Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30true2023-05-01falseNo description of principal activity2220falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04615993 2023-05-01 2024-04-30 04615993 2022-05-01 2023-04-30 04615993 2024-04-30 04615993 2023-04-30 04615993 2022-05-01 04615993 c:Director1 2023-05-01 2024-04-30 04615993 d:Buildings d:LongLeaseholdAssets 2023-05-01 2024-04-30 04615993 d:Buildings d:LongLeaseholdAssets 2024-04-30 04615993 d:Buildings d:LongLeaseholdAssets 2023-04-30 04615993 d:PlantMachinery 2023-05-01 2024-04-30 04615993 d:FurnitureFittings 2023-05-01 2024-04-30 04615993 d:FurnitureFittings 2024-04-30 04615993 d:FurnitureFittings 2023-04-30 04615993 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04615993 d:OfficeEquipment 2023-05-01 2024-04-30 04615993 d:OfficeEquipment 2024-04-30 04615993 d:OfficeEquipment 2023-04-30 04615993 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04615993 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04615993 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-30 04615993 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-30 04615993 d:CurrentFinancialInstruments 2024-04-30 04615993 d:CurrentFinancialInstruments 2023-04-30 04615993 d:Non-currentFinancialInstruments 2024-04-30 04615993 d:Non-currentFinancialInstruments 2023-04-30 04615993 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 04615993 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 04615993 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 04615993 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 04615993 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 04615993 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 04615993 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 04615993 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 04615993 d:ShareCapital 2024-04-30 04615993 d:ShareCapital 2023-04-30 04615993 d:RetainedEarningsAccumulatedLosses 2024-04-30 04615993 d:RetainedEarningsAccumulatedLosses 2023-04-30 04615993 c:OrdinaryShareClass1 2023-05-01 2024-04-30 04615993 c:OrdinaryShareClass1 2024-04-30 04615993 c:OrdinaryShareClass2 2023-05-01 2024-04-30 04615993 c:OrdinaryShareClass2 2024-04-30 04615993 c:OrdinaryShareClass3 2023-05-01 2024-04-30 04615993 c:OrdinaryShareClass3 2024-04-30 04615993 c:FRS102 2023-05-01 2024-04-30 04615993 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 04615993 c:FullAccounts 2023-05-01 2024-04-30 04615993 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04615993 d:WithinOneYear 2024-04-30 04615993 d:WithinOneYear 2023-04-30 04615993 d:BetweenOneFiveYears 2024-04-30 04615993 d:BetweenOneFiveYears 2023-04-30 04615993 d:EntityControlledByKeyManagementPersonnel1 2023-05-01 2024-04-30 04615993 d:EntityControlledByKeyManagementPersonnel1 2024-04-30 04615993 d:EntityControlledByKeyManagementPersonnel2 2023-05-01 2024-04-30 04615993 d:EntityControlledByKeyManagementPersonnel2 2024-04-30 04615993 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 04615993 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 04615993 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04615993









LOGIC CERTIFICATION LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
LOGIC CERTIFICATION LIMITED
REGISTERED NUMBER: 04615993

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024


2024

2023
Note
£
£
£
£

Fixed assets
  

Intangible assets
 4 
-
201

Tangible assets
 5 
300,067
341,910

  
300,067
342,111

Current assets
  

Debtors: amounts falling due within one year
 6 
325,662
461,656

Cash at bank and in hand
 7 
377,551
395,515

  
703,213
857,171

Creditors: amounts falling due within one year
 8 
(721,074)
(629,581)

Net current (liabilities)/assets
  
 
 
(17,861)
 
 
227,590

Total assets less current liabilities
  
282,206
569,701

Creditors: amounts falling due after more than one year
 9 
(49,077)
(139,545)

Provisions for liabilities
  

Deferred tax
 11 
(33,904)
(42,889)

Net assets
  
199,225
387,267


Capital and reserves
  

Called up share capital 
 12 
2,000
2,000

Profit and loss account
  
197,225
385,267

  
199,225
387,267


Page 1

 
LOGIC CERTIFICATION LIMITED
REGISTERED NUMBER: 04615993
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider 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 directors acknowledge their 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.

The Company has opted not to file the Statement of comprehenisve 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 5 September 2024.




K J Budd
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
LOGIC CERTIFICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Logic Certification Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is Unit 7 Belvue Business Centre, Belvue Road, Northolt, Middlesex, UB5 5QQ.
The company's principal activity continues to be that of a certification body.

2.Accounting policies

 
2.1

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:

 
2.2

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 year 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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at year end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of comprehensive income except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of comprehensive income within 'other operating income'.

