Abbreviated Company Accounts - LOGION LIMITED

Abbreviated Company Accounts - LOGION LIMITED

LOGION LIMITED - Company Information

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Registered Number 04039974

LOGION LIMITED

Abbreviated Accounts

31 December 2014

LOGION LIMITED Registered Number 04039974

Abbreviated Balance Sheet as at 31 December 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 552 4,240
552 4,240
Current assets
Debtors 35,180 15,839
Cash at bank and in hand 20,956 12,259
56,136 28,098
Creditors: amounts falling due within one year (18,908) (10,409)
Net current assets (liabilities) 37,228 17,689
Total assets less current liabilities 37,780 21,929
Total net assets (liabilities) 37,780 21,929
Capital and reserves
Called up share capital 2 2
Profit and loss account 37,778 21,927
Shareholders' funds 37,780 21,929
  • For the year ending 31 December 2014 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 September 2015

And signed on their behalf by:
OLUSOLA ADIO, Director

LOGION LIMITED Registered Number 04039974

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

2Tangible fixed assets
£
Cost
At 1 January 2014 22,044
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2014 22,044
Depreciation
At 1 January 2014 17,804
Charge for the year 3,688
On disposals -
At 31 December 2014 21,492
Net book values
At 31 December 2014 552
At 31 December 2013 4,240