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REGISTERED NUMBER: 05262183 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

LOGIX SYSTEMS LIMITED

LOGIX SYSTEMS LIMITED (REGISTERED NUMBER: 05262183)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOGIX SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2022







DIRECTOR: Mr P Patel





REGISTERED OFFICE: Solar House
282 Chase Road
Southgate
London
N14 6NZ





REGISTERED NUMBER: 05262183 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certifed Accountants
Solar House
282 Chase Road
London
N14 6NZ

LOGIX SYSTEMS LIMITED (REGISTERED NUMBER: 05262183)

BALANCE SHEET
31 OCTOBER 2022

31.10.22 31.10.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40 53

CURRENT ASSETS
Debtors 5 47,727 45,897
Cash at bank and in hand 3,761 1,947
51,488 47,844
CREDITORS
Amounts falling due within one year 6 39,174 30,901
NET CURRENT ASSETS 12,314 16,943
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,354

16,996

CREDITORS
Amounts falling due after more than one
year

7

12,347

16,977
NET ASSETS 7 19

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 5 17
SHAREHOLDERS' FUNDS 7 19

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

LOGIX SYSTEMS LIMITED (REGISTERED NUMBER: 05262183)

BALANCE SHEET - continued
31 OCTOBER 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 October 2023 and were signed by:





Mr P Patel - Director


LOGIX SYSTEMS LIMITED (REGISTERED NUMBER: 05262183)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022


1. STATUTORY INFORMATION

Logix Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts derived from the provision of services to customers during the year, and is recognised at the date the service was provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
equipment
£   
COST
At 1 November 2021
and 31 October 2022 2,189
DEPRECIATION
At 1 November 2021 2,136
Charge for year 13
At 31 October 2022 2,149
NET BOOK VALUE
At 31 October 2022 40
At 31 October 2021 53

LOGIX SYSTEMS LIMITED (REGISTERED NUMBER: 05262183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Trade debtors 27,329 30,637
Tax 804 804
VAT - 386
Accrued income 18,494 12,339
Prepayments 1,100 1,731
47,727 45,897

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Bank loans and overdrafts (see note 8) 4,630 4,630
Trade creditors 4,486 1,204
Tax 21,239 13,487
Social security and other taxes 80 -
VAT 2,776 -
Other Creditors 2,608 8,298
Director's current account 229 485
Accruals and deferred income 3,126 2,797
39,174 30,901

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.22 31.10.21
£    £   
Bank loans (see note 8) 12,347 16,977

8. LOANS

An analysis of the maturity of loans is given below:

31.10.22 31.10.21
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,630 4,630

Amounts falling due between one and two years:
Bank loans - 1-2 years 4,630 4,630

Amounts falling due between two and five years:
Bank loans - 2-5 years 7,717 12,347

LOGIX SYSTEMS LIMITED (REGISTERED NUMBER: 05262183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.22 31.10.21
value: £    £   
2 Ordinary £1 2 2