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Company Registration No. 10519567 (England and Wales)
LOGIC QA LTD Unaudited accounts for the year ended 31 December 2022
LOGIC QA LTD Unaudited accounts Contents
Page
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LOGIC QA LTD Company Information for the year ended 31 December 2022
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 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,036 
17,157 
Current assets
Debtors
10,800 
2,844 
Cash at bank and in hand
11,409 
13,201 
22,209 
16,045 
Creditors: amounts falling due within one year
(28,027)
(22,974)
Net current liabilities
(5,818)
(6,929)
Total assets less current liabilities
10,218 
10,228 
Creditors: amounts falling due after more than one year
(42,707)
(45,278)
Net liabilities
(32,489)
(35,050)
Capital and reserves
Share premium
100 
100 
Profit and loss account
(32,589)
(35,150)
Shareholders' funds
(32,489)
(35,050)
For the year ending 31 December 2022 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 24 October 2023 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 2022
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 2022
21,838 
Additions
2,399 
At 31 December 2022
24,237 
Depreciation
At 1 January 2022
4,681 
Charge for the year
3,520 
At 31 December 2022
8,201 
Net book value
At 31 December 2022
16,036 
At 31 December 2021
17,157 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,800 
- 
Other debtors
- 
2,844 
10,800 
2,844 
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LOGIC QA LTD Notes to the Accounts for the year ended 31 December 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
13,675 
10,345 
Taxes and social security
12,686 
12,179 
Loans from directors
1,166 
- 
Accruals
500 
450 
28,027 
22,974 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
42,707 
45,278 
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).
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