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REGISTERED NUMBER: 02254117 (England and Wales)















ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2012

FOR

IONIC ENGINEERING LIMITED

IONIC ENGINEERING LIMITED (REGISTERED NUMBER: 02254117)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2012




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

IONIC ENGINEERING LIMITED (REGISTERED NUMBER: 02254117)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2012

2012 2011
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 812,130 826,841

CURRENT ASSETS
Stocks 22,350 21,673
Debtors 3 361,541 424,071
Cash at bank and in hand 97,281 85,503
481,172 531,247
CREDITORS
Amounts falling due within one year 4 286,426 309,835
NET CURRENT ASSETS 194,746 221,412
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,006,876

1,048,253

CREDITORS
Amounts falling due after more than one
year

4

(395,628
)
(466,146
)

PROVISIONS FOR LIABILITIES (25,687 ) (35,511 )
NET ASSETS 585,561 546,596

CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and loss account 585,461 546,496
SHAREHOLDERS' FUNDS 585,561 546,596

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2012.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2012 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 2012


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 15 August 2013 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 2012

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 April 2008).

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 2012

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2012 1,654,890
Additions 92,302
At 31 December 2012 1,747,192
DEPRECIATION
At 1 January 2012 828,049
Charge for year 107,013
At 31 December 2012 935,062
NET BOOK VALUE
At 31 December 2012 812,130
At 31 December 2011 826,841

3. DEBTORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 25,500 (2011 - £ 25,500 )

4. CREDITORS

Creditors include an amount of £ 524,566 (2011 - £ 586,805 ) for which security has been given.

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

2012 2011
£    £   
Repayable by instalments 93,800 146,591

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2012 2011
value: £    £   
100 Ordinary 1 100 100