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REGISTERED NUMBER: 02164675 (England and Wales)


















P.I. LOGIC LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






P.I. LOGIC LIMITED (REGISTERED NUMBER: 02164675)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P.I. LOGIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Dr E R Poore
Dr M G Poore
Mr E N Poore





SECRETARY: Dr M G Poore





REGISTERED OFFICE: Gelli Dogin
Cwmfelin Boeth
Whitland
Carmarthenshire
SA34 0RU





REGISTERED NUMBER: 02164675 (England and Wales)





ACCOUNTANTS: Llewelyn Davies
Chartered Accountants
Yelverton House
St John Street
Whitland
Carmarthenshire
SA34 0AW

P.I. LOGIC LIMITED (REGISTERED NUMBER: 02164675)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,568 16,869

CURRENT ASSETS
Stocks 1,800 12,000
Debtors 5 14,913 6,759
Cash at bank 180,361 172,492
197,074 191,251
CREDITORS
Amounts falling due within one year 6 64,406 49,281
NET CURRENT ASSETS 132,668 141,970
TOTAL ASSETS LESS CURRENT
LIABILITIES

159,236

158,839

CAPITAL AND RESERVES
Called up share capital 1,200 1,200
Retained earnings 158,036 157,639
SHAREHOLDERS' FUNDS 159,236 158,839

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

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

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 25 July 2024 and were signed on its behalf by:




Dr M G Poore - Director



Dr E R Poore - Director


P.I. LOGIC LIMITED (REGISTERED NUMBER: 02164675)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

P.I. 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.

Given the projected revenue earnings, as well as the ongoing support of its directors for it to continue trading for the foreseeable future and as a result of this, the directors continue to adopt the going concern basis of accounting.

Turnover
The company's turnover represents the value, excluding Value Added Tax, of goods and services supplied to customers during the year.

A proportion of the company's turnover relates to overseas sales.

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 - 20% on reducing balance, 15% on reducing balance and 10% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 87,728
Additions 13,667
At 31 October 2023 101,395
DEPRECIATION
At 1 November 2022 70,859
Charge for year 3,968
At 31 October 2023 74,827
NET BOOK VALUE
At 31 October 2023 26,568
At 31 October 2022 16,869

P.I. LOGIC LIMITED (REGISTERED NUMBER: 02164675)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,913 6,759

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 14,258 2,804
Taxation and social security 2,435 151
Other creditors 47,713 46,326
64,406 49,281