Abbreviated Company Accounts - LOGICALFOCUS LIMITED

LOGICALFOCUS LIMITED - Company Information

03787641 LOGICALFOCUS LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 03787641 2014-07-01 2015-06-30 03787641 2015-06-30 03787641 2014-06-30 03787641 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 03787641 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 iso4217:GBP shares

Registered Number 03787641

LOGICALFOCUS LIMITED

Abbreviated Accounts

30 June 2015

LOGICALFOCUS LIMITED Registered Number 03787641

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	99,237	74,450
		99,237	74,450
Current assets
Stocks		38,130	36,424
Debtors		173,448	182,977
Cash at bank and in hand		10,548	14
		222,126	219,415
Creditors: amounts falling due within one year		(225,563)	(248,313)
Net current assets (liabilities)		(3,437)	(28,898)
Total assets less current liabilities		95,800	45,552
Creditors: amounts falling due after more than one year		(28,671)	(8,316)
Provisions for liabilities		(13,323)	(7,758)
Total net assets (liabilities)		53,806	29,478
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		53,706	29,378
Shareholders' funds		53,806	29,478

For the year ending 30 June 2015 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 24 November 2015

And signed on their behalf by:
P A Sharman, Director

LOGICALFOCUS LIMITED Registered Number 03787641

Notes to the Abbreviated Accounts for the period ended 30 June 2015

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.

Leasehold property 5% Straight Line
Office equipment 20% Straight Line
Fixtures and Fittings 10% Straight Line
Computers 33% Straight Line
Motor vehicles 25% Reducing Balance

Other accounting policies
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Tangible fixed assets

	£
Cost
At 1 July 2014	186,756
Additions	50,098
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	236,854
Depreciation
At 1 July 2014	112,306
Charge for the year	25,311
On disposals	-
At 30 June 2015	137,617
Net book values
At 30 June 2015	99,237
At 30 June 2014	74,450

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100