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REGISTERED NUMBER: SC270874 (Scotland)















Financial Statements for the Year Ended 31 January 2024

for

Superlogo Limited

Superlogo Limited (Registered number: SC270874)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Superlogo Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: A K Dall



SECRETARY: S Willis



REGISTERED OFFICE: Unit 18/2B Dryden Road
Bilston Glen Industrial Estate
EDINBURGH
Midlothian
EH20 9LZ



REGISTERED NUMBER: SC270874 (Scotland)



ACCOUNTANT: Hazel Lauder
Chartered Accountant
One St Colme Street
Edinburgh
Lothian
EH3 6AA



SOLICITORS: Anderson Strathearn WS
48 Castle Street
Edinburgh
EH2 3LX

Superlogo Limited (Registered number: SC270874)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,126 54,863
Investment property 5 320,000 325,000
359,126 379,863

CURRENT ASSETS
Stocks 907 1,507
Debtors 6 134,043 24,401
Cash at bank 21,982 60,380
156,932 86,288
CREDITORS
Amounts falling due within one year 7 256,089 178,502
NET CURRENT LIABILITIES (99,157 ) (92,214 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

259,969

287,649

CREDITORS
Amounts falling due after more than one
year

8

(34,000

)

(58,000

)

PROVISIONS FOR LIABILITIES (42,777 ) (36,406 )

ACCRUALS AND DEFERRED INCOME (27,909 ) (41,945 )
NET ASSETS 155,283 151,298

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 11 155,282 151,297
SHAREHOLDERS' FUNDS 155,283 151,298

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Superlogo Limited (Registered number: SC270874)

Balance Sheet - continued
31 January 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 30 October 2024 and were signed by:





A K Dall - Director


Superlogo Limited (Registered number: SC270874)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Superlogo 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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Plant and machinery etc - 20% on cost and 10% on cost

Government grants
Revenue grants received are released to the Profit and Loss account in the period when the relevant expenditure is incurred.

Capital grants are amortised over the useful life of the assets to which they relate and recognised in the profit and loss account in line with the depreciation charges.

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.

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.


Superlogo Limited (Registered number: SC270874)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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 workplace pension scheme for employees. The assets of the scheme are administered by the pension providers, independent from the company.

Contributions payable are charged as incurred.

Financial instruments
Basic financial instruments are recognised at amortised cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 262,607
DEPRECIATION
At 1 February 2023 207,744
Charge for year 15,737
At 31 January 2024 223,481
NET BOOK VALUE
At 31 January 2024 39,126
At 31 January 2023 54,863

Superlogo Limited (Registered number: SC270874)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 325,000
Revaluations (5,000 )
At 31 January 2024 320,000
NET BOOK VALUE
At 31 January 2024 320,000
At 31 January 2023 325,000

The Investment Property was sold in May 2024 and has been revalued at the sale price.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 10,074 6,110
Amounts owed by group undertakings 123,969 18,291
134,043 24,401

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 24,000 24,000
Trade creditors 90,552 82,149
Taxation and social security 75,432 46,248
Other creditors 66,105 26,105
256,089 178,502

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 34,000 58,000

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.24 31.1.23
£    £   
In more than five years 363,426 415,344

Superlogo Limited (Registered number: SC270874)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 58,000 82,000

The bank loans are secured by a floating charge and a standard security over the investment property.

11. RESERVES
Retained
earnings
£   

At 1 February 2023 151,297
Profit for the year 20,485
Dividends (16,500 )
At 31 January 2024 155,282

12. ULTIMATE CONTROLLING PARTY

The controlling party is Sports Warehouse Limited.

The ultimate controlling party is A K Dall.