Organisation Logic Limited

Organisation Logic Limited

ORGANISATION LOGIC LIMITED - Company Information

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18 September 2019 false Taxfiler 2021.6 12213127business:PrivateLimitedCompanyLtd2019-09-182020-09-30 122131272019-09-17 122131272019-09-182020-09-30 12213127business:AuditExemptWithAccountantsReport2019-09-182020-09-30 12213127business:FullAccounts2019-09-182020-09-30 122131272020-09-30 12213127business:Director12019-09-182020-09-30 12213127business:CompanySecretary12019-09-182020-09-30 12213127business:RegisteredOffice2019-09-182020-09-30 12213127core:WithinOneYear2020-09-30 12213127core:ShareCapital2020-09-30 12213127core:RetainedEarningsAccumulatedLosses2020-09-30 12213127business:SmallEntities2019-09-182020-09-30 12213127countries:EnglandWales2019-09-182020-09-30 12213127core:FurnitureFittings2019-09-182020-09-30 12213127core:ComputerEquipment2019-09-182020-09-30 12213127core:FurnitureFittings2019-09-17 12213127core:ComputerEquipment2019-09-17 12213127core:FurnitureFittings2020-09-30 12213127core:ComputerEquipment2020-09-30 iso4217:GBP xbrli:pure
Company Registration No. 12213127 (England and Wales)
Organisation Logic Limited Unaudited accounts for the period from 18 September 2019 to 30 September 2020
Organisation Logic Limited Unaudited accounts Contents
Page
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Organisation Logic Limited Company Information for the period from 18 September 2019 to 30 September 2020
Director
Steven Edward Bianchi
Secretary
Kimberly Anne Bianchi
Company Number
12213127 (England and Wales)
Registered Office
Hall Farmhouse Barton Road Barton Seagrave Kettering NN15 6RS United Kingdom
Accountants
PHA Accountants Limited 1st Floor , The Yards Business Centre 11 Market Street Kettering Northamptonshire NN16 0AH
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Organisation Logic Limited Accountants' report
Accountants' report to the director of Organisation Logic Limited on the preparation of the unaudited statutory accounts for the period from 18 September 2019 to 30 September 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Organisation Logic Limited for the period from 18 September 2019 to 30 September 2020 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Organisation Logic Limited, as a body, in accordance with the terms of our engagement letter dated 9 September 2019. Our work has been undertaken solely to prepare for your approval the accounts of Organisation Logic Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Organisation Logic Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Organisation Logic Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Organisation Logic Limited. You consider that Organisation Logic Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Organisation Logic Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
PHA Accountants Limited 1st Floor , The Yards Business Centre 11 Market Street Kettering Northamptonshire NN16 0AH 13 May 2021
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Organisation Logic Limited Statement of financial position as at 30 September 2020
2020 
Notes
£ 
Fixed assets
Tangible assets
4
4,872 
Current assets
Debtors
5
91 
Cash at bank and in hand
43,750 
43,841 
Creditors: amounts falling due within one year
6
(18,131)
Net current assets
25,710 
Total assets less current liabilities
30,582 
Provisions for liabilities
Deferred tax
(926)
Net assets
29,656 
Capital and reserves
Called up share capital
100 
Profit and loss account
29,556 
Shareholders' funds
29,656 
For the period ending 30 September 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 May 2021 and were signed on its behalf by
Steven Edward Bianchi Director Company Registration No. 12213127
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Organisation Logic Limited Notes to the Accounts for the period from 18 September 2019 to 30 September 2020
1
Statutory information
Organisation Logic Limited is a private company, limited by shares, registered in England and Wales, registration number 12213127. The registered office is Hall Farmhouse, Barton Road, Barton Seagrave, Kettering, NN15 6RS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
Computer equipment
33% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Organisation Logic Limited Notes to the Accounts for the period from 18 September 2019 to 30 September 2020
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 18 September 2019
- 
- 
- 
Additions
424 
6,799 
7,223 
At 30 September 2020
424 
6,799 
7,223 
Depreciation
Charge for the period
85 
2,266 
2,351 
At 30 September 2020
85 
2,266 
2,351 
Net book value
At 30 September 2020
339 
4,533 
4,872 
5
Debtors: amounts falling due within one year
2020 
£ 
Accrued income and prepayments
91 
6
Creditors: amounts falling due within one year
2020 
£ 
Taxes and social security
6,007 
Loans from directors
11,524 
Accruals
600 
18,131 
7
Average number of employees
During the period the average number of employees was 2.
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