Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true12023-01-01falseNo description of principal activity1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03149288 2023-01-01 2023-12-31 03149288 2022-01-01 2022-12-31 03149288 2023-12-31 03149288 2022-12-31 03149288 2022-01-01 03149288 c:Director1 2023-01-01 2023-12-31 03149288 d:CurrentFinancialInstruments 2023-12-31 03149288 d:CurrentFinancialInstruments 2022-12-31 03149288 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03149288 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03149288 d:ShareCapital 2023-01-01 2023-12-31 03149288 d:ShareCapital 2023-12-31 03149288 d:ShareCapital 2022-01-01 2022-12-31 03149288 d:ShareCapital 2022-12-31 03149288 d:ShareCapital 2022-01-01 03149288 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 03149288 d:RetainedEarningsAccumulatedLosses 2023-12-31 03149288 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 03149288 d:RetainedEarningsAccumulatedLosses 2022-12-31 03149288 d:RetainedEarningsAccumulatedLosses 2022-01-01 03149288 c:OrdinaryShareClass1 2023-01-01 2023-12-31 03149288 c:OrdinaryShareClass1 2023-12-31 03149288 c:OrdinaryShareClass1 2022-12-31 03149288 c:FRS102 2023-01-01 2023-12-31 03149288 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03149288 c:FullAccounts 2023-01-01 2023-12-31 03149288 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03149288 2 2023-01-01 2023-12-31 03149288 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 03149288






LOGICAL CONCEPTS LIMITED

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023

 
LOGICAL CONCEPTS LIMITED
REGISTERED NUMBER: 03149288

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
2,481
2,201

Cash at bank and in hand
 6 
20,290
31,260

  
22,771
33,461

Creditors: amounts falling due within one year
 7 
(23,898)
(34,582)

Net current liabilities
  
 
 
(1,127)
 
 
(1,121)

Total assets less current liabilities
  
(1,127)
(1,121)

  

Net liabilities
  
(1,127)
(1,121)


Capital and reserves
  

Called up share capital 
 8 
1,000
1,000

Profit and loss account
 9 
(2,127)
(2,121)

  
(1,127)
(1,121)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Page 1

 
LOGICAL CONCEPTS LIMITED
REGISTERED NUMBER: 03149288
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 August 2024.





D Bernheim
Director

The notes on pages 5 to 8 form part of these financial statements.

Page 2

 
LOGICAL CONCEPTS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2023
1,000
(2,121)
(1,121)


Comprehensive income for the year

Loss for the year
-
(6)
(6)
Total comprehensive income for the year
-
(6)
(6)


Total transactions with owners
-
-
-


At 31 December 2023
1,000
(2,127)
(1,127)


The notes on pages 5 to 8 form part of these financial statements.

Page 3

 
LOGICAL CONCEPTS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2022


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2022
1,000
(4,896)
(3,896)


Comprehensive income for the year

Profit for the year
-
2,775
2,775
Total comprehensive income for the year
-
2,775
2,775


Total transactions with owners
-
-
-


At 31 December 2022
1,000
(2,121)
(1,121)


The notes on pages 5 to 8 form part of these financial statements.

Page 4

 
LOGICAL CONCEPTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
1.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
1.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 5

 
LOGICAL CONCEPTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies (continued)

 
1.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
1.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


2.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on an continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Prepayments & Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.  

Page 6

 
LOGICAL CONCEPTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

2023
2022
£
£

Wages and salaries
9,100
8,310

9,100
8,310


The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Stocks





5.


Debtors

2023
2022
£
£


Trade debtors
2,250
1,970

Other debtors
231
231

2,481
2,201



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
20,290
31,260

20,290
31,260


Page 7

 
LOGICAL CONCEPTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,653
8,031

Corporation tax
-
651

Other taxation and social security
2,462
1,321

Other creditors
668
671

Accruals and deferred income
19,115
23,908

23,898
34,582


2023
2022
£
£

Other taxation and social security

VAT control
2,462
1,321

2,462
1,321



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



9.


Reserves

Profit & loss account

The profit and loss reserve is fully distributable.


10.


Related party transactions

During the year the company paid salary totalling £9,100 (2022 - £8,310) to Mr D Bernheim, the sole director.
At the balance sheet date, the company owed Mr D Bernheim £666 (2022 - £671).
During the year, the company made purchases of £43,140 (2022 - £30,122) from SARL Zalabim, a company in which Mr D Bernheim is a majority shareholder. At the balance sheet date, SARL Zalabim owed the company £Nil (2022 - £Nil).

 
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