Logician Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 03227651 (England and Wales)

Financial Statements

for the Year Ended 31 July 2022

for

Logician Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P L 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 Wain House

Stretfordbury

Leominster

Hertfordshire

HR6 0LP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

614

393

614

393

CURRENT ASSETS

Stocks

14,000

12,500

Debtors

6

10,072

410

Investments

7

27,396

27,396

Cash at bank

116,667

119,594

168,135

159,900

CREDITORS

Amounts falling due within one year

8

124,763

156,916

NET CURRENT ASSETS

43,372

2,984

TOTAL ASSETS LESS CURRENT LIABILITIES

43,986

3,377

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

43,985

3,376

SHAREHOLDERS' FUNDS

43,986

3,377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 January 2023 and were signed by:

P L Hutchins - Director

1.	STATUTORY INFORMATION

Logician Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 etc

-

20% on cost and 15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 August 2021

and 31 July 2022

3,880

AMORTISATION

At 1 August 2021

and 31 July 2022

3,880

NET BOOK VALUE

At 31 July 2022

-

At 31 July 2021

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2021

11,703

Additions

420

At 31 July 2022

12,123

DEPRECIATION

At 1 August 2021

11,310

Charge for year

199

At 31 July 2022

11,509

NET BOOK VALUE

At 31 July 2022

614

At 31 July 2021

393

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.7.21

£

£

Trade debtors

10,072

-

Other debtors

-

410

10,072

410

7.	CURRENT ASSET INVESTMENTS

31.7.22

31.7.21

£

£

Other investments

27,396

27,396

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.7.21

£

£

Trade creditors

4,176

11,559

Taxation and social security

20,161

12,728

Other creditors

100,426

132,629

124,763

156,916