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REGISTERED NUMBER: 11120372 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

LoGi Food Technologies Ltd

LoGi Food Technologies Ltd (Registered number: 11120372)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LoGi Food Technologies Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Dr H Daniell





SECRETARY:





REGISTERED OFFICE: Foundry Farm
Shillinglee Road
Chiddingfold
Godalming
Surrey
GU8 4SY





REGISTERED NUMBER: 11120372 (England and Wales)





ACCOUNTANTS: Michael Finn & Co
Myrtle House
High Street
HENFIELD
West Sussex
BN5 9DA

LoGi Food Technologies Ltd (Registered number: 11120372)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,919 46,538

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 5 3,701 5,975
Cash at bank 418 2,689
6,119 10,664
CREDITORS
Amounts falling due within one year 6 9,122 11,980
NET CURRENT LIABILITIES (3,003 ) (1,316 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,916

45,222

CREDITORS
Amounts falling due after more than one
year

7

637,000

550,000
NET LIABILITIES (590,084 ) (504,778 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (590,085 ) (504,779 )
(590,084 ) (504,778 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2024 and were signed by:





Dr H Daniell - Director


LoGi Food Technologies Ltd (Registered number: 11120372)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

LoGi Food Technologies Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

LoGi Food Technologies Ltd (Registered number: 11120372)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023 102,080 722 102,802
Additions 15,975 - 15,975
At 31 December 2023 118,055 722 118,777
DEPRECIATION
At 1 January 2023 55,684 580 56,264
Charge for year 12,474 120 12,594
At 31 December 2023 68,158 700 68,858
NET BOOK VALUE
At 31 December 2023 49,897 22 49,919
At 31 December 2022 46,396 142 46,538

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 1,706 1,706
VAT 1,995 4,269
3,701 5,975

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 2,648 4,971
Social security and other taxes 833 -
Other creditors - 1,380
Other creditors - foundry farm 3,878 3,878
Directors' current accounts 243 331
Accrued expenses 1,520 1,420
9,122 11,980

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Directors' loan accounts 637,000 550,000