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REGISTERED NUMBER: 01796238 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

Auto Logic Limited

Auto Logic Limited (Registered number: 01796238)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Auto Logic Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: A Hilton
Mrs C Hilton





REGISTERED OFFICE: 994 Astley Street
Dukinfield
Stockport
Cheshire
SK16 4QX





REGISTERED NUMBER: 01796238 (England and Wales)





ACCOUNTANTS: Lucas Reis Ltd
Chartered Accountants
Lansdowne House
85 Buxton Road
Stockport
Cheshire
SK2 6LR

Auto Logic Limited (Registered number: 01796238)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,589 1,915

CURRENT ASSETS
Stocks 6,528 6,821
Debtors 5 1,521 3,098
Cash at bank and in hand 90 3,025
8,139 12,944
CREDITORS
Amounts falling due within one year 6 16,202 12,415
NET CURRENT (LIABILITIES)/ASSETS (8,063 ) 529
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,474

)

2,444

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings (6,476 ) 2,442
SHAREHOLDERS' FUNDS (6,474 ) 2,444

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

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Auto Logic Limited (Registered number: 01796238)

Balance Sheet - continued
29 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





A Hilton - Director


Auto Logic Limited (Registered number: 01796238)

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

1. STATUTORY INFORMATION

Auto Logic Limited 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.

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 - 15% on reducing balance and at variable rates on reducing balance

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 Statement of Income and Retained Earnings, 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.

Auto Logic Limited (Registered number: 01796238)

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

2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 11,712 90,249 101,961
DEPRECIATION
At 1 March 2023 11,666 88,380 100,046
Charge for year 46 280 326
At 29 February 2024 11,712 88,660 100,372
NET BOOK VALUE
At 29 February 2024 - 1,589 1,589
At 28 February 2023 46 1,869 1,915

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 1,521 3,098

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 1,665 -
Trade creditors 2,581 1,582
Tax - 547
Social security and other taxes 91 892
VAT 861 1,746
Other creditors 8,694 6,098
Accruals and deferred income 2,310 1,550
16,202 12,415

Auto Logic Limited (Registered number: 01796238)

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

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
2 Ordinary £1 2 2

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party during the current, and previous, year were the directors Mr & Mrs Hilton by virtue of their joint ownership of all of the issued ordinary share capital of the company.