LOGICAL_OFFICE_LIMITED - Accounts

LOGICAL OFFICE LIMITED - Company Information

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Company Registration No. 03157537 (England and Wales)

LOGICAL OFFICE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

LOGICAL OFFICE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

LOGICAL OFFICE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

11,586

13,233

Current assets

Debtors

31,420

41,443

Cash at bank and in hand

43,378

33,799

74,798

75,242

Creditors: amounts falling due within one year

(22,399)

(40,307)

Net current assets

52,399

34,935

Total assets less current liabilities

63,985

48,168

Creditors: amounts falling due after more than one year

(297)

63,985

47,871

Capital and reserves

Called up share capital

200,000

Profit and loss account

(136,015)

(152,129)

Shareholders' funds

63,985

47,871

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 23 June 2015

Mr R Voyce

Director

Company Registration No. 03157537

LOGICAL OFFICE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

25% on written down value

Fixtures, fittings & equipment

25% on written down value

Motor vehicles

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2014

132,205

94,344

226,549

Additions

77,226

Disposals

(68,561)

At 31 March 2015

132,205

103,009

235,214

Depreciation

At 1 April 2014

132,205

81,112

213,317

Charge for the year

10,311

At 31 March 2015

132,205

91,423

223,628

Net book value

At 31 March 2015

11,586

At 31 March 2014

13,233

LOGICAL OFFICE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

200,000 Ordinary shares of £1 each

200,000

Ultimate parent company

The ultimate controlling party is Mr R Voyce, who is the Company's director.

Related party relationships and transactions

Advances and credits to directors

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

R Voyce - Interest free advance

466

Other transactions

The company paid rent of £24,000 (2014: £24,000) to the director.