31 December 2022 false No description of principal activity Taxfiler 2024.5 SC306680business:PrivateLimitedCompanyLtd2022-12-312023-12-30 SC3066802022-12-30 SC3066802022-12-312023-12-30 SC306680business:AuditExemptWithAccountantsReport2022-12-312023-12-30 SC306680business:FilletedAccounts2022-12-312023-12-30 SC3066802023-12-30 SC306680business:Director12022-12-312023-12-30 SC306680business:RegisteredOffice2022-12-312023-12-30 SC3066802022-12-30 SC306680core:WithinOneYear2023-12-30 SC306680core:WithinOneYear2022-12-30 SC306680core:AfterOneYear2023-12-30 SC306680core:AfterOneYear2022-12-30 SC306680core:ShareCapitalcore:PreviouslyStatedAmount2023-12-30 SC306680core:ShareCapitalcore:PreviouslyStatedAmount2022-12-30 SC306680core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-30 SC306680core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-30 SC306680core:PreviouslyStatedAmount2023-12-30 SC306680core:PreviouslyStatedAmount2022-12-30 SC306680business:SmallEntities2022-12-312023-12-30 SC306680countries:Scotland2022-12-312023-12-30 SC306680core:PlantMachinery2022-12-312023-12-30 SC306680core:MotorVehicles2022-12-312023-12-30 SC306680core:LandBuildings2022-12-30 SC306680core:PlantMachinery2022-12-30 SC306680core:LandBuildings2023-12-30 SC306680core:PlantMachinery2023-12-30 SC306680core:LandBuildings2022-12-312023-12-30 SC3066802021-12-312022-12-30 iso4217:GBP xbrli:pure
Company Registration No. SC306680 (Scotland)
Logo Lounge Ltd Unaudited accounts for the year ended 30 December 2023
Logo Lounge Ltd Unaudited accounts Contents
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Logo Lounge Ltd Company Information for the year ended 30 December 2023
Director
Amanda Ross
Company Number
SC306680 (Scotland)
Registered Office
The Skyhouse Leachkin Brae Inverness IV3 8PN GB
Accountants
Terri Whitelaw 11 View Road View Road Nairn IV12 5AH
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Logo Lounge Ltd Accountants' report
Accountants' report to the director of Logo Lounge Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 December 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 30 December 2023. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Terri Whitelaw 11 View Road View Road Nairn IV12 5AH 30 October 2024
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Logo Lounge Ltd Statement of financial position as at 30 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,780 
16,980 
Current assets
Debtors
8,087 
4,902 
Cash at bank and in hand
(5,119)
2,207 
2,968 
7,109 
Creditors: amounts falling due within one year
(3,638)
(866)
Net current (liabilities)/assets
(670)
6,243 
Total assets less current liabilities
16,110 
23,223 
Creditors: amounts falling due after more than one year
(9,396)
(12,295)
Net assets
6,714 
10,928 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
6,614 
10,828 
Shareholders' funds
6,714 
10,928 
For the year ending 30 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2024 and were signed on its behalf by
Amanda Ross Director Company Registration No. SC306680
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Logo Lounge Ltd Notes to the Accounts for the year ended 30 December 2023
1
Statutory information
Logo Lounge Ltd is a private company, limited by shares, registered in Scotland, registration number SC306680. The registered office is The Skyhouse , Leachkin Brae, Inverness, IV3 8PN, GB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 31 December 2022
15,979 
17,440 
33,419 
At 30 December 2023
15,979 
17,440 
33,419 
Depreciation
At 31 December 2022
- 
16,439 
16,439 
Charge for the year
- 
200 
200 
At 30 December 2023
- 
16,639 
16,639 
Net book value
At 30 December 2023
15,979 
801 
16,780 
At 30 December 2022
15,979 
1,001 
16,980 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,087 
4,902 
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Logo Lounge Ltd Notes to the Accounts for the year ended 30 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,025 
633 
Taxes and social security
2,154 
3,976 
Other creditors
1,004 
2,673 
Loans from directors
(1,545)
(6,916)
Accruals
1,000 
500 
3,638 
866 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
9,396 
12,295 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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