LOGEX LTD

Company Registration Number:
11126296 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

LOGEX LTD

Contents of the Financial Statements

for the Period Ended 31 December 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

LOGEX LTD

Directors' report period ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Principal activities of the company

For the development of business in Eastern Europe, the subsidiary Single Solution LLC, registered in Bulgaria (Business address: Bulgaria, 1000, Sofia, 8, Iskar Str., fl. 3, UIC: 205633588, VAT: BG205633588). this financial report is consolidated for LOGEX LTD and Single Solution LLC companies.Business activities is wholesale of other machinery and equipment, wired telecommunications activities, other telecommunications activities, management consultancy activities other than financial management.



Directors

The director shown below has held office during the period of
1 December 2022 to 31 December 2022

Mr Andrejs Sidorenko


The director shown below has held office during the period of
15 February 2022 to 1 December 2022

Eduards SAVINS


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 September 2023

And signed on behalf of the board by:
Name: Mr Andrejs Sidorenko
Status: Director

LOGEX LTD

Profit And Loss Account

for the Period Ended 31 December 2022

2022 2021


£

£
Turnover: 5,402,370 1,027,864
Cost of sales: ( 4,586,302 ) ( 856,274 )
Gross profit(or loss): 816,068 171,590
Administrative expenses: ( 817,080 ) ( 180,838 )
Operating profit(or loss): (1,012) (9,248)
Profit(or loss) before tax: (1,012) (9,248)
Profit(or loss) for the financial year: (1,012) (9,248)

LOGEX LTD

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Current assets
Debtors: 3 5,101,367 1,491,849
Cash at bank and in hand: 159,634 86,327
Investments: 4 250,000 15,000
Total current assets: 5,511,001 1,593,176
Creditors: amounts falling due within one year: 5 ( 4,299,631 ) ( 1,301,642 )
Net current assets (liabilities): 1,211,370 291,534
Total assets less current liabilities: 1,211,370 291,534
Creditors: amounts falling due after more than one year: 6 ( 1,212,282 ) ( 300,682 )
Total net assets (liabilities): (912) (9,148)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (1,012 ) (9,248 )
Total Shareholders' funds: ( 912 ) (9,148)

The notes form part of these financial statements

LOGEX LTD

Balance sheet statements

For the year ending 31 December 2022 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 30 September 2023
and signed on behalf of the board by:

Name: Mr Andrejs Sidorenko
Status: Director

The notes form part of these financial statements

LOGEX LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

LOGEX LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 17 9

LOGEX LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Debtors

2022 2021
£ £
Trade debtors 5,101,367 1,491,849
Total 5,101,367 1,491,849

LOGEX LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Current assets investments note

Current assets investments are invested for business development in Eastern Europe. Investments are invested in the operation of the subsidiary Single Solution LLC, registered in Bulgaria. The requisites of Single Solution Ltd. next: business address: Bulgaria, 1000, Sofia, Iskar str. 8, fl. 3, Company Number (UIC): 205633588, VAT number: BG205633588. This financial report is consolidated for the LOGEX LTD and Single Solution Ltd companies.

LOGEX LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due within one year note

2022 2021
£ £
Trade creditors 4,299,631 1,301,642
Total 4,299,631 1,301,642

LOGEX LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Creditors: amounts falling due after more than one year note

2022 2021
£ £
Other creditors 1,212,282 300,682
Total 1,212,282 300,682