wales)
ION DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Ion Design Limited is a private company limited by shares incorporated in England and Wales. The registered office is 20 Canterbury Court, Canterbury Gardens, Farnborough, Hampshire, England, GU14 6TZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% on cost
Computers
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

ION DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 April 2024
5,416
29,207
34,623
Additions
-
0
1,345
1,345
At 31 March 2025
5,416
30,552
35,968
Depreciation and impairment
At 1 April 2024
4,368
23,887
28,255
Depreciation charged in the year
415
3,377
3,792
At 31 March 2025
4,783
27,264
32,047
Carrying amount
At 31 March 2025
633
3,288
3,921
At 31 March 2024
1,048
5,320
6,368
ION DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
2,650
-
0
Other debtors
328
-
0
2,978
-
0
5
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
8,423
7,800
Other creditors
-
0
790
Accruals and deferred income
1,500
1,500
9,923
10,090
2025-03-312024-04-01falsefalsefalse21 August 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr J A Francis043181642024-04-012025-03-31043181642025-03-31043181642024-03-3104318164core:FurnitureFittings2025-03-3104318164core:ComputerEquipment2025-03-3104318164core:FurnitureFittings2024-03-3104318164core:ComputerEquipment2024-03-3104318164core:CurrentFinancialInstrumentscore:WithinOneYear2025-03-3104318164core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3104318164core:ShareCapital2025-03-3104318164core:ShareCapital2024-03-3104318164core:RetainedEarningsAccumulatedLosses2025-03-3104318164core:RetainedEarningsAccumulatedLosses2024-03-3104318164bus:Director12024-04-012025-03-3104318164core:FurnitureFittings2024-04-012025-03-3104318164core:ComputerEquipment2024-04-012025-03-31043181642023-04-012024-03-3104318164core:FurnitureFittings2024-03-3104318164core:ComputerEquipment2024-03-31043181642024-03-3104318164core:CurrentFinancialInstruments2025-03-3104318164core:CurrentFinancialInstruments2024-03-3104318164core:WithinOneYear2025-03-3104318164core:WithinOneYear2024-03-3104318164bus:PrivateLimitedCompanyLtd2024-04-012025-03-3104318164bus:SmallCompaniesRegimeForAccounts2024-04-012025-03-3104318164bus:FRS1022024-04-012025-03-3104318164bus:AuditExemptWithAccountantsReport2024-04-012025-03-3104318164bus:FullAccounts2024-04-012025-03-31xbrli:purexbrli:sharesiso4217:GBP