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REGISTERED NUMBER: 12247712 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30th June 2024

for

Logpile.com Ltd

Logpile.com Ltd (Registered number: 12247712)

Contents of the Financial Statements
for the Year Ended 30th June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Logpile.com Ltd

Company Information
for the Year Ended 30th June 2024







DIRECTORS: S Barnett
M L Barnett
Lord W L P Selborne





REGISTERED OFFICE: The Engine House
77 Station Road
Petersfield
GU323FQ





REGISTERED NUMBER: 12247712 (England and Wales)





ACCOUNTANTS: Whiteleys
Chartered Certified Accountants
Sovereign House
155 High Street
Aldershot
Hampshire
GU11 1TT

Logpile.com Ltd (Registered number: 12247712)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 7,492 6,660

CURRENT ASSETS
Stocks 41,814 58,319
Debtors 6 62,937 53,064
Cash at bank 52,524 72,417
157,275 183,800
CREDITORS
Amounts falling due within one year 7 67,160 87,748
NET CURRENT ASSETS 90,115 96,052
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,607

102,712

CREDITORS
Amounts falling due after more than one
year

8

13,867

24,051
NET ASSETS 83,740 78,661

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 82,740 77,661
SHAREHOLDERS' FUNDS 83,740 78,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Logpile.com Ltd (Registered number: 12247712)

Balance Sheet - continued
30th June 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st October 2024 and were signed on its behalf by:





S Barnett - Director


Logpile.com Ltd (Registered number: 12247712)

Notes to the Financial Statements
for the Year Ended 30th June 2024


1. STATUTORY INFORMATION

Logpile.com 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Leasehold improvements - Straight line over the life of the lease
Plant and machinery - 20% on cost
Computer equipment - 33% on cost

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold 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.

Stocks are measured at the lower of cost and selling price less cost to complete and sell.

Cost is calculated on a first in, first out basis and includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Logpile.com Ltd (Registered number: 12247712)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Logpile.com Ltd (Registered number: 12247712)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

5. TANGIBLE FIXED ASSETS
Leasehold Plant and Computer
improvements machinery equipment Totals
£    £    £    £   
COST
At 1st July 2023 19,647 8,439 3,316 31,402
Additions - 8,087 - 8,087
Disposals (5,658 ) (7,500 ) - (13,158 )
At 30th June 2024 13,989 9,026 3,316 26,331
DEPRECIATION
At 1st July 2023 17,362 4,064 3,316 24,742
Charge for year 2,286 2,095 - 4,381
Eliminated on disposal (5,659 ) (4,625 ) - (10,284 )
At 30th June 2024 13,989 1,534 3,316 18,839
NET BOOK VALUE
At 30th June 2024 - 7,492 - 7,492
At 30th June 2023 2,285 4,375 - 6,660

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 15,843 22,291
Other debtors 11,688 30,773
27,531 53,064

Amounts falling due after more than one year:
Amounts owed by group undertakings 35,406 -

Aggregate amounts 62,937 53,064

Logpile.com Ltd (Registered number: 12247712)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,129 9,856
Trade creditors 34,712 55,447
Taxation and social security 19,551 20,974
Other creditors 2,768 1,471
67,160 87,748

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,867 24,051

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 16,800