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Company Registration No. 05388029 (England and Wales)
Zulogic Limited Unaudited accounts for the year ended 31 July 2023
Zulogic Limited Unaudited accounts Contents
Page
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Zulogic Limited Company Information for the year ended 31 July 2023
Director
Mr D Henley
Company Number
05388029 (England and Wales)
Registered Office
Three Trees The Street Ulcombe Kent ME17 1DX England
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
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Zulogic Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,918 
1,135 
Current assets
Inventories
37,881 
29,701 
Debtors
5,885 
23,102 
Cash at bank and in hand
24,879 
17,995 
68,645 
70,798 
Creditors: amounts falling due within one year
(27,117)
(32,000)
Net current assets
41,528 
38,798 
Total assets less current liabilities
44,446 
39,933 
Creditors: amounts falling due after more than one year
(33,684)
(39,297)
Net assets
10,762 
636 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
10,760 
634 
Shareholders' funds
10,762 
636 
For the year ending 31 July 2023 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 director acknowledges his 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 and authorised for issue on 11 November 2023 and were signed on its behalf by
Mr D Henley Director Company Registration No. 05388029
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Zulogic Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Zulogic Limited is a private company, limited by shares, registered in England and Wales, registration number 05388029. The registered office is Three Trees, The Street, Ulcombe, Kent, ME17 1DX, 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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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
15% written down value
Computer equipment
15% written down value
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Zulogic Limited Notes to the Accounts for the year ended 31 July 2023
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
1,293 
3,416 
4,709 
Additions
2,297 
- 
2,297 
At 31 July 2023
3,590 
3,416 
7,006 
Depreciation
At 1 August 2022
740 
2,834 
3,574 
Charge for the year
427 
87 
514 
At 31 July 2023
1,167 
2,921 
4,088 
Net book value
At 31 July 2023
2,423 
495 
2,918 
At 31 July 2022
553 
582 
1,135 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
488 
12,041 
Other debtors
5,397 
11,061 
5,885 
23,102 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,294 
5,000 
VAT
5,895 
- 
Trade creditors
890 
890 
Taxes and social security
11,042 
21,895 
Other creditors
472 
740 
Loans from directors
49 
- 
Accruals
3,475 
3,475 
27,117 
32,000 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
33,684 
39,297 
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Zulogic Limited Notes to the Accounts for the year ended 31 July 2023
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr D Henley
Loan to director
11,061 
- 
5,664 
5,397 
11,061 
- 
5,664 
5,397 
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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