Company registration number 12397108 (England and Wales)
Ikonic Training Academy Ltd
Unaudited Financial Statements
For the year ended 31 January 2026
Ikonic Training Academy Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Ikonic Training Academy Ltd
Statement of financial position
As at 31 January 2026
- 1 -
2026
2025
Notes
£
£
£
£
Current assets
Debtors
3
63,173
61,190
Cash at bank and in hand
631
774
63,804
61,964
Creditors: amounts falling due within one year
4
(13,077)
(12,400)
Net current assets
50,727
49,564
Creditors: amounts falling due after more than one year
5
(25,570)
(29,540)
Net assets
25,157
20,024
Capital and reserves
Called up share capital
80
80
Profit and loss reserves
25,077
19,944
Total equity
25,157
20,024
For the financial year ended 31 January 2026 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 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 income statement within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 30 October 2026
Mr D J Goodfellow
Director
Company registration number 12397108 (England and Wales)
Ikonic Training Academy Ltd
Notes to the financial statements
For the year ended 31 January 2026
- 2 -
1
Accounting policies
Company information
Ikonic Training Academy Ltd is a private company limited by shares incorporated in England and Wales. The registered office is , Chester House, Lloyd Drive, Ellesmere Port, United Kingdom, CH65 9HQ.
1.1
Basis of preparation
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
Revenue
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.3
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
Taxation for the year comprises current 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 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.
1.4
Leases
As lessee
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
Ikonic Training Academy Ltd
Notes to the financial statements (continued)
For the year ended 31 January 2026
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2026
2025
Number
Number
Total
1
1
3
Debtors
2026
2025
Amounts falling due within one year:
£
£
Other debtors
63,173
61,190
4
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
5,000
5,000
Corporation tax
1,186
Other creditors
6,891
7,400
13,077
12,400
5
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
25,570
29,540