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REGISTERED NUMBER: 06924189 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Logix Instore Ltd

Logix Instore Ltd (Registered number: 06924189)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Logix Instore Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: P A Tymkow
P D Barlow





REGISTERED OFFICE: Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW





REGISTERED NUMBER: 06924189 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Logix Instore Ltd (Registered number: 06924189)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 39,452 953

CURRENT ASSETS
Debtors 5 256,393 274,650
Cash at bank 267,951 23,037
524,344 297,687
CREDITORS
Amounts falling due within one year 6 (423,827 ) (248,795 )
NET CURRENT ASSETS 100,517 48,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,969

49,845

CREDITORS
Amounts falling due after more than one
year

7

(20,941

)

(2,500

)

PROVISIONS FOR LIABILITIES (1,707 ) (238 )
NET ASSETS 117,321 47,107

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 117,221 47,007
SHAREHOLDERS' FUNDS 117,321 47,107

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Logix Instore Ltd (Registered number: 06924189)

Balance Sheet - continued
31 August 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:





P A Tymkow - Director


Logix Instore Ltd (Registered number: 06924189)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Logix Instore Ltd 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 4 (2023 - 4 ) .

Logix Instore Ltd (Registered number: 06924189)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 - 1,534 1,534
Additions 39,787 - 39,787
At 31 August 2024 39,787 1,534 41,321
DEPRECIATION
At 1 September 2023 - 581 581
Charge for year 842 446 1,288
At 31 August 2024 842 1,027 1,869
NET BOOK VALUE
At 31 August 2024 38,945 507 39,452
At 31 August 2023 - 953 953

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 161,220 175,848
Other debtors 95,173 98,802
256,393 274,650

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 2,500 10,000
Hire purchase contracts 8,846 -
Trade creditors 203,211 87,256
Taxation and social security 56,848 6,035
Other creditors 152,422 145,504
423,827 248,795

Other creditors include £3,875 of accruals and deferred income (2023 £3,875).

Logix Instore Ltd (Registered number: 06924189)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans - 2,500
Hire purchase contracts 20,941 -
20,941 2,500

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Hire purchase contracts 29,787 -

Hire purchase liabilities are secured on the individual assets being so acquired.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
P A Tymkow
Balance outstanding at start of year - 22,534
Amounts advanced 2,865 2,636
Amounts repaid (2,865 ) (25,170 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

P D Barlow
Balance outstanding at start of year - 20,393
Amounts advanced 8,592 6,598
Amounts repaid (8,592 ) (26,991 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Interest has been charged at HMRC's official rate and the loans are repayable on demand.