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REGISTERED NUMBER: 02254117 (England and Wales)















Financial Statements for the Year Ended 31 December 2016

for

IONIC ENGINEERING LIMITED

IONIC ENGINEERING LIMITED (REGISTERED NUMBER: 02254117)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2016




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


IONIC ENGINEERING LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTORS: I Fitzwater
J Lane





SECRETARY: J Lane





REGISTERED OFFICE: 5 Gosforth Close
Middlefield Industrial Estate
Sandy
Bedfordshire
SG19 1RB





REGISTERED NUMBER: 02254117 (England and Wales)





ACCOUNTANTS: Liric Chartered Accountants
Wyndmere House
Ashwell Road
Steeple Morden
Hertfordshire
SG8 0NZ

IONIC ENGINEERING LIMITED (REGISTERED NUMBER: 02254117)

Abridged Balance Sheet
31 DECEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,181,592 1,114,024

CURRENT ASSETS
Stocks 25,340 21,437
Debtors 758,531 610,605
Cash at bank and in hand 343,076 345,917
1,126,947 977,959
CREDITORS
Amounts falling due within one
year

410,144

348,324
NET CURRENT ASSETS 716,803 629,635
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,898,395

1,743,659

CREDITORS
Amounts falling due after more
than one year

(624,913

)

(615,422

)

PROVISIONS FOR LIABILITIES (89,681 ) (82,744 )
NET ASSETS 1,183,801 1,045,493

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,183,701 1,045,393
SHAREHOLDERS' FUNDS 1,183,801 1,045,493

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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)

Abridged Balance Sheet - continued
31 DECEMBER 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 September 2017 and
were signed on its behalf by:





I Fitzwater - Director


IONIC ENGINEERING LIMITED (REGISTERED NUMBER: 02254117)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2016

1. STATUTORY INFORMATION

Ionic Engineering Limited is a private company, limited by shares , registered in England
and Wales. The company's registered number and registered office address can be found
on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable,
excluding discounts, rebates, value added tax and other sales taxes.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the
Income Statement, except to the extent that it relates to items recognised in other
comprehensive income or directly in equity.

Current or deferred 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.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in
periods different from those in which they are recognised in financial statements.
Deferred tax is measured using tax rates and laws that have been enacted or
substantively enacted by the year end and that are expected to apply to the reversal of
the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent
that it is probable that they will be recovered against the reversal of deferred tax
liabilities or other future taxable profits.

IONIC ENGINEERING LIMITED (REGISTERED NUMBER: 02254117)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

2. ACCOUNTING POLICIES - continued

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 profit or loss over the relevant
period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they
relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2016 2,395,816
Additions 277,845
At 31 December 2016 2,673,661
DEPRECIATION
At 1 January 2016 1,281,792
Charge for year 210,277
At 31 December 2016 1,492,069
NET BOOK VALUE
At 31 December 2016 1,181,592
At 31 December 2015 1,114,024

IONIC ENGINEERING LIMITED (REGISTERED NUMBER: 02254117)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as
follows:

Totals
£   
COST
At 1 January 2016 896,858
Additions 276,200
At 31 December 2016 1,173,058
DEPRECIATION
At 1 January 2016 458,379
Charge for year 178,670
At 31 December 2016 637,049
NET BOOK VALUE
At 31 December 2016 536,009
At 31 December 2015 438,479

5. SECURED DEBTS

The following secured debts are included within creditors:

2016 2015
£    £   
Bank loans 215,384 272,498
Hire purchase contracts 577,140 476,594
792,524 749,092

The bank loans are secured by a legal charge over the freehold property at Gosforth
Place, Sandy, and Venture Court, Sandy.

Hire purchase contracts are secured on the individual assets.

6. FIRST YEAR ADOPTION

The Company has transitioned to FRS 102 from previously being prepared under the
historical cost convention and in accordance with the Financial Reporting Standards for
Smaller Entities (effective from 1st January 2015) as at 1st January 2015.