Logician Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03227651 (England and Wales)

Abbreviated Accounts for the Year Ended 31 July 2014

for

Logician Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P L Hutchins

Mrs J M Hutchins

SECRETARY:

Mrs S Hutchins

REGISTERED OFFICE:

The Stables

Chestnut Farm

Cuxham

Watlington

Oxfordshire

OX49 5ND

REGISTERED NUMBER:

03227651 (England and Wales)

ACCOUNTANTS:

N R Bennett Ltd

The Stables

Chestnut Farm

Cuxham

Watlington

Oxfordshire

OX49 5ND

FIXED ASSETS

Intangible assets

2

-

388

Tangible assets

3

1,871

1,591

1,871

1,979

CURRENT ASSETS

Stocks

1,325

2,050

Debtors

6,888

9,169

Cash at bank

11,156

775

19,369

11,994

CREDITORS

Amounts falling due within one year

21,218

13,905

NET CURRENT LIABILITIES

(1,849

)

(1,911

)

TOTAL ASSETS LESS CURRENT LIABILITIES

22

68

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

21

67

SHAREHOLDERS' FUNDS

22

68

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 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.

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 23 April 2015 and were signed on its behalf by:

P L Hutchins - Director

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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

and 31 July 2014

3,880

AMORTISATION

At 1 August 2013

3,492

Amortisation for year

388

At 31 July 2014

3,880

NET BOOK VALUE

At 31 July 2014

-

At 31 July 2013

388

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

10,854

Additions

849

At 31 July 2014

11,703

DEPRECIATION

At 1 August 2013

9,263

Charge for year

569

At 31 July 2014

9,832

NET BOOK VALUE

At 31 July 2014

1,871

At 31 July 2013

1,591

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.7.13

value:

£

£

1

Ordinary

£1

1

1