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REGISTERED NUMBER: SC280224 (Scotland)















Unaudited Financial Statements for the Year Ended 29th February 2024

for

THELOGIC LIMITED

THELOGIC LIMITED (REGISTERED NUMBER: SC280224)






Contents of the Financial Statements
for the Year Ended 29th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THELOGIC LIMITED

Company Information
for the Year Ended 29th February 2024







DIRECTOR: E Toptas



SECRETARY: Mrs E Toptas



REGISTERED OFFICE: Munro House
Quarrywood Court
Livingston
EH54 6AX



REGISTERED NUMBER: SC280224 (Scotland)



ACCOUNTANTS: Pecuniae Limited
10 Abercorn Drive
Hamilton
ML3 7EX



BANKERS: The Royal Bank of Scotland
206 Bruntsfield Place
Edinburgh
EH10 4DF

THELOGIC LIMITED (REGISTERED NUMBER: SC280224)

Balance Sheet
29th February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 120,000 -
120,000 -

CURRENT ASSETS
Debtors 6 115,406 109,527
Cash at bank 478,004 599,518
593,410 709,045
CREDITORS
Amounts falling due within one year 7 168,462 161,370
NET CURRENT ASSETS 424,948 547,675
TOTAL ASSETS LESS CURRENT
LIABILITIES

544,948

547,675

CREDITORS
Amounts falling due after more than one
year

8

13,080

23,265
NET ASSETS 531,868 524,410

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 531,368 523,910
SHAREHOLDERS' FUNDS 531,868 524,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

THELOGIC LIMITED (REGISTERED NUMBER: SC280224)

Balance Sheet - continued
29th February 2024


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 28th June 2024 and were signed by:





E Toptas - Director


THELOGIC LIMITED (REGISTERED NUMBER: SC280224)

Notes to the Financial Statements
for the Year Ended 29th February 2024

1. STATUTORY INFORMATION

TheLogic Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 8 (2023 - 8 ) .

THELOGIC LIMITED (REGISTERED NUMBER: SC280224)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2023
and 29th February 2024 3,562
DEPRECIATION
At 1st March 2023
and 29th February 2024 3,562
NET BOOK VALUE
At 29th February 2024 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 120,000
At 29th February 2024 120,000
NET BOOK VALUE
At 29th February 2024 120,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 113,246 107,367
Other debtors 2,160 2,160
115,406 109,527

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,082 9,789
Trade creditors 93,827 66,421
Taxation and social security 58,699 80,017
Other creditors 5,854 5,143
168,462 161,370

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,080 23,265