Logiska Limited - Accounts

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Registered Number: 08748361

England and Wales

LOGISKA LIMITED

Unaudited Financial Statements

Period of accounts

Start date: 01 November 2021

End date: 31 October 2022

Logiska Limited
Contents Page
For the year ended 31 October 2022

Company information	1
Director's report	2
Statement of financial position	3
Statement of changes in equity	4
Notes to the financial statements	5

Logiska Limited
Company Information
For the year ended 31 October 2022

Director	Michael Matson
Registered Number	08748361
Registered Office	7 Cherry Holt Avenue Heaton Mersey Stockport SK4 3PT
Accountants	Houghtons Chartered Certified Accountants 3 Buckingham Road West Heaton Mersey Stockport SK4 4AZ

Logiska Limited
Director's Report
For the year ended 31 October 2022

Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 October 2022

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: 23 June 2023

Registered Number: 08748361 Logiska Limited
Statement of Financial Position
As at 31 October 2022

	Notes	2022 £	2021 £
Fixed assets
Tangible fixed assets	3	7,370	9,212
		7,370	9,212
Current assets
Debtors	4	25,230	18,099
Cash at bank and in hand		302,240	224,750
		327,470	242,849
Creditors: amount falling due within one year	5	(33,131)	(21,350)
Net current assets		294,339	221,499

Total assets less current liabilities		301,709	230,711
Net assets		301,709	230,711

Capital and reserves
Called up share capital	6	1	1
Profit and loss account		301,708	230,710
Shareholder's funds		301,709	230,711

For the year ended 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges 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 23 June 2023 and were signed by:

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

Logiska Limited
Statement of Changes in Equity
For the year ended 31 October 2022

	Equity share capital	Retained Earnings	Total
	£	£	£
At 01 November 2020	1	219,992	219,993
Profit for the year		50,718	50,718
Total comprehensive income for the year	-	50,718	50,718
Dividends		(40,000)	(40,000)
Total investments by and distributions to owners	-	(40,000)	(40,000)
At 31 October 2021	1	230,710	230,711
At 01 November 2021	1	230,710	230,711
Profit for the year		110,998	110,998
Total comprehensive income for the year	-	110,998	110,998
Dividends		(40,000)	(40,000)
Total investments by and distributions to owners	-	(40,000)	(40,000)
At 31 October 2022	1	301,708	301,709

Logiska Limited
Notes to the Financial Statements
For the year ended 31 October 2022

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.

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.	Average number of employees Average number of employees during the year was 1 (2021 : 1).

Tangible fixed assets

Cost or valuation	Commercial Vehicles	Total
	£	£
At 01 November 2021	22,491	22,491
Additions	-	-
Disposals	-	-
At 31 October 2022	22,491	22,491
Depreciation
At 01 November 2021	13,279	13,279
Charge for year	1,842	1,842
On disposals	-	-
At 31 October 2022	15,121	15,121
Net book values
Closing balance as at 31 October 2022	7,370	7,370
Opening balance as at 01 November 2021	9,212	9,212

Debtors: amounts falling due within one year

	2022 £	2021 £
Trade Debtors	24,963	17,804
Prepayments & Accrued Income	267	295
	25,230	18,099

Creditors: amount falling due within one year

	2022 £	2021 £
Trade Creditors	-	-
Corporation Tax	26,692	12,437
PAYE & Social Security	13	7
Accrued Expenses	1,383	1,270
Directors' Current Accounts	930	4,285
VAT	4,113	3,351
	33,131	21,350

Share Capital

Allotted, called up and fully paid	2022 £		2021 £
1 Ordinary share of £1.00 each	1		1
	1		1

7.	Transactions with Directors Dividends of £40,000 (2021: £40,000) were paid to the director during the year. The balance owed to the director at the year end was £930 (2021: 4,285).

8.	Controlling Party The Company is controlled by the Director who owns 100% of the share capital.