LOGICLEVEL LIMITED

LOGICLEVEL LIMITED

LOGICLEVEL LIMITED - Company Information

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LOGICLEVEL LIMITED

Company Registration Number:
02563997 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2017

Period of accounts

Start date: 01 January 2017

End date: 31 December 2017

LOGICLEVEL LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2017

Balance sheet
Notes

LOGICLEVEL LIMITED

Balance sheet

As at 31 December 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 2 251,460 250,997
Total fixed assets: 251,460 250,997
Current assets
Stocks: 5,500 0
Debtors: 3 112,300 184,905
Cash at bank and in hand: 240,020 370,350
Total current assets: 357,820 555,255
Creditors: amounts falling due within one year: 4 (226,619) (285,849)
Net current assets (liabilities): 131,201 269,406
Total assets less current liabilities: 382,661 520,403
Creditors: amounts falling due after more than one year:   (83,275) (70,894)
Total net assets (liabilities): 299,386 449,509
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 299,286 449,409
Shareholders funds: 299,386 449,509

The notes form part of these financial statements

LOGICLEVEL LIMITED

Balance sheet statements

For the year ending 31 December 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 August 2018
and signed on behalf of the board by:

Name: J Rowe
Status: Director

The notes form part of these financial statements

LOGICLEVEL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Motor Vehicles – 20% on wdvPlant & Equipment – 15% on wdvIf there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

LOGICLEVEL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

2. Tangible Assets

Total
Cost £
At 01 January 2017 879,024
Additions 59,434
Disposals (52,802)
At 31 December 2017 885,656
Depreciation
At 01 January 2017 628,027
Charge for year 53,302
On disposals (47,133)
At 31 December 2017 634,196
Net book value
At 31 December 2017 251,460
At 31 December 2016 250,997

LOGICLEVEL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

3. Debtors

2017 2016
££
Debtors due after more than one year: 0 0

LOGICLEVEL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

4. Creditors: amounts falling due within one year note

Trade Creditors £21,764Social Security and other taxes £22,915Other Creditors £181,940TOTAL £226,619