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
Tech Logic Consulting Limited
Company Information
for the year ended 30 June 2024
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
Tech Logic Consulting Limited
Statement of financial position
as at 30 June 2024
Tangible assets
19,899
20,692
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)
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
Tech Logic Consulting Limited
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
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
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.
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
Disposals
-
(5,374)
(5,374)
At 30 June 2024
25,380
10,650
36,030
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
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
Taxes and social security
14,893
12,773
Loans from directors
1,232
722
6
Creditors: amounts falling due after more than one year
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
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).
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).