Company Registration No. 10519567 (England and Wales)
LOGIC QA LTD
Unaudited accounts
for the year ended 31 December 2021
LOGIC QA LTD
Unaudited accounts
Contents
LOGIC QA LTD
Company Information
for the year ended 31 December 2021
Company Number
10519567 (England and Wales)
Registered Office
22 HIGHLANDS GROVE
BRADFORD
BD7 4BG
ENGLAND
LOGIC QA LTD
Statement of financial position
as at 31 December 2021
Tangible assets
17,157
2,247
Cash at bank and in hand
13,201
56,907
Creditors: amounts falling due within one year
(22,974)
(18,750)
Net current (liabilities)/assets
(6,929)
42,657
Total assets less current liabilities
10,228
44,904
Creditors: amounts falling due after more than one year
(45,278)
(46,156)
Net liabilities
(35,050)
(1,252)
Profit and loss account
(35,150)
(1,352)
Shareholders' funds
(35,050)
(1,252)
For the year ending 31 December 2021 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 director acknowledges his 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 and authorised for issue on 15 August 2022 and were signed on its behalf by
Usman Mahmood
Director
Company Registration No. 10519567
LOGIC QA LTD
Notes to the Accounts
for the year ended 31 December 2021
LOGIC QA LTD is a private company, limited by shares, registered in England and Wales, registration number 10519567. The registered office is 22 HIGHLANDS GROVE, BRADFORD, BD7 4BG, ENGLAND.
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.
These financial statements for the year ended 31 December 2021 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2020.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
4
Tangible fixed assets
Fixtures & fittings
At 31 December 2021
21,838
At 31 December 2021
17,157
LOGIC QA LTD
Notes to the Accounts
for the year ended 31 December 2021
5
Debtors: amounts falling due within one year
2021
2020
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
12,179
12,179
7
Creditors: amounts falling due after more than one year
2021
2020
Loans from directors
-
(3,844)
8
Average number of employees
During the year the average number of employees was 2 (2020: 2).