IRIS Accounts Production v23.3.1.45 09543205 director 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh095432052022-03-31095432052023-03-31095432052022-04-012023-03-31095432052021-03-31095432052021-04-012022-03-31095432052022-03-3109543205ns10:Originalns15:EnglandWales2022-04-012023-03-3109543205ns14:PoundSterlingns10:Original2022-04-012023-03-3109543205ns10:Originalns10:Director12022-04-012023-03-3109543205ns10:Original2022-04-012023-03-3109543205ns10:Original2023-03-3109543205ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3109543205ns10:Originalns10:SmallEntities2022-04-012023-03-3109543205ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3109543205ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3109543205ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3109543205ns10:Originalns10:FullAccounts2022-04-012023-03-3109543205ns10:Originalns10:RegisteredOffice2022-04-012023-03-3109543205ns10:Original2022-03-3109543205ns10:Originalns5:CurrentFinancialInstruments2023-03-3109543205ns10:Originalns5:CurrentFinancialInstruments2022-03-3109543205ns10:Originalns5:Non-currentFinancialInstruments2023-03-3109543205ns10:Originalns5:Non-currentFinancialInstruments2022-03-3109543205ns5:ShareCapitalns10:Original2023-03-3109543205ns5:ShareCapitalns10:Original2022-03-3109543205ns10:Originalns5:CapitalRedemptionReserve2023-03-3109543205ns10:Originalns5:CapitalRedemptionReserve2022-03-3109543205ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3109543205ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3109543205ns10:Originalns5:FurnitureFittings2022-04-012023-03-3109543205ns10:Originalns5:ComputerEquipment2022-04-012023-03-3109543205ns10:Original2021-04-012022-03-3109543205ns10:Originalns5:FurnitureFittings2022-03-3109543205ns10:Originalns5:ComputerEquipment2022-03-3109543205ns10:Original2022-03-3109543205ns10:Originalns5:FurnitureFittings2023-03-3109543205ns10:Originalns5:ComputerEquipment2023-03-3109543205ns10:Originalns5:FurnitureFittings2022-03-3109543205ns10:Originalns5:ComputerEquipment2022-03-3109543205ns10:Originalns5:CostValuation2022-03-3109543205ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3109543205ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3109543205ns5:Securedns10:Original2023-03-3109543205ns5:Securedns10:Original2022-03-3109543205ns10:Original1ns10:Director12022-03-3109543205ns10:Original1ns10:Director12021-03-3109543205ns10:Original1ns10:Director12022-04-012023-03-3109543205ns10:Original1ns10:Director12021-04-012022-03-3109543205ns10:Original1ns10:Director12023-03-3109543205ns10:Original1ns10:Director12022-03-31
REGISTERED NUMBER: 09543205 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Logical Resources FMCG Limited

Logical Resources FMCG Limited (Registered number: 09543205)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Logical Resources FMCG Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr S E Ellam





REGISTERED OFFICE: Pickering House
40A York Place
Leeds
LS1 2ED





REGISTERED NUMBER: 09543205 (England and Wales)





ACCOUNTANTS: Aysgarth Chartered Accountants
Pickering House
40A York Place
Leeds
LS1 2ED

Logical Resources FMCG Limited (Registered number: 09543205)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,540 20,735
Investments 5 9,900 9,900
36,440 30,635

CURRENT ASSETS
Debtors 6 244,421 208,793
Cash at bank 118,326 172,779
362,747 381,572
CREDITORS
Amounts falling due within one year 7 124,335 135,487
NET CURRENT ASSETS 238,412 246,085
TOTAL ASSETS LESS CURRENT LIABILITIES 274,852 276,720

CREDITORS
Amounts falling due after more than one year 8 (98,485 ) (143,940 )

PROVISIONS FOR LIABILITIES (5,000 ) (3,900 )
NET ASSETS 171,367 128,880

CAPITAL AND RESERVES
Called up share capital 250 250
Capital redemption reserve 760 760
Retained earnings 170,357 127,870
SHAREHOLDERS' FUNDS 171,367 128,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Logical Resources FMCG Limited (Registered number: 09543205)

Balance Sheet - continued
31 March 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 director and authorised for issue on 8 November 2023 and were signed by:





Mr S E Ellam - Director


Logical Resources FMCG Limited (Registered number: 09543205)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Logical Resources FMCG 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.
Fixtures and fittings - 25% on cost
Computer equipment - 33.3% on cost

All tangible fixed assets are recorded at cost, being purchase price, less accumulated depreciation.

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 13 (2022 - 10 ) .

Logical Resources FMCG Limited (Registered number: 09543205)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 44,170 33,971 78,141
Additions 16,392 8,078 24,470
At 31 March 2023 60,562 42,049 102,611
DEPRECIATION
At 1 April 2022 28,596 28,810 57,406
Charge for year 13,401 5,264 18,665
At 31 March 2023 41,997 34,074 76,071
NET BOOK VALUE
At 31 March 2023 18,565 7,975 26,540
At 31 March 2022 15,574 5,161 20,735

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 9,900
NET BOOK VALUE
At 31 March 2023 9,900
At 31 March 2022 9,900

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 164,427 201,142
Other debtors 79,994 7,651
244,421 208,793

Logical Resources FMCG Limited (Registered number: 09543205)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 45,455 45,455
Taxation and social security 62,251 86,381
Other creditors 16,629 3,651
124,335 135,487

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans 98,485 143,940

9. SECURED DEBTS

The following secured debts are included within creditors:

31/3/23 31/3/22
£    £   
Bank loans 143,940 189,395

The bank loan is secured by way of an unlimited debenture given by the company.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31/3/23 31/3/22
£    £   
Mr S E Ellam
Balance outstanding at start of year - -
Amounts advanced 73,267 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 73,267 -

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S E Ellam.