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
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
G-Logic Limited
Statement of financial position
as at 31 December 2022
Tangible assets
291,658
583
Cash at bank and in hand
68,972
155,116
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
Net assets
212,077
138,200
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
G-Logic Limited
Notes to the Accounts
for the year ended 31 December 2022
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
At 1 January 2022
-
145
145
Charge for the year
-
146
146
At 31 December 2022
-
291
291
At 31 December 2022
291,221
437
291,658
At 31 December 2021
-
583
583
G-Logic Limited
Notes to the Accounts
for the year ended 31 December 2022
Amounts falling due within one year
Trade debtors
76,208
76,528
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
8,435
-
Taxes and social security
19,874
26,125
Loans from directors
2,236
7,701
7
Creditors: amounts falling due after more than one year
2022
2021
8
Deferred taxation
2022
2021
Accelerated capital allowances
109
110
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).