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REGISTERED NUMBER: 01796238 (England and Wales)















Financial Statements for the Year Ended 28 February 2023

for

Auto Logic Limited

Auto Logic Limited (Registered number: 01796238)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Auto Logic Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: A Hilton
Mrs C Hilton





REGISTERED OFFICE: 994 Astley Street
Dukinfield
Stockport
Cheshire
SK16 4QX





REGISTERED NUMBER: 01796238 (England and Wales)





ACCOUNTANTS: Lucas Reis Ltd
Chartered Accountants
Lansdowne House
85 Buxton Road
Stockport
Cheshire
SK2 6LR

Auto Logic Limited (Registered number: 01796238)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,915 2,831

CURRENT ASSETS
Stocks 6,821 6,432
Debtors 5 3,098 3,454
Cash at bank and in hand 3,025 11,916
12,944 21,802
CREDITORS
Amounts falling due within one year 6 12,415 16,021
NET CURRENT ASSETS 529 5,781
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,444

8,612

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 2,442 8,610
SHAREHOLDERS' FUNDS 2,444 8,612

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Auto Logic Limited (Registered number: 01796238)

Balance Sheet - continued
28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:





A Hilton - Director


Auto Logic Limited (Registered number: 01796238)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Auto 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 etc - 15% on reducing balance and at variable rates on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Auto Logic Limited (Registered number: 01796238)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

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 5 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 11,712 90,249 101,961
DEPRECIATION
At 1 March 2022 11,080 88,050 99,130
Charge for year 586 330 916
At 28 February 2023 11,666 88,380 100,046
NET BOOK VALUE
At 28 February 2023 46 1,869 1,915
At 28 February 2022 632 2,199 2,831

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 3,098 3,454

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 1,582 2,965
Tax 547 5,347
Social security and other taxes 892 737
VAT 1,746 129
Other creditors 6,098 5,393
Accruals and deferred income 1,550 1,450
12,415 16,021

Auto Logic Limited (Registered number: 01796238)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
2 Ordinary £1 2 2

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party during the current, and previous, year were the directors Mr & Mrs Hilton by virtue of their joint ownership of all of the issued ordinary share capital of the company.