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REGISTERED NUMBER: 03159741 (England and Wales)















Financial Statements For The Year Ended 31 July 2024

for

P.E. Logan Limited

P.E. Logan Limited (Registered number: 03159741)






Contents of the Financial Statements
For The Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


P.E. Logan Limited

Company Information
For The Year Ended 31 July 2024







DIRECTORS: D J Logan
P E Logan





REGISTERED OFFICE: 465 New Cross Road
London
SE14 6TA





REGISTERED NUMBER: 03159741 (England and Wales)





ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

P.E. Logan Limited (Registered number: 03159741)

Statement of Financial Position
31 July 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 3,300 3,713
Tangible assets 5 648,284 647,521
651,584 651,234

CURRENT ASSETS
Stocks 77,267 68,686
Debtors 6 357,673 899,597
Cash at bank and in hand 711,536 172,676
1,146,476 1,140,959
CREDITORS
Amounts falling due within one year 7 298,781 296,935
NET CURRENT ASSETS 847,695 844,024
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,499,279

1,495,258

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 1,499,269 1,495,248
1,499,279 1,495,258

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

P.E. Logan Limited (Registered number: 03159741)

Statement of Financial Position - continued
31 July 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2025 and were signed on its behalf by:





D J Logan - Director


P.E. Logan Limited (Registered number: 03159741)

Notes to the Financial Statements
For The Year Ended 31 July 2024

1. STATUTORY INFORMATION

P.E. Logan Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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:

Freehold land and buildings Not depreciated
Fixtures and fittings 25% Reducing balance
Motor vehicles 25% Reducing balance
Building adaptations 10% Straight line
Plant and machinery 25% Reducing balance

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


P.E. Logan Limited (Registered number: 03159741)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£
COST
At 1 August 2023
and 31 July 2024 4,126
AMORTISATION
At 1 August 2023 413
Amortisation for year 413
At 31 July 2024 826
NET BOOK VALUE
At 31 July 2024 3,300
At 31 July 2023 3,713

P.E. Logan Limited (Registered number: 03159741)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Fixed plant
Freehold Building and
property adaptations equipment
£ £ £
COST
At 1 August 2023 636,385 56,253 -
Additions - - 1,095
At 31 July 2024 636,385 56,253 1,095
DEPRECIATION
At 1 August 2023 - 56,253 -
Charge for year - - 91
At 31 July 2024 - 56,253 91
NET BOOK VALUE
At 31 July 2024 636,385 - 1,004
At 31 July 2023 636,385 - -

Fixtures
and Motor Office
fittings vehicles equipment Totals
£ £ £ £
COST
At 1 August 2023 150,609 18,056 - 861,303
Additions - - 2,839 3,934
At 31 July 2024 150,609 18,056 2,839 865,237
DEPRECIATION
At 1 August 2023 145,503 12,026 - 213,782
Charge for year 1,277 1,508 295 3,171
At 31 July 2024 146,780 13,534 295 216,953
NET BOOK VALUE
At 31 July 2024 3,829 4,522 2,544 648,284
At 31 July 2023 5,106 6,030 - 647,521

P.E. Logan Limited (Registered number: 03159741)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 307,620 421,792
Tax 2,824 -
VAT 43,255 475,631
Prepayments 3,974 2,174
357,673 899,597

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 215,447 184,321
Tax - 15,214
Social security and other taxes 17,579 18,154
Other creditors 5,346 19,227
Directors' current accounts 54,851 55,235
Accrued expenses 5,558 4,784
298,781 296,935