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Company Registration No. 07685378 (England and Wales)
Tech Logic Consulting Limited Unaudited accounts for the year ended 30 June 2024
Tech Logic Consulting Limited Unaudited accounts Contents
Page
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Tech Logic Consulting Limited Company Information for the year ended 30 June 2024
Director
T.Ishola
Company Number
07685378 (England and Wales)
Registered Office
103 High Street Waltham Cross Herts EN8 7AN
Accountants
Brindley Goldstein Ltd 103 High Street Waltham Cross EN8 7AN
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Tech Logic Consulting Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,899 
20,692 
Current assets
Cash at bank and in hand
12,050 
8,736 
Creditors: amounts falling due within one year
(31,280)
(27,990)
Net current liabilities
(19,230)
(19,254)
Total assets less current liabilities
669 
1,438 
Creditors: amounts falling due after more than one year
(6,650)
(12,626)
Net liabilities
(5,981)
(11,188)
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
(6,181)
(11,388)
Shareholders' funds
(5,981)
(11,188)
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 20 February 2025 and were signed on its behalf by
T.Ishola Director Company Registration No. 07685378
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Tech Logic Consulting Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Tech Logic Consulting Limited is a private company, limited by shares, registered in England and Wales, registration number 07685378. The registered office is 103 High Street, Waltham Cross, Herts, EN8 7AN.
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.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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:
Fixtures & fittings
10% straight line
Computer equipment
33 1/3% straight line
Going concern
The director, having considered the net liability position of the company and made due enquiries, continues to adopt the going concern basis in preparing the financial statements as he will support the company and believes the company will continue in operation for the foreseeable future.
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Tech Logic Consulting Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
25,380 
11,810 
37,190 
Additions
- 
4,214 
4,214 
Disposals
- 
(5,374)
(5,374)
At 30 June 2024
25,380 
10,650 
36,030 
Depreciation
At 1 July 2023
6,222 
10,276 
16,498 
Charge for the year
2,538 
2,462 
5,000 
On disposals
- 
(5,367)
(5,367)
At 30 June 2024
8,760 
7,371 
16,131 
Net book value
At 30 June 2024
16,620 
3,279 
19,899 
At 30 June 2023
19,158 
1,534 
20,692 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,975 
6,975 
VAT
8,180 
7,520 
Taxes and social security
14,893 
12,773 
Loans from directors
1,232 
722 
31,280 
27,990 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,650 
12,626 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary A shares of £1 each
100 
100 
100 Ordinary B shares of £1 each
100 
100 
200 
200 
8
Transactions with related parties
The company was under the control of Mr T. Ishola throughout the current year. Mr T. Ishola is personally interested in 100 Ordinary A shares, in addition, his wife Mrs A. Ishola is personally interested in 100 Ordinary B shares. Mr T. Ishola received a dividend from the company during the year of £36,750 (2023: £36,750) and his wife, Mrs A. Ishola received a dividend from the company during the year of £8,500 (2023: £12,250).
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Tech Logic Consulting Limited Notes to the Accounts for the year ended 30 June 2024
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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