Company Registration No. 1514958 (England and Wales)
Logic Programming Associates Limited
Unaudited accounts
for the year ended 31 May 2024
Logic Programming Associates Limited
Unaudited accounts
Contents
Logic Programming Associates Limited
Company Information
for the year ended 31 May 2024
Directors
SPENSER, Clive
STEEL, Brian David
Company Number
1514958 (England and Wales)
Registered Office
Archimedia Accountancy Services
6 Edison Village
Nottingham Science & Technology Park
Nottingham
Nottinghamshire
NG7 2RF
England
Accountants
Archimedia Accounts
6 Edison Village
Nottingham Science & Technology Park
Nottingham
Nottinghamshire
NG72RF
Logic Programming Associates Limited
Statement of financial position
as at 31 May 2024
Tangible assets
2,170
2,893
Cash at bank and in hand
7,817
19,238
Creditors: amounts falling due within one year
(12,811)
(17,857)
Net current (liabilities)/assets
(4,903)
7,160
Total assets less current liabilities
(2,733)
10,053
Creditors: amounts falling due after more than one year
(5,649)
(6,000)
Net (liabilities)/assets
(8,382)
4,053
Called up share capital
22,340
22,340
Share premium
35,660
35,660
Profit and loss account
(66,382)
(53,947)
Shareholders' funds
(8,382)
4,053
For the year ending 31 May 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by
SPENSER, Clive
Director
Company Registration No. 1514958
Logic Programming Associates Limited
Notes to the Accounts
for the year ended 31 May 2024
Logic Programming Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 1514958. The registered office is Archimedia Accountancy Services, 6 Edison Village, Nottingham Science & Technology Park, Nottingham, Nottinghamshire, NG7 2RF, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Logic Programming Associates Limited
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Accrued income and prepayments
91
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,130
3,000
Taxes and social security
586
1,025
Loans from directors
10,342
10,342
7
Creditors: amounts falling due after more than one year
2024
2023
8
Transactions with related parties
During the year interest free loans were made available to the business by directors of £10,342 (2023: £10,342)
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).