Registered number
13491211
Logic UPVC Ltd
Filleted Accounts
31 July 2024
Logic UPVC Ltd
Registered number: 13491211
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 76,456 89,325
Current assets
Stocks 10,000 19,995
Debtors 4 71,786 83,141
Cash at bank and in hand 14,027 2,886
95,813 106,022
Creditors: amounts falling due within one year 5 (106,778) (60,401)
Net current (liabilities)/assets (10,965) 45,621
Net assets 65,491 134,946
Capital and reserves
Called up share capital 100 100
Profit and loss account 65,391 134,846
Shareholders' funds 65,491 134,946
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Kaye
Director
Approved by the board on 6 December 2024
Logic UPVC Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 35,610 83,745 119,355
Additions 624 - 624
At 31 July 2024 36,234 83,745 119,979
Depreciation
At 1 August 2023 9,882 20,148 30,030
Charge for the year 3,953 9,540 13,493
At 31 July 2024 13,835 29,688 43,523
Net book value
At 31 July 2024 22,399 54,057 76,456
At 31 July 2023 25,728 63,597 89,325
4 Debtors 2024 2023
£ £
Trade debtors 18,000 24,000
Prepayments 34,141 59,141
Other debtors 19,645 -
71,786 83,141
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 11,833 13,333
Obligations under finance lease and hire purchase contracts 7,773 11,829
Accruals 6,558 6,000
Director's account 36,380 272
PAYE 4,903 -
VAT payable 27,231 28,967
Other creditors 12,100 -
106,778 60,401
6 Other information
Logic UPVC Ltd is a private company limited by shares and incorporated in England. Its registered office is:
47 Market Street
Shaw
Oldham
OL2 8NP
Logic UPVC Ltd 13491211 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts July 2024 J Kaye No description of principal activity 13491211 2022-08-01 2023-07-31 13491211 core:WithinOneYear 2023-07-31 13491211 core:ShareCapital 2023-07-31 13491211 core:RetainedEarningsAccumulatedLosses 2023-07-31 13491211 2023-08-01 2024-07-31 13491211 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13491211 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 13491211 bus:Director40 2023-08-01 2024-07-31 13491211 1 2023-08-01 2024-07-31 13491211 2 2023-08-01 2024-07-31 13491211 core:PlantMachinery 2023-08-01 2024-07-31 13491211 core:Vehicles 2023-08-01 2024-07-31 13491211 countries:England 2023-08-01 2024-07-31 13491211 bus:FRS102 2023-08-01 2024-07-31 13491211 bus:FilletedAccounts 2023-08-01 2024-07-31 13491211 2024-07-31 13491211 core:WithinOneYear 2024-07-31 13491211 core:ShareCapital 2024-07-31 13491211 core:RetainedEarningsAccumulatedLosses 2024-07-31 13491211 core:PlantMachinery 2024-07-31 13491211 core:Vehicles 2024-07-31 13491211 2023-07-31 13491211 core:PlantMachinery 2023-07-31 13491211 core:Vehicles 2023-07-31 iso4217:GBP xbrli:pure