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Company Registration No. 13841331 (England and Wales)
Logun Plant Ltd Unaudited accounts for the year ended 31 March 2024
Logun Plant Ltd Unaudited accounts Contents
Page
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Logun Plant Ltd Company Information for the year ended 31 March 2024
Directors
Thomas Gooding Jane Lennon-Knight Russell Lowman Matthew Gunn
Company Number
13841331 (England and Wales)
Registered Office
Witts End Thorncroft Drive Barnston Wirral CH61 1AG England
Accountants
Aspire Accounting & Financial Management Ltd WITTS END THORNCROFT DRIVE BARNSTON WIRRAL CH61 1AG
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Logun Plant Ltd for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Logun Plant Ltd for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
This report is made solely to the Board of Directors of Logun Plant Ltd, as a body, in accordance with the terms of our engagement letter dated 11 January 2022. Our work has been undertaken solely to prepare for your approval the accounts of Logun Plant Ltd and state those matters that we have agreed to state to the Board of Directors of Logun Plant Ltd, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Logun Plant Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Logun Plant Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Logun Plant Ltd. You consider that Logun Plant Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Logun Plant Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Aspire Accounting & Financial Management Ltd Member in Practice WITTS END THORNCROFT DRIVE BARNSTON WIRRAL CH61 1AG 30 April 2024
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Logun Plant Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
98,332 
150,651 
Current assets
Debtors
23,692 
2 
Cash at bank and in hand
4,399 
24,839 
28,091 
24,841 
Creditors: amounts falling due within one year
(77,345)
(14,342)
Net current (liabilities)/assets
(49,254)
10,499 
Total assets less current liabilities
49,078 
161,150 
Creditors: amounts falling due after more than one year
(54,291)
(178,639)
Net liabilities
(5,213)
(17,489)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(5,215)
(17,491)
Shareholders' funds
(5,213)
(17,489)
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 30 April 2024 and were signed on its behalf by
Thomas Gooding Director Company Registration No. 13841331
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Logun Plant Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Logun Plant Ltd is a private company, limited by shares, registered in England and Wales, registration number 13841331. The registered office is Witts End, Thorncroft Drive, Barnston, Wirral, CH61 1AG, 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.
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
10% Per Annum Straight Line
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
150,651 
Disposals
(44,202)
At 31 March 2024
106,449 
Depreciation
Charge for the year
14,747 
On disposals
(6,630)
At 31 March 2024
8,117 
Net book value
At 31 March 2024
98,332 
At 31 March 2023
150,651 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
23,692 
- 
Other debtors
- 
2 
23,692 
2 
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Logun Plant Ltd Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
14,342 
Other creditors
77,345 
- 
77,345 
14,342 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
51,402 
51,409 
Trade creditors
2,889 
- 
Other creditors
- 
127,230 
54,291 
178,639 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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