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Company Registration No. 12667621 (England and Wales)
Log 1n Ltd Unaudited accounts for the year ended 30 June 2024
Log 1n Ltd Unaudited accounts Contents
Page
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Log 1n Ltd Company Information for the year ended 30 June 2024
Director
Ondrej Miskanic
Company Number
12667621 (England and Wales)
Registered Office
83 Ducie Street Manchester Lancashire M1 2JQ England
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Log 1n Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,898 
13,881 
Current assets
Inventories
37,418 
42,673 
Debtors
173,547 
189,384 
Cash at bank and in hand
37,424 
39,219 
248,389 
271,276 
Creditors: amounts falling due within one year
(379,132)
(408,325)
Net current liabilities
(130,743)
(137,049)
Net liabilities
(118,845)
(123,168)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(118,846)
(123,169)
Shareholders' funds
(118,845)
(123,168)
For the year ending 30 June 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 director acknowledges his 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 1 July 2024 and were signed on its behalf by
Ondrej Miskanic Director Company Registration No. 12667621
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Log 1n Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Log 1n Ltd is a private company, limited by shares, registered in England and Wales, registration number 12667621. The registered office is 83 Ducie Street, , Manchester, Lancashire, M1 2JQ, 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.
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
10
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2023
19,830 
At 30 June 2024
19,830 
Depreciation
At 1 July 2023
5,949 
Charge for the year
1,983 
At 30 June 2024
7,932 
Net book value
At 30 June 2024
11,898 
At 30 June 2023
13,881 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
173,547 
189,384 
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Log 1n Ltd Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
14,834 
17,328 
Trade creditors
265,849 
270,137 
Taxes and social security
14,208 
16,747 
Other creditors
41,837 
55,226 
Loans from directors
23,470 
26,138 
Accruals
18,934 
22,749 
379,132 
408,325 
7
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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