Company Registration No. 07834216 (England and Wales)
Logical Storage Solutions Limited
Unaudited accounts
for the period from 31 March 2022 to 31 March 2023
Logical Storage Solutions Limited
Unaudited accounts
Contents
Logical Storage Solutions Limited
Company Information
for the period from 31 March 2022 to 31 March 2023
Directors
Neil Ellis
Steve Mallabone
Company Number
07834216 (England and Wales)
Registered Office
UNIT 1B HERALD WAY
PEGASUS BUSINESS PARK
CASTLE DONINGTON
LEICESTERSHIRE
DE74 2TZ
Accountants
Robins & Co
35 St Leonards Road
Northampton
NN4 8DL
Logical Storage Solutions Limited
Statement of financial position
as at 31 March 2023
Tangible assets
342,773
259,488
Cash at bank and in hand
721,599
860,395
Creditors: amounts falling due within one year
(608,518)
(968,115)
Net current assets
220,552
816,132
Total assets less current liabilities
563,325
1,075,620
Creditors: amounts falling due after more than one year
(251,375)
(395,225)
Provisions for liabilities
Deferred tax
(65,127)
(9,800)
Net assets
246,823
670,595
Called up share capital
100
100
Profit and loss account
246,723
670,495
Shareholders' funds
246,823
670,595
For the period ending 31 March 2023 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 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 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 of Directors and authorised for issue on 8 December 2023 and were signed on its behalf by
Neil Ellis
Director
Company Registration No. 07834216
Logical Storage Solutions Limited
Notes to the Accounts
for the period from 31 March 2022 to 31 March 2023
Logical Storage Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 07834216. The registered office is UNIT 1B HERALD WAY, PEGASUS BUSINESS PARK, CASTLE DONINGTON, LEICESTERSHIRE, DE74 2TZ.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 31 March 2022
504
301,572
29,464
26,677
358,217
Additions
-
160,578
6,106
24,134
190,818
Disposals
-
(6,646)
-
-
(6,646)
At 31 March 2023
504
455,504
35,570
50,811
542,389
At 31 March 2022
446
78,828
6,239
13,216
98,729
Charge for the period
16
87,479
7,007
6,385
100,887
At 31 March 2023
462
166,307
13,246
19,601
199,616
At 31 March 2023
42
289,197
22,324
31,210
342,773
At 30 March 2022
58
222,744
23,225
13,461
259,488
Logical Storage Solutions Limited
Notes to the Accounts
for the period from 31 March 2022 to 31 March 2023
Amounts falling due within one year
Trade debtors
83,310
854,722
Accrued income and prepayments
16,910
8,440
Other debtors
6,000
20,000
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
499,277
130,945
Taxes and social security
80,820
16,485
Other creditors
1,800
1,800
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
251,375
146,225
8
Average number of employees
During the period the average number of employees was 4 (2022: 4).
