REGISTERED NUMBER: 11632359 (England and Wales)

IONA CIVIL ENGINEERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 OCTOBER 2024

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Chartered accountants' report

7

DIRECTOR:

M A Michels

REGISTERED OFFICE:

Lygon House

50 London Road

Bromley

Kent

BR1 3RA

REGISTERED NUMBER:

11632359 (England and Wales)

ACCOUNTANTS:

Berringers LLP

Chartered Accountants

Lygon House

50 London Road

Bromley

Kent

BR1 3RA

FIXED ASSETS

Tangible assets

4

445,798

348,109

CURRENT ASSETS

Debtors

5

252,195

230,683

Cash at bank

71,437

162,732

323,632

393,415

CREDITORS

Amounts falling due within one year

6

163,175

141,266

NET CURRENT ASSETS

160,457

252,149

TOTAL ASSETS LESS CURRENT LIABILITIES

606,255

600,258

CREDITORS

Amounts falling due after more than one year

7

(143,773

)

(60,468

)

PROVISIONS FOR LIABILITIES

(94,295

)

(66,141

)

NET ASSETS

368,187

473,649

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

368,087

473,549

368,187

473,649

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

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

The director acknowledges his 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 July 2025 and were signed by:

M A Michels - Director

1.	STATUTORY INFORMATION

Iona Civil Engineers 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 etc

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 November 2023

21,201

617,684

638,885

Additions

2,640

251,742

254,382

Disposals

-

(66,540

)

(66,540

)

At 31 October 2024

23,841

802,886

826,727

DEPRECIATION

At 1 November 2023

11,203

279,573

290,776

Charge for year

2,528

108,922

111,450

Eliminated on disposal

-

(21,297

)

(21,297

)

At 31 October 2024

13,731

367,198

380,929

NET BOOK VALUE

At 31 October 2024

10,110

435,688

445,798

At 31 October 2023

9,998

338,111

348,109

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

45,894

37,404

Other debtors

206,301

193,279

252,195

230,683

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

14,939

Hire purchase contracts

66,073

29,049

Trade creditors

11,803

13,892

Taxation and social security

43,292

48,125

Other creditors

32,007

35,261

163,175

141,266

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

6,730

45,220

Hire purchase contracts

137,043

15,248

143,773

60,468

8.	RELATED PARTY DISCLOSURES

The director has taken a loan from the company for £112,083 to be repaid in three years and beneficial loan interest is being charged.

At the balance sheet date, the director also owed the company £50,136 on his current account (2023: £672 owed to the director by the company). This was repaid within nine months of the year end.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Iona Civil Engineers Limited for the year ended 31 October 2024 which comprise the Statement of income and retained earnings, Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Iona Civil Engineers Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Iona Civil Engineers Limited and state those matters that we have agreed to state to the director of Iona Civil Engineers Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Iona Civil Engineers Limited and its director for our work or for this report.

It is your duty to ensure that Iona Civil Engineers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Iona Civil Engineers Limited. You consider that Iona Civil Engineers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Iona Civil Engineers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Berringers LLP

Chartered Accountants

Lygon House

50 London Road

Bromley

Kent

BR1 3RA

23 July 2025