2023-09-132024-09-302024-09-30false15137143LOGIX BPO LTD2025-04-03falseiso4217:GBPxbrli:pure151371432023-09-13151371432024-09-30151371432023-09-132024-09-30151371432023-09-12151371432023-09-12151371432023-09-122023-09-1215137143bus:SmallEntities2023-09-132024-09-3015137143bus:AuditExempt-NoAccountantsReport2023-09-132024-09-3015137143bus:FullAccounts2023-09-132024-09-3015137143bus:PrivateLimitedCompanyLtd2023-09-132024-09-3015137143core:WithinOneYear2024-09-3015137143core:AfterOneYear2024-09-3015137143core:WithinOneYear2023-09-1215137143core:AfterOneYear2023-09-1215137143core:ShareCapital2024-09-3015137143core:SharePremium2024-09-3015137143core:RevaluationReserve2024-09-3015137143core:OtherReservesSubtotal2024-09-3015137143core:RetainedEarningsAccumulatedLosses2024-09-3015137143core:ShareCapital2023-09-1215137143core:SharePremium2023-09-1215137143core:RevaluationReserve2023-09-1215137143core:OtherReservesSubtotal2023-09-1215137143core:RetainedEarningsAccumulatedLosses2023-09-1215137143core:LandBuildings2024-09-3015137143core:PlantMachinery2024-09-3015137143core:Vehicles2024-09-3015137143core:FurnitureFittings2024-09-3015137143core:OfficeEquipment2024-09-3015137143core:NetGoodwill2024-09-3015137143core:IntangibleAssetsOtherThanGoodwill2024-09-3015137143core:ListedExchangeTraded2024-09-3015137143core:UnlistedNon-exchangeTraded2024-09-3015137143core:LandBuildings2023-09-1215137143core:PlantMachinery2023-09-1215137143core:Vehicles2023-09-1215137143core:FurnitureFittings2023-09-1215137143core:OfficeEquipment2023-09-1215137143core:NetGoodwill2023-09-1215137143core:IntangibleAssetsOtherThanGoodwill2023-09-1215137143core:ListedExchangeTraded2023-09-1215137143core:UnlistedNon-exchangeTraded2023-09-1215137143core:LandBuildings2023-09-132024-09-3015137143core:PlantMachinery2023-09-132024-09-3015137143core:Vehicles2023-09-132024-09-3015137143core:FurnitureFittings2023-09-132024-09-3015137143core:OfficeEquipment2023-09-132024-09-3015137143core:NetGoodwill2023-09-132024-09-3015137143core:IntangibleAssetsOtherThanGoodwill2023-09-132024-09-3015137143core:ListedExchangeTraded2023-09-132024-09-3015137143core:UnlistedNon-exchangeTraded2023-09-132024-09-3015137143core:MoreThanFiveYears2023-09-132024-09-3015137143core:Non-currentFinancialInstruments2024-09-3015137143core:Non-currentFinancialInstruments2023-09-1215137143dpl:CostSales2023-09-132024-09-3015137143dpl:DistributionCosts2023-09-132024-09-3015137143core:LandBuildings2023-09-132024-09-3015137143core:PlantMachinery2023-09-132024-09-3015137143core:Vehicles2023-09-132024-09-3015137143core:FurnitureFittings2023-09-132024-09-3015137143core:OfficeEquipment2023-09-132024-09-3015137143dpl:AdministrativeExpenses2023-09-132024-09-3015137143core:NetGoodwill2023-09-132024-09-3015137143core:IntangibleAssetsOtherThanGoodwill2023-09-132024-09-3015137143dpl:GroupUndertakings2023-09-132024-09-3015137143dpl:ParticipatingInterests2023-09-132024-09-3015137143dpl:GroupUndertakingscore:ListedExchangeTraded2023-09-132024-09-3015137143core:ListedExchangeTraded2023-09-132024-09-3015137143dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-09-132024-09-3015137143core:UnlistedNon-exchangeTraded2023-09-132024-09-3015137143dpl:CostSales2023-09-122023-09-1215137143dpl:DistributionCosts2023-09-122023-09-1215137143core:LandBuildings2023-09-122023-09-1215137143core:PlantMachinery2023-09-122023-09-1215137143core:Vehicles2023-09-122023-09-1215137143core:FurnitureFittings2023-09-122023-09-1215137143core:OfficeEquipment2023-09-122023-09-1215137143dpl:AdministrativeExpenses2023-09-122023-09-1215137143core:NetGoodwill2023-09-122023-09-1215137143core:IntangibleAssetsOtherThanGoodwill2023-09-122023-09-1215137143dpl:GroupUndertakings2023-09-122023-09-1215137143dpl:ParticipatingInterests2023-09-122023-09-1215137143dpl:GroupUndertakingscore:ListedExchangeTraded2023-09-122023-09-1215137143core:ListedExchangeTraded2023-09-122023-09-1215137143dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-09-122023-09-1215137143core:UnlistedNon-exchangeTraded2023-09-122023-09-1215137143core:NetGoodwill2024-09-3015137143core:IntangibleAssetsOtherThanGoodwill2024-09-3015137143core:LandBuildings2024-09-3015137143core:PlantMachinery2024-09-3015137143core:Vehicles2024-09-3015137143core:FurnitureFittings2024-09-3015137143core:OfficeEquipment2024-09-3015137143core:AfterOneYear2024-09-3015137143core:WithinOneYear2024-09-3015137143core:ListedExchangeTraded2024-09-3015137143core:UnlistedNon-exchangeTraded2024-09-3015137143core:ShareCapital2024-09-3015137143core:SharePremium2024-09-3015137143core:RevaluationReserve2024-09-3015137143core:OtherReservesSubtotal2024-09-3015137143core:RetainedEarningsAccumulatedLosses2024-09-3015137143core:NetGoodwill2023-09-1215137143core:IntangibleAssetsOtherThanGoodwill2023-09-1215137143core:LandBuildings2023-09-1215137143core:PlantMachinery2023-09-1215137143core:Vehicles2023-09-1215137143core:FurnitureFittings2023-09-1215137143core:OfficeEquipment2023-09-1215137143core:AfterOneYear2023-09-1215137143core:WithinOneYear2023-09-1215137143core:ListedExchangeTraded2023-09-1215137143core:UnlistedNon-exchangeTraded2023-09-1215137143core:ShareCapital2023-09-1215137143core:SharePremium2023-09-1215137143core:RevaluationReserve2023-09-1215137143core:OtherReservesSubtotal2023-09-1215137143core:RetainedEarningsAccumulatedLosses2023-09-1215137143core:NetGoodwill2023-09-1215137143core:IntangibleAssetsOtherThanGoodwill2023-09-1215137143core:LandBuildings2023-09-1215137143core:PlantMachinery2023-09-1215137143core:Vehicles2023-09-1215137143core:FurnitureFittings2023-09-1215137143core:OfficeEquipment2023-09-1215137143core:AfterOneYear2023-09-1215137143core:WithinOneYear2023-09-1215137143core:ListedExchangeTraded2023-09-1215137143core:UnlistedNon-exchangeTraded2023-09-1215137143core:ShareCapital2023-09-1215137143core:SharePremium2023-09-1215137143core:RevaluationReserve2023-09-1215137143core:OtherReservesSubtotal2023-09-1215137143core:RetainedEarningsAccumulatedLosses2023-09-1215137143core:AfterOneYear2023-09-132024-09-3015137143core:WithinOneYear2023-09-132024-09-3015137143core:Non-currentFinancialInstrumentscore:CostValuation2023-09-132024-09-3015137143core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-09-132024-09-3015137143core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-09-132024-09-3015137143core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-09-132024-09-3015137143core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-09-132024-09-3015137143core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-09-132024-09-3015137143core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-09-132024-09-3015137143core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-09-132024-09-3015137143core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-09-132024-09-3015137143core:Non-currentFinancialInstrumentscore:CostValuation2024-09-3015137143core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-09-3015137143core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-09-3015137143core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-09-3015137143core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-09-3015137143core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-09-3015137143core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-09-3015137143core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-09-3015137143core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-09-3015137143core:Non-currentFinancialInstrumentscore:CostValuation2023-09-1215137143core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-09-1215137143core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-09-1215137143core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-09-1215137143core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-09-1215137143core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-09-1215137143core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-09-1215137143core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-09-1215137143core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-09-1215137143bus:Director12023-09-132024-09-3015137143core:FurnitureFittingsToolsEquipment2023-09-132024-09-3015137143core:FurnitureFittingsToolsEquipment2024-09-3015137143core:FurnitureFittingsToolsEquipment2023-09-12

