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REGISTERED NUMBER: 06337526 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Pro Logic Control & Drives Company Ltd

Pro Logic Control & Drives Company Ltd (Registered number: 06337526)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pro Logic Control & Drives Company Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: D I Holgate
S Parker





SECRETARY: D I Holgate





REGISTERED OFFICE: England House
The Sidings
Whalley
Lancashire
BB7 9SE





REGISTERED NUMBER: 06337526 (England and Wales)





ACCOUNTANTS: Egan Roberts Limited
Accountants
Citygate
Longridge Road
Preston
Lancashire
PR2 5BQ

Pro Logic Control & Drives Company Ltd (Registered number: 06337526)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,875 19,725

CURRENT ASSETS
Debtors 5 59,075 132,621
Cash at bank and in hand 417,289 154,315
476,364 286,936
CREDITORS
Amounts falling due within one year 6 151,486 102,901
NET CURRENT ASSETS 324,878 184,035
TOTAL ASSETS LESS CURRENT
LIABILITIES

338,753

203,760

PROVISIONS FOR LIABILITIES 2,843 4,931
NET ASSETS 335,910 198,829

CAPITAL AND RESERVES
Called up share capital 7 150 150
Retained earnings 8 335,760 198,679
SHAREHOLDERS' FUNDS 335,910 198,829

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

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

Pro Logic Control & Drives Company Ltd (Registered number: 06337526)

Balance Sheet - continued
31 August 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 Board of Directors and authorised for issue on 27 March 2024 and were signed on its behalf by:





S Parker - Director


Pro Logic Control & Drives Company Ltd (Registered number: 06337526)

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

1. STATUTORY INFORMATION

Pro Logic Control & Drives Company Ltd 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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2022 - 2 ) .

Pro Logic Control & Drives Company Ltd (Registered number: 06337526)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 11,151 7,846 9,495 62,432 90,924
Additions - 248 - 2,780 3,028
At 31 August 2023 11,151 8,094 9,495 65,212 93,952
DEPRECIATION
At 1 September 2022 3,485 5,244 8,782 53,688 71,199
Charge for year 1,917 393 178 6,390 8,878
At 31 August 2023 5,402 5,637 8,960 60,078 80,077
NET BOOK VALUE
At 31 August 2023 5,749 2,457 535 5,134 13,875
At 31 August 2022 7,666 2,602 713 8,744 19,725

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 39,516 107,292
VAT 4,053 8,959
Prepayments and accrued income 15,506 16,370
59,075 132,621

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 55,993 30,321
Tax 85,273 64,061
Social security and other taxes 41 -
Directors' current accounts 7,127 5,677
Accrued expenses 3,052 2,842
151,486 102,901

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
150 Ordinary £1 150 150

Pro Logic Control & Drives Company Ltd (Registered number: 06337526)

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

8. RESERVES
Retained
earnings
£   

At 1 September 2022 198,679
Profit for the year 305,081
Dividends (168,000 )
At 31 August 2023 335,760