Company registration number 07974133 (England and Wales)
LOJIKAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
LOJIKAL LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
LOJIKAL LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
40,375
61,269
Current assets
Debtors
5
31,651
31,344
Cash at bank and in hand
22,444
72
54,095
31,416
Creditors: amounts falling due within one year
6
(140,157)
(158,362)
Net current liabilities
(86,062)
(126,946)
Total assets less current liabilities
(45,687)
(65,677)
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(45,787)
(65,777)
Total equity
(45,687)
(65,677)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 3 March 2025 and are signed on its behalf by:
Mrs G Rogers
Director
Company Registration No. 07974133
LOJIKAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information

LojikAL Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 23 Abenbury Way, Wrexham Industrial Estate, Wrexham, LL13 9UZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The financial statements have been prepared on a going concern basis. The Directors have assessed the company's ability to continue as a going concern, considering the financial position and ongoing support provided by Almetron Limited, a company which has the same directors and shareholders as Lojikal Limited.true

1.3
Turnover

The turnover shown in the profit and loss account represents the invoice value of storage services, net of value added tax.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10% straight line
Plant and machinery
25% reducing balance/ 20% & 50% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Leases

Rentals applicable to operating leases where substantially all of the benefit and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

LOJIKAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees
2024
2023
Number
Number
Total
-
0
-
0
4
Tangible fixed assets
Leasehold improvements
Plant and machinery
Total
£
£
£
Cost
At 1 October 2023
2,765
129,039
131,804
Additions
3,850
65,361
69,211
Disposals
-
0
(114,323)
(114,323)
At 30 September 2024
6,615
80,077
86,692
Depreciation and impairment
At 1 October 2023
2,166
68,369
70,535
Depreciation charged in the year
533
89,572
90,105
Eliminated in respect of disposals
-
0
(114,323)
(114,323)
At 30 September 2024
2,699
43,618
46,317
Carrying amount
At 30 September 2024
3,916
36,459
40,375
At 30 September 2023
600
60,669
61,269
LOJIKAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
651
Other debtors
7,500
7,500
Prepayments and accrued income
24,151
23,193
31,651
31,344
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
29,652
30,599
Other taxation and social security
3,402
3,181
Other creditors
107,103
124,582
140,157
158,362

 

7
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary of £1 each
100
100
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
67,845
124,669

The lease commitments predominantly relate to rent, insurance and service charge of business premises.

9
Related party transactions

At 30 September 2024, £105,218 (2023 - £122,405) was owed to Almetron Limited, a company which has the same directors and shareholders as Lojikal Limited. No interest is charged on this balance and it is repayable on demand.

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