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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
Page
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LOGIC QA LTD Company Information for the year ended 31 December 2021
Director
Usman Mahmood
Company Number
10519567 (England and Wales)
Registered Office
22 HIGHLANDS GROVE BRADFORD BD7 4BG ENGLAND
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LOGIC QA LTD Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,157 
2,247 
Current assets
Debtors
2,844 
4,500 
Cash at bank and in hand
13,201 
56,907 
16,045 
61,407 
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)
Capital and reserves
Share premium
100 
100 
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
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LOGIC QA LTD Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
18%
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2021
3,655 
Additions
18,183 
At 31 December 2021
21,838 
Depreciation
At 1 January 2021
1,408 
Charge for the year
3,273 
At 31 December 2021
4,681 
Net book value
At 31 December 2021
17,157 
At 31 December 2020
2,247 
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LOGIC QA LTD Notes to the Accounts for the year ended 31 December 2021
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
- 
4,500 
Other debtors
2,844 
- 
2,844 
4,500 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
10,345 
6,295 
Taxes and social security
12,179 
12,179 
Other creditors
- 
246 
Accruals
450 
30 
22,974 
18,750 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
45,278 
50,000 
Loans from directors
- 
(3,844)
45,278 
46,156 
8
Average number of employees
During the year the average number of employees was 2 (2020: 2).
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