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Company Registration No. 09030823 (England and Wales)
IKONIC DEVELOPMENTS LIMITED Unaudited accounts for the year ended 31 May 2025
IKONIC DEVELOPMENTS LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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IKONIC DEVELOPMENTS LIMITED Company Information for the year ended 31 May 2025
Director
Gurdip Kumar
Company Number
09030823 (England and Wales)
Registered Office
4 MASON WAY WAINSCOTT ROCHESTER KENT ME3 8GT ENGLAND
Accountants
Saran Accountants & Business Solutions Ltd 4 Mason Way Wainscott Rochester Kent ME3 8GT
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IKONIC DEVELOPMENTS LIMITED Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
15,786
11,054
Current assets
Debtors
5
17,340
59,305
Cash at bank and in hand
147,627
2,596
164,967
61,901
Creditors: amounts falling due within one year
6
(134,912)
(71,107)
Net current assets/(liabilities)
30,055
(9,206)
Total assets less current liabilities
45,841
1,848
Creditors: amounts falling due after more than one year
7
(6,754)
(12,063)
Net assets/(liabilities)
39,087
(10,215)
Capital and reserves
Called up share capital
100
100
Profit and loss account
38,987
(10,315)
Shareholders' funds
39,087
(10,215)
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 February 2026 and were signed on its behalf by
Gurdip Kumar Director Company Registration No. 09030823
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IKONIC DEVELOPMENTS LIMITED Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
IKONIC DEVELOPMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09030823. The registered office is 4 MASON WAY, WAINSCOTT, ROCHESTER, KENT, ME3 8GT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 June 2024
2,500
30,142
4,766
37,408
Additions
9,995
-
-
9,995
At 31 May 2025
12,495
30,142
4,766
47,403
Depreciation
At 1 June 2024
2,197
21,403
2,754
26,354
Charge for the year
2,575
2,185
503
5,263
At 31 May 2025
4,772
23,588
3,257
31,617
Net book value
At 31 May 2025
7,723
6,554
1,509
15,786
At 31 May 2024
303
8,739
2,012
11,054
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IKONIC DEVELOPMENTS LIMITED Notes to the Accounts for the year ended 31 May 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
17,340
-
Trade debtors
-
14,305
Accrued income and prepayments
-
45,000
17,340
59,305
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
9,002
10,460
VAT
-
614
Obligations under finance leases and hire purchase contracts
3,204
1,867
Trade creditors
55,444
2,197
Taxes and social security
14,316
1,083
Other creditors
5,000
5,000
Loans from directors
23,254
46,856
Accruals
24,692
3,030
134,912
71,107
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
1,885
10,422
Obligations under finance leases and hire purchase contracts
4,869
1,641
6,754
12,063
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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