2023-01-012023-12-312023-12-31false07844821INDUSTRIAL LOGIC EUROPE LTD2024-09-1162090iso4217:GBPxbrli:pure078448212023-01-01078448212023-12-31078448212023-01-012023-12-31078448212022-01-01078448212022-12-31078448212022-01-012022-12-3107844821bus:SmallEntities2023-01-012023-12-3107844821bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3107844821bus:FullAccounts2023-01-012023-12-3107844821bus:PrivateLimitedCompanyLtd2023-01-012023-12-3107844821core:WithinOneYear2023-12-3107844821core:AfterOneYear2023-12-3107844821core:WithinOneYear2022-12-3107844821core:AfterOneYear2022-12-3107844821core:ShareCapital2023-12-3107844821core:SharePremium2023-12-3107844821core:RevaluationReserve2023-12-3107844821core:OtherReservesSubtotal2023-12-3107844821core:RetainedEarningsAccumulatedLosses2023-12-3107844821core:ShareCapital2022-12-3107844821core:SharePremium2022-12-3107844821core:RevaluationReserve2022-12-3107844821core:OtherReservesSubtotal2022-12-3107844821core:RetainedEarningsAccumulatedLosses2022-12-3107844821core:LandBuildings2023-12-3107844821core:PlantMachinery2023-12-3107844821core:Vehicles2023-12-3107844821core:FurnitureFittings2023-12-3107844821core:OfficeEquipment2023-12-3107844821core:NetGoodwill2023-12-3107844821core:IntangibleAssetsOtherThanGoodwill2023-12-3107844821core:ListedExchangeTraded2023-12-3107844821core:UnlistedNon-exchangeTraded2023-12-3107844821core:LandBuildings2022-12-3107844821core:PlantMachinery2022-12-3107844821core:Vehicles2022-12-3107844821core:FurnitureFittings2022-12-3107844821core:OfficeEquipment2022-12-3107844821core:NetGoodwill2022-12-3107844821core:IntangibleAssetsOtherThanGoodwill2022-12-3107844821core:ListedExchangeTraded2022-12-3107844821core:UnlistedNon-exchangeTraded2022-12-3107844821core:LandBuildings2023-01-012023-12-3107844821core:PlantMachinery2023-01-012023-12-3107844821core:Vehicles2023-01-012023-12-3107844821core:FurnitureFittings2023-01-012023-12-3107844821core:OfficeEquipment2023-01-012023-12-3107844821core:NetGoodwill2023-01-012023-12-3107844821core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3107844821core:ListedExchangeTraded2023-01-012023-12-3107844821core:UnlistedNon-exchangeTraded2023-01-012023-12-3107844821core:MoreThanFiveYears2023-01-012023-12-3107844821core:Non-currentFinancialInstruments2023-12-3107844821core:Non-currentFinancialInstruments2022-12-3107844821dpl:CostSales2023-01-012023-12-3107844821dpl:DistributionCosts2023-01-012023-12-3107844821core:LandBuildings2023-01-012023-12-3107844821core:PlantMachinery2023-01-012023-12-3107844821core:Vehicles2023-01-012023-12-3107844821core:FurnitureFittings2023-01-012023-12-3107844821core:OfficeEquipment2023-01-012023-12-3107844821dpl:AdministrativeExpenses2023-01-012023-12-3107844821core:NetGoodwill2023-01-012023-12-3107844821core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3107844821dpl:GroupUndertakings2023-01-012023-12-3107844821dpl:ParticipatingInterests2023-01-012023-12-3107844821dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3107844821core:ListedExchangeTraded2023-01-012023-12-3107844821dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3107844821core:UnlistedNon-exchangeTraded2023-01-012023-12-3107844821dpl:CostSales2022-01-012022-12-3107844821dpl:DistributionCosts2022-01-012022-12-3107844821core:LandBuildings2022-01-012022-12-3107844821core:PlantMachinery2022-01-012022-12-3107844821core:Vehicles2022-01-012022-12-3107844821core:FurnitureFittings2022-01-012022-12-3107844821core:OfficeEquipment2022-01-012022-12-3107844821dpl:AdministrativeExpenses2022-01-012022-12-3107844821core:NetGoodwill2022-01-012022-12-3107844821core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3107844821dpl:GroupUndertakings2022-01-012022-12-3107844821dpl:ParticipatingInterests2022-01-012022-12-3107844821dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3107844821core:ListedExchangeTraded2022-01-012022-12-3107844821dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3107844821core:UnlistedNon-exchangeTraded2022-01-012022-12-3107844821core:NetGoodwill2023-12-3107844821core:IntangibleAssetsOtherThanGoodwill2023-12-3107844821core:LandBuildings2023-12-3107844821core:PlantMachinery2023-12-3107844821core:Vehicles2023-12-3107844821core:FurnitureFittings2023-12-3107844821core:OfficeEquipment2023-12-3107844821core:AfterOneYear2023-12-3107844821core:WithinOneYear2023-12-3107844821core:ListedExchangeTraded2023-12-3107844821core:UnlistedNon-exchangeTraded2023-12-3107844821core:ShareCapital2023-12-3107844821core:SharePremium2023-12-3107844821core:RevaluationReserve2023-12-3107844821core:OtherReservesSubtotal2023-12-3107844821core:RetainedEarningsAccumulatedLosses2023-12-3107844821core:NetGoodwill2022-12-3107844821core:IntangibleAssetsOtherThanGoodwill2022-12-3107844821core:LandBuildings2022-12-3107844821core:PlantMachinery2022-12-3107844821core:Vehicles2022-12-3107844821core:FurnitureFittings2022-12-3107844821core:OfficeEquipment2022-12-3107844821core:AfterOneYear2022-12-3107844821core:WithinOneYear2022-12-3107844821core:ListedExc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INDUSTRIAL LOGIC EUROPE LTD

Registered Number
07844821
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

INDUSTRIAL LOGIC EUROPE LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

BROWNE, Sandra Sampson
KERIEVSKY, Joshua Lowell

Company Secretary

BEARE, Paul David

Registered Address

49 Greek Street
London
W1D 4EG

Registered Number

07844821 (England and Wales)
INDUSTRIAL LOGIC EUROPE LTD
Statement of Financial Position
31 December 2023

Notes

2023

2022

£

£

£

£

Current assets
Debtors3176,97661,379
Cash at bank and on hand32,053133
209,02961,512
Creditors amounts falling due within one year4(230,540)(24,695)
Net current assets (liabilities)(21,511)36,817
Total assets less current liabilities(21,511)36,817
Net assets(21,511)36,817
Capital and reserves
Called up share capital100100
Profit and loss account(21,611)36,717
Shareholders' funds(21,511)36,817
The financial statements were approved and authorised for issue by the Board of Directors on 11 September 2024, and are signed on its behalf by:
BROWNE, Sandra Sampson
Director
Registered Company No. 07844821
INDUSTRIAL LOGIC EUROPE LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20232022
Average number of employees during the year10
3.Debtors: amounts due within one year

2023

2022

££
Other debtors176,97661,379
Total176,97661,379
4.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables230,54019,772
Bank borrowings and overdrafts-4,923
Total230,54024,695
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.