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REGISTERED NUMBER: 02254117 (England and Wales)















Abbreviated Accounts for the Year Ended 31 December 2015

for

IONIC ENGINEERING LIMITED

IONIC ENGINEERING LIMITED (REGISTERED NUMBER: 02254117)






Contents of the Abbreviated Accounts
FOR THE YEAR ENDED 31 DECEMBER 2015




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

IONIC ENGINEERING LIMITED (REGISTERED NUMBER: 02254117)

Abbreviated Balance Sheet
31 DECEMBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,114,024 975,777

CURRENT ASSETS
Stocks 21,437 19,937
Debtors 610,605 430,496
Cash at bank and in hand 345,917 301,486
977,959 751,919
CREDITORS
Amounts falling due within one
year

3

348,324

462,098
NET CURRENT ASSETS 629,635 289,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,743,659

1,265,598

CREDITORS
Amounts falling due after more
than one year

3

(615,422

)

(351,492

)

PROVISIONS FOR LIABILITIES (82,744 ) (72,514 )
NET ASSETS 1,045,493 841,592

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 1,045,393 841,492
SHAREHOLDERS' FUNDS 1,045,493 841,592

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

IONIC ENGINEERING LIMITED (REGISTERED NUMBER: 02254117)

Abbreviated Balance Sheet - continued
31 DECEMBER 2015


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 28 September 2016 and
were signed on its behalf by:





I Fitzwater - Director


IONIC ENGINEERING LIMITED (REGISTERED NUMBER: 02254117)

Notes to the Abbreviated Accounts
FOR THE YEAR ENDED 31 DECEMBER 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in
accordance with the Financial Reporting Standard for Smaller Entities (effective January
2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property - 5% on reducing balance
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due
allowance for obsolete and slow moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but
not reversed at the balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of
exchange ruling at the balance sheet date. Transactions in foreign currencies are
translated into sterling at the rate of exchange ruling at the date of transaction.
Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the
balance sheet. Those held under hire purchase contracts are depreciated over their
estimated useful lives. Those held under finance leases are depreciated over their
estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over
the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a
straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to
the company's pension scheme are charged to the profit and loss account in the period
to which they relate.

IONIC ENGINEERING LIMITED (REGISTERED NUMBER: 02254117)

Notes to the Abbreviated Accounts - continued
FOR THE YEAR ENDED 31 DECEMBER 2015

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 2,073,703
Additions 322,113
At 31 December 2015 2,395,816
DEPRECIATION
At 1 January 2015 1,097,926
Charge for year 183,866
At 31 December 2015 1,281,792
NET BOOK VALUE
At 31 December 2015 1,114,024
At 31 December 2014 975,777

3. CREDITORS

Creditors include an amount of £ 749,092 (2014 - £ 458,865 ) for which security has
been given.

They also include the following debts falling due in more than five years:

2015 2014
£    £   
Repayable by instalments - 22,725

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary 1 100 100