Logiska Limited - Accounts

Logiska Limited - Accounts

LOGISKA LIMITED - Company Information

Print Friendly Version

2019-11-01 2020-10-31 false No description of principal activity Capium Accounts Production 1.1 08748361 bus:FullAccounts 2019-11-01 2020-10-31 08748361 bus:FRS102 2019-11-01 2020-10-31 08748361 bus:AuditExemptWithAccountantsReport 2019-11-01 2020-10-31 08748361 bus:SmallCompaniesRegimeForAccounts 2019-11-01 2020-10-31 08748361 bus:PrivateLimitedCompanyLtd 2019-11-01 2020-10-31 08748361 2019-11-01 2020-10-31 08748361 2020-10-31 08748361 bus:RegisteredOffice 2019-11-01 2020-10-31 08748361 core:WithinOneYear 2020-10-31 08748361 core:AfterOneYear 2020-10-31 08748361 bus:Director1 2019-11-01 2020-10-31 08748361 bus:Director1 2020-10-31 08748361 bus:Director1 2018-11-01 2019-10-31 08748361 2018-11-01 08748361 bus:CompanySecretary1 2019-11-01 2020-10-31 08748361 bus:LeadAgentIfApplicable 2019-11-01 2020-10-31 08748361 2018-11-01 2019-10-31 08748361 2019-10-31 08748361 core:WithinOneYear 2019-10-31 08748361 core:AfterOneYear 2019-10-31 08748361 bus:EntityAccountantsOrAuditors 2018-11-01 2019-10-31 08748361 bus:OrdinaryShareClass1 2019-11-01 2020-10-31 08748361 bus:OrdinaryShareClass1 2020-10-31 08748361 bus:OrdinaryShareClass1 2018-11-01 2019-10-31 08748361 bus:OrdinaryShareClass1 2019-10-31 08748361 core:MotorCars 2019-11-01 2020-10-31 08748361 core:MotorCars 2020-10-31 08748361 core:MotorCars 2019-10-31 08748361 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2020-10-31 08748361 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2019-10-31 08748361 core:CostValuation core:Non-currentFinancialInstruments 2020-10-31 08748361 core:CostValuation core:Non-currentFinancialInstruments 2019-10-31 08748361 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2020-10-31 08748361 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2020-10-31 08748361 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2020-10-31 08748361 core:Non-currentFinancialInstruments 2020-10-31 08748361 core:Non-currentFinancialInstruments 2019-10-31 08748361 core:ShareCapital 2020-10-31 08748361 core:ShareCapital 2019-10-31 08748361 core:RetainedEarningsAccumulatedLosses 2020-10-31 08748361 core:RetainedEarningsAccumulatedLosses 2019-10-31 08748361 dpl:Item1 2019-11-01 08748361 dpl:Item1 2020-10-31 08748361 dpl:Item1 2018-11-01 08748361 dpl:Item1 2019-10-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 08748361
England and Wales

 

 

 

LOGISKA LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 November 2019

End date: 31 October 2020

Logiska Limited
Contents Page
For the year ended 31 October 2020
Director Michael Matson
Registered Number 08748361
Registered Office 7 Cherry Holt Avenue
Heaton Mersey
Stockport
SK4 3PT
Accountants Houghtons
Chartered Certified Accountants
65 Boddens Hill Road
Heaton Mersey
Stockport
SK4 2DG
1
The directors present their annual report and the financial statements for the year ended 31 October 2020
Director
The director who served the company throughout the year was as follows:
Michael Matson
Statement of director's responsibilities
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business
The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.



On behalf of the board.


----------------------------------
Michael Matson
Director

Date approved: 15 April 2021
2
 
 		 Notes
 		 2020
£		   2019
£
Fixed assets      
Tangible fixed assets 2 11,515    14,394 
11,515    14,394 
Current assets      
Debtors 3 22,343    26,908 
Cash at bank and in hand 220,610    183,767 
242,953    210,675 
Creditors: amount falling due within one year 4 (34,475)   (18,769)
Net current assets 208,478    191,906 
 
Total assets less current liabilities 219,993    206,300 
Net assets 219,993    206,300 
 

Capital and reserves 		     
Called up share capital 5 1    1 
Profit and loss account 219,992    206,299 
Shareholders funds 219,993    206,300 
 


For the year ended 31 October 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 15 April 2021 and were signed by:


--------------------------------
Michael Matson
Director
3
General Information
Logiska Limited is a private company, limited by shares , registered in England and Wales , registration number 08748361 , registration address 7 Cherry Holt Avenue, Heaton Mersey, Stockport, SK4 3PT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is
calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Commercial Vehicles 20% Reducing Balance
2.

Tangible fixed assets

Cost or valuation Commercial Vehicles   Total
  £   £
At 01 November 2019 14,394    14,394 
Additions -    - 
Disposals -    - 
At 31 October 2020 14,394    14,394 
Depreciation
At 01 November 2019 -    - 
Charge for year 2,879    2,879 
On disposals -    - 
At 31 October 2020 2,879    2,879 
Net book values
Closing balance as at 31 October 2020 11,515    11,515 
Opening balance as at 01 November 2019 14,394    14,394 


3.

Debtors: amounts falling due within one year

2020
£		   2019
£
Trade Debtors 22,067    26,908 
Prepayments & Accrued Income 276    - 
22,343    26,908 

4.

Creditors: amount falling due within one year

2020
£		   2019
£
Corporation Tax 27,344    13,035 
PAYE & Social Security 7    - 
Accrued Expenses 1,203    1,252 
Wages & Salaries Control Account 725    - 
Directors' Current Accounts 1,528    - 
VAT 3,668    4,482 
34,475    18,769 

5.

Share Capital

Allotted, called up and fully paid
2020
£		   2019
£
1 Ordinary share of £1.00 each 1    1 
1    1 

6.

Average number of employees


Average number of employees during the year was 1 (2019 : 1)
7.

Transactions with Directors

Dividends of £100,000 (2019: £40,000) were paid to the director during the year.  The balance owed to the director at the year end was £1,528 (2019: nil).
8.

Controlling Party

The Company is controlled by the Director who owns 100% of the share capital.
4