Page 3

 
LOGIC CERTIFICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

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
Where revenue is directly linked to specific achievements, such as payments in respect of learner registration and assessment, this revenue is only recognised when the specific achievement is met.
Rebates are recognised as and when they become due.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight-line basis over the lease term.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
LOGIC CERTIFICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

Intangible assets

Development costs are capitalised within intangible assets where they can be identified with a specific product or project anticipated to produce future benefits, and are amortised on a straight line basis over the anticipated life of the benefits arising from the completed product or project.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
LOGIC CERTIFICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold property improvements
-
10% straight line
Plant & machinery
-
20% - 33% straight line
Fixtures & fittings
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

 
2.9

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.

 
2.10

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.

 
2.11

Creditors

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.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 22 (2023 - 20).

Page 6

 
LOGIC CERTIFICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Intangible assets




Development  costs

£



Cost


At 1 May 2023
27,555



At 30 April 2024

27,555



Amortisation


At 1 May 2023
27,354


Charge for the year
201



At 30 April 2024

27,555



Net book value



At 30 April 2024
-



At 30 April 2023
201



Page 7

 
LOGIC CERTIFICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Leasehold property improvements
Fixtures & fittings
Plant & machinery
Total

£
£
£
£



Cost 


At 1 May 2023
307,053
59,585
216,398
583,036


Additions
1,150
-
4,387
5,537



At 30 April 2024

308,203
59,585
220,785
588,573



Depreciation


At 1 May 2023
8,955
40,036
192,135
241,126


Charge for the year
31,121
5,450
10,809
47,380



At 30 April 2024

40,076
45,486
202,944
288,506



Net book value



At 30 April 2024
268,127
14,099
17,841
300,067



At 30 April 2023
298,098
19,549
24,263
341,910

Page 8

 
LOGIC CERTIFICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Debtors

2024
2023
£
£


Trade debtors
242,688
232,539

Other debtors
7,184
165,125

Prepayments and accrued income
75,790
63,992

325,662
461,656



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
377,551
395,515

377,551
395,515



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
90,469
96,232

Trade creditors
72,091
69,655

Corporation tax
73,687
41,282

Other taxation and social security
54,015
83,561

Other creditors
347,807
255,787

Accruals and deferred income
83,005
83,064

721,074
629,581




There is a debenture in place over all the assets of the company dated 9 July 2003.
There is an unlimited guarantee in place between the company and Gas Logic Limited dated 22 August 2006.

Page 9

 
LOGIC CERTIFICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
49,077
139,545

49,077
139,545



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
90,469
96,232

Amounts falling due 1-2 years

Bank loans
48,191
90,469

Amounts falling due 2-5 years

Bank loans
886
49,076


139,546
235,777


Page 10

 
LOGIC CERTIFICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

11.


Deferred taxation




2024
2023


£

£






At beginning of year
42,889
24,320


(Credited)/charged to the Statement of comprehensive income
(8,985)
18,569



At end of year
33,904
42,889

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
33,904
42,889

33,904
42,889


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



900 Ordinary A shares of £1 each
900
900
900 Ordinary B shares of £1 each
900
900
200 Ordinary C shares of £1 each
200
200

2,000

2,000


The Ordinary A £1 shares, Ordinary B £1 shares and Ordinary C £1 shares are separate classes of shares for the purpose of declaration of dividends. The declaration of a dividend in respect of one class of share shall not compel a dividend at the same rate to be declared in respect of any other class of shares. The Ordinary A £1 shares, Ordinary B £1 shares and Ordinary C £1 shares rank pari passu in all other respects.



13.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £15,336 (2023 - £16,675)

Page 11

 
LOGIC CERTIFICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

14.


Commitments under operating leases

At 30 April 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
45,214
28,093

Later than 1 year and not later than 5 years
45,700
46,124

90,914
74,217


15.


Transactions with directors

Included within other debtors is an amount of £Nil (2023 - £150,000) due from a director. The loan is interest free and repayable on demand.


16.


Related party transactions

During the year, the company made sales of £480,594 (2023 - £492,448) to and purchases of £121,832 (2023 - £14,899) from a company under common control. Included within administration expenses are amounts paid as management charges of £519,000 (2023 - £440,000) to this related party. At the year end, the company owed £328,171 (2023 - £211,756) to the related party.
 
Included within other creditors is an amount of £14,261 (2023 - £27,408) due to the directors.

17.


Controlling party

The controlling parties are the directors by virtue of their majority shareholding in the company.
 
Page 12