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Logixa Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Blue Cloud Accounting Solutions Limited
128 Saltergate
Chesterfield
Derbyshire
S40 1NG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07851024
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 409 446
409 446
CURRENT ASSETS
Debtors 5 983 944
Cash at bank and in hand 56,230 58,895
57,213 59,839
Creditors: Amounts Falling Due Within One Year 6 (47,795 ) (46,541 )
NET CURRENT ASSETS (LIABILITIES) 9,418 13,298
TOTAL ASSETS LESS CURRENT LIABILITIES 9,827 13,744
PROVISIONS FOR LIABILITIES
Deferred Taxation (78 ) (85 )
NET ASSETS 9,749 13,659
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 9,747 13,657
SHAREHOLDERS' FUNDS 9,749 13,659
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Martyn Stacey
Director
13 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Logixa Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07851024 . The registered office is 35 Norfolk Avenue, Grassmoor, Chesterfield, Derbyshire, S42 5DZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). 
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of trade discounts and VAT.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: 
Office and Computer Equipment 40% Reducing Balance Basis
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Office and Computer Equipment
£
Cost
As at 1 December 2022 5,895
Additions 235
As at 30 November 2023 6,130
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 December 2022 5,449
Provided during the period 272
As at 30 November 2023 5,721
Net Book Value
As at 30 November 2023 409
As at 1 December 2022 446
5. Debtors
2023 2022
£ £
Due within one year
VAT 88 316
Other taxes and social security 895 628
983 944
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 265 165
Corporation tax 1,804 (1,686 )
Accruals and deferred income 12,965 12,535
Director's loan account 32,761 35,527
47,795 46,541
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
2023 2022
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.000 each 1 1
1 Ordinary B shares of £ 1.000 each 1 1
2 2
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
2023 2022
£ £
Mr Martyn Stacey 1,000 2,000
Page 4