LOGIX BPO LTD

Registered Number
15137143
(England and Wales)

Unaudited Financial Statements for the Period ended
30 September 2024

LOGIX BPO LTD
Company Information
for the period from 13 September 2023 to 30 September 2024

Director

GODLEY, Anthony

Registered Address

6 Edison Village
Nottingham Science & Technology Park
Nottingham
NG7 2RF

Registered Number

15137143 (England and Wales)
LOGIX BPO LTD
Balance Sheet as at
30 September 2024

Notes

2024

£

£

Fixed assets
Intangible assets35,400
Tangible assets4112,367
117,767
Current assets
Stocks528,215
Debtors6192,745
Cash at bank and on hand3,959
224,919
Creditors amounts falling due within one year7(341,616)
Net current assets (liabilities)(116,697)
Total assets less current liabilities1,070
Provisions for liabilities8(737)
Net assets333
Capital and reserves
Called up share capital100
Profit and loss account233
Shareholders' funds333
The financial statements were approved and authorised for issue by the Director on 3 April 2025, and are signed on its behalf by:
GODLEY, Anthony
Director
Registered Company No. 15137143
LOGIX BPO LTD
Notes to the Financial Statements
for the period ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Interest income
Interest income is recognised using the effective interest rate method.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Fixtures and fittings25-
Office Equipment-3
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other 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.
Trade and other 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.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

2024
Average number of employees during the year2
3.Intangible assets

Goodwill

Total

££
Cost or valuation
Additions6,0006,000
At 30 September 246,0006,000
Amortisation and impairment
Charge for year600600
At 30 September 24600600
Net book value
At 30 September 245,4005,400
At 12 September 23--
4.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
Additions4,515161,197165,712
At 30 September 244,515161,197165,712
Depreciation and impairment
Charge for year1,07652,26953,345
At 30 September 241,07652,26953,345
Net book value
At 30 September 243,439108,928112,367
At 12 September 23---
5.Stocks

2024

£
Other stocks28,215
Total28,215
6.Debtors: amounts due within one year

2024

£
Trade debtors / trade receivables188,145
Other debtors4,600
Total192,745
7.Creditors: amounts due within one year

2024

£
Trade creditors / trade payables49,900
Amounts owed to related parties83,800
Taxation and social security30,326
Other creditors560
Accrued liabilities and deferred income177,030
Total341,616
8.Provisions for liabilities

2024

£
Net deferred tax liability (asset)737
Total737
9.Related party transactions
During the year interest free loans were made available to the business by directors of £67,718. There were also interest free loans from associated companies totalling £16,082 at the year end.