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Company Registration No. 06762595 (England and Wales)
G-Logic Limited Unaudited accounts for the year ended 31 December 2022
G-Logic Limited Unaudited accounts Contents
Page
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G-Logic Limited Company Information for the year ended 31 December 2022
Directors
James Mark Spong William Charles Spong
Company Number
06762595 (England and Wales)
Registered Office
61a Marlow Road London SE20 7YG England
Accountants
striveX Ltd Beacon House Ibstone Road Stokenchurch Buckinghamshire HP14 3FE
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G-Logic Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
291,658 
583 
Current assets
Inventories
11,443 
- 
Debtors
82,875 
83,195 
Cash at bank and in hand
68,972 
155,116 
163,290 
238,311 
Creditors: amounts falling due within one year
(66,268)
(59,334)
Net current assets
97,022 
178,977 
Total assets less current liabilities
388,680 
179,560 
Creditors: amounts falling due after more than one year
(176,494)
(41,250)
Provisions for liabilities
Deferred tax
(109)
(110)
Net assets
212,077 
138,200 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
211,977 
138,100 
Shareholders' funds
212,077 
138,200 
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 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 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 of Directors and authorised for issue on 7 November 2023 and were signed on its behalf by
James Mark Spong Director Company Registration No. 06762595
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G-Logic Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
G-Logic Limited is a private company, limited by shares, registered in England and Wales, registration number 06762595. The registered office is 61a Marlow Road, London, SE20 7YG, 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:
Land & buildings
n/a
Plant & machinery
20% Straight Line
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2022
- 
728 
728 
Additions
291,221 
- 
291,221 
At 31 December 2022
291,221 
728 
291,949 
Depreciation
At 1 January 2022
- 
145 
145 
Charge for the year
- 
146 
146 
At 31 December 2022
- 
291 
291 
Net book value
At 31 December 2022
291,221 
437 
291,658 
At 31 December 2021
- 
583 
583 
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G-Logic Limited Notes to the Accounts for the year ended 31 December 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
76,208 
76,528 
Other debtors
6,667 
6,667 
82,875 
83,195 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
8,435 
- 
VAT
34,019 
23,727 
Trade creditors
(46)
(46)
Taxes and social security
19,874 
26,125 
Other creditors
- 
1,327 
Loans from directors
2,236 
7,701 
Accruals
1,750 
500 
66,268 
59,334 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
176,494 
41,250 
8
Deferred taxation
2022 
2021 
£ 
£ 
Accelerated capital allowances
109 
110 
2022 
2021 
£ 
£ 
Provision at start of year
110 
- 
(Credited)/charged to the profit and loss account
(1)
110 
Provision at end of year
109 
110 
9
Average number of employees
During the year the average number of employees was 2 (2021: 2).
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