Registration number: 02502463

ION Enterprises Limited

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 9

ION Enterprises Limited

Company Information

Director

Mr J Gur

Registered office

4 Cedar Park Cobham Road Ferndown Industrial Estate Wimborne Dorset BH21 7SF

Accountants

Ward Goodman Accountancy Services Ltd Chartered Certified Accountants4 Cedar Park Cobham Road Ferndown Industrial Estate Wimborne Dorset BH21 7SF

ION Enterprises Limited

(Registration number: 02502463)
Abridged Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	8,809	11,043
Tangible assets	5	1,471	1,254
		10,280	12,297
Current assets
Stocks		85,210	89,184
Debtors		218,474	246,250
Cash at bank and in hand		26,530	15,359
		330,214	350,793
Prepayments and accrued income		1,913	3,656
Creditors: Amounts falling due within one year		(110,894)	(65,111)
Net current assets		221,233	289,338
Total assets less current liabilities		231,513	301,635
Creditors: Amounts falling due after more than one year		(21,845)	(27,131)
Net assets		209,668	274,504
Capital and reserves
Called up share capital		100	100
Retained earnings		209,568	274,404
Shareholders' funds		209,668	274,504

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 May 2026
 

ION Enterprises Limited

(Registration number: 02502463)
Abridged Balance Sheet as at 30 September 2025

......................................... Mr J Gur Director

ION Enterprises Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF
United Kingdom

These financial statements were authorised for issue by the director on 14 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Revenue recognition

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.

ION Enterprises Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

Government grants

Grant income is recognised in the profit and loss account for the initial twelve month interest free period of the Bounce Back Loan with an equal and corresponding finance charge recognised in expenses in the profit and loss account.

A similar treatment will apply for any further interest free periods taken up by the company during the term of the loan. The annual rate of interest on the Bounce Back Loan is calculated according to the chancellor's pledge to fix this at 2.5%. The loan will be subsequently recorded at amortised cost using the annual rate of interest of 2.5%. This has been adopted on the basis the loan is considered a commercial business loan and therefore 2.5% annual interest is effectively the market rate of interest.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer Equipment	25% reducing balance

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Trademarks are being amortised evenly over their estimated useful life of eleven years.

ION Enterprises Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

Development costs

Research and development expenditure is written off as incurred.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

ION Enterprises Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

4	Intangible assets

	Total £
Cost or valuation
At 1 October 2024	26,046
Additions acquired separately	120
At 30 September 2025	26,166
Amortisation
At 1 October 2024	15,003
Amortisation charge	2,354
At 30 September 2025	17,357
Carrying amount
At 30 September 2025	8,809
At 30 September 2024	11,043

5	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 October 2024	3,254	3,254
Additions	566	566
At 30 September 2025	3,820	3,820
Depreciation
At 1 October 2024	2,000	2,000
Charge for the year	349	349
At 30 September 2025	2,349	2,349
Carrying amount
At 30 September 2025	1,471	1,471
At 30 September 2024	1,254	1,254

ION Enterprises Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

6	Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are financial commitments of £27,330 (2024 - £32,615). At 30 September 2025, the company had an outstanding loan of £27,330 (2024 - £32,615) taken out under the government bounce back loan scheme.

There were no other financial commitments, contingencies or guarantees made on behalf of the director.

7	Related party transactions

All transactions conducted between the company and the company's parent company, "Ion Enterprises Group Inc" during the financial year were conducted under normal market conditions. At the financial year end, the company was owed £166,623 (2024 - £210,613) from the company's parent company.

ION Enterprises Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

8	Off-balance sheet arrangements

There were no off-balance sheet arrangements at the financial year end.

Ultimate Controlling Party

The company is controlled by Ion Enterprises Group Inc, a company registered in Canada, by virtue of its ownership of 100% of the ordinary share capital. Ion Enterprises Group Inc purchased the shares in the company from the former parent, Ion Enterprises Inc on 1 April 2024.