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REGISTERED NUMBER: 06101257 (England and Wales)









Unaudited Financial Statements

for the Year Ended 5 April 2023

for

Queue Logic Limited

Queue Logic Limited (Registered number: 06101257)






Contents of the Financial Statements
for the Year Ended 5 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Queue Logic Limited

Company Information
for the Year Ended 5 April 2023







DIRECTORS: Mrs A H Gray
A R Gray





SECRETARY: Mrs A H Gray





REGISTERED OFFICE: Unit 7
Mulberry Place
Pinnell Road
Eltham
London
SE9 6AR





REGISTERED NUMBER: 06101257 (England and Wales)





ACCOUNTANTS: Nichols & Co ( Accountancy ) Limited
Chartered Accountants
Unit 7
Mulberry Place
Pinnell Road
Eltham
London
SE9 6AR

Queue Logic Limited (Registered number: 06101257)

Balance Sheet
5 April 2023

5.4.23 5.4.22
Notes £ £
FIXED ASSETS
Tangible assets 4 4,835 6,923

CURRENT ASSETS
Debtors 5 74,747 73,758
Cash at bank 157,272 234,797
232,019 308,555
CREDITORS
Amounts falling due within one year 6 (32,345 ) (67,864 )
NET CURRENT ASSETS 199,674 240,691
TOTAL ASSETS LESS CURRENT
LIABILITIES

204,509

247,614

PROVISIONS FOR LIABILITIES 7 (919 ) (1,044 )
NET ASSETS 203,590 246,570

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 203,490 246,470
SHAREHOLDERS' FUNDS 203,590 246,570

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Queue Logic Limited (Registered number: 06101257)

Balance Sheet - continued
5 April 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2023 and were signed on its behalf by:





A R Gray - Director


Queue Logic Limited (Registered number: 06101257)

Notes to the Financial Statements
for the Year Ended 5 April 2023

1. STATUTORY INFORMATION

Queue Logic 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Queue Logic Limited (Registered number: 06101257)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£ £ £
COST
At 6 April 2022
and 5 April 2023 4,110 15,916 20,026
DEPRECIATION
At 6 April 2022 2,503 10,600 13,103
Charge for year 402 1,686 2,088
At 5 April 2023 2,905 12,286 15,191
NET BOOK VALUE
At 5 April 2023 1,205 3,630 4,835
At 5 April 2022 1,607 5,316 6,923

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£ £
Trade debtors 50,960 45,630
VAT 126 -
Prepayments and accrued income 23,661 28,128
74,747 73,758

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£ £
Trade creditors - 2,163
Corporation tax 27,678 51,182
Social security and other taxes 399 380
VAT - 10,080
Credit Card 254 210
Directors' current accounts 1,649 1,349
Accruals and deferred income 2,365 2,500
32,345 67,864

7. PROVISIONS FOR LIABILITIES
5.4.23 5.4.22
£ £
Deferred tax 919 1,044

Queue Logic Limited (Registered number: 06101257)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred tax
£
Balance at 6 April 2022 1,044
Provided during year (125 )
Balance at 5 April 2023 919

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 5.4.23 5.4.22
value: £ £
100 Share capital 1 £1 100 100

9. RESERVES
Retained
earnings
£

At 6 April 2022 246,470
Profit for the year 115,520
Dividends (158,500 )
At 5 April 2023 203,490

10. RELATED PARTY DISCLOSURES

Included in creditors falling due within one year is an amount of £1,649 (2022: £1,349) due to the directors, representing expenses and start-up costs incurred on behalf of the business.

11. CONTROLLING PARTY

The company is controlled by its directors. No single individual can be regarded as either the controlling or ultimate controlling party of the company.