Ikonic-UK Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 10190184

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	28,358		-
Debtors	5	201		2,223
Cash at bank and in hand		1,106		674

		29,665		2,897
Creditors: Amounts Falling Due Within One Year	6	(40,995 )		(5,176 )

NET CURRENT ASSETS (LIABILITIES)			(11,330 )		(2,279 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(11,330 )		(2,279 )

Creditors: Amounts Falling Due After More Than One Year	7		(3,075 )		(6,518 )

NET LIABILITIES			(14,405 )		(8,797 )

CAPITAL AND RESERVES
Called up share capital			2		2
Profit and Loss Account			(14,407 )		(8,799 )

SHAREHOLDERS' FUNDS			(14,405)		(8,797)

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

C P Cooke

Director

30/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Ikonic-UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10190184 . The registered office is 123 Hallgate, Cottingham, East Riding Of Yorkshire, HU16 4DA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The company continues to have the financial support of it's directors and shareholders and so these accounts are prepared on a going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Stocks

	2025	2024
	£	£
Stock	28,358	-

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	201	2,223

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Ikonic-UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	97	-
Bank loans and overdrafts	2,225	3,946
Accruals and deferred income	696	1,230
Directors' loan accounts	37,977	-

	40,995	5,176

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	3,075	6,518

8. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 June 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 May 2025
	£	£	£	£	£
Mr Christopher Cooke	1,064	-	1,064	-	-
Mr Christian Whitaker-Cooke	1,065	-	1,065	-	-

The above loan is unsecured, interest free and repayable on demand.

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