REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2025 |
FOR |
LOGIKAL GROUP LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2025 |
FOR |
LOGIKAL GROUP LIMITED |
LOGIKAL GROUP LIMITED (REGISTERED NUMBER: 05485211) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2025 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
LOGIKAL GROUP LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2025 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
1 Langley Court |
Pyle Street |
Newport |
Isle of Wight |
PO30 1LA |
LOGIKAL GROUP LIMITED (REGISTERED NUMBER: 05485211) |
BALANCE SHEET |
31 MARCH 2025 |
2025 | 2024 |
Notes | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Revaluation reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
LOGIKAL GROUP LIMITED (REGISTERED NUMBER: 05485211) |
BALANCE SHEET - continued |
31 MARCH 2025 |
The financial statements were approved by the Board of Directors and authorised for issue on |
LOGIKAL GROUP LIMITED (REGISTERED NUMBER: 05485211) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2025 |
1. | STATUTORY INFORMATION |
Logikal Group Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Improvements to property | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Freehold | Improvements |
property | to property | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 April 2024 |
and 31 March 2025 |
DEPRECIATION |
At 1 April 2024 |
Charge for year |
At 31 March 2025 |
NET BOOK VALUE |
At 31 March 2025 |
At 31 March 2024 |
LOGIKAL GROUP LIMITED (REGISTERED NUMBER: 05485211) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2025 |
4. | TANGIBLE FIXED ASSETS - continued |
Cost or valuation at 31 March 2025 is represented by: |
Freehold | Improvements |
property | to property | Totals |
£ | £ | £ |
Valuation in 2020 | 11,709 | - | 11,709 |
Cost | 643,364 | 121,890 | 765,254 |
655,073 | 121,890 | 776,963 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 April 2024 |
Additions |
Disposals | ( |
) |
At 31 March 2025 |
NET BOOK VALUE |
At 31 March 2025 |
At 31 March 2024 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: India |
Nature of business: |
% |
Class of shares: | holding |
2025 | 2024 |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
LOGIKAL GROUP LIMITED (REGISTERED NUMBER: 05485211) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2025 |
5. | FIXED ASSET INVESTMENTS - continued |
Registered office: England and Wales |
Nature of business: |
% |
Class of shares: | holding |
£ | £ |
Aggregate capital and reserves |
Registered office: England and Wales |
Nature of business: |
% |
Class of shares: | holding |
£ | £ |
Aggregate capital and reserves |
Profit for the period/year |
Registered office: England and Wales |
Nature of business: |
% |
Class of shares: | holding |
2025 | 2024 |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
Registered office: England and Wales |
Nature of business: |
% |
Class of shares: | holding |
2025 | 2024 |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
LOGIKAL GROUP LIMITED (REGISTERED NUMBER: 05485211) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2025 |
5. | FIXED ASSET INVESTMENTS - continued |
Registered office: England and Wales |
Nature of business: |
% |
Class of shares: | holding |
2025 | 2024 |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
Registered office: England and Wales |
Nature of business: |
% |
Class of shares: | holding |
2025 | 2024 |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
Registered office: England and Wales |
Nature of business: |
% |
Class of shares: | holding |
2025 | 2024 |
£ | £ |
Aggregate capital and reserves |
(Loss)/profit for the year | ( |
) |
The company has subscribed for shares in the following trading companies; |
Ascentrix Limited £440,046 (holding company of Mainstream Group Ltd - training and recruitment business) |
Logikal Solutions India Pvt. Ltd £140 (accountancy services business) |
Venrec Group Limited £40 (recruitment agency) |
Venrec Recruitment (North) Limited £60 (recruitment agency) |
Logikal Outsourcing Limited £10 (accountancy services business) |
Mainstream Fleet Services Limited £22 (temporary staff agencies supply) |
Mainstream Catering Limited £3 (Catering services - ceased trading November 2024) |
In addition it has subscribed to shares in the following non-trading companies; |
Easy Money Limited £1 |
LOGIKAL GROUP LIMITED (REGISTERED NUMBER: 05485211) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2025 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 | 2024 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Prepayments and accrued income |
Amounts owed by group companies relates to an amount due from Logikal Solutions India Private Limited of £5,744 (2024: £5,744) |
Other debtors £100 (2024: 36,093); consists of a deposit held by Aquaid of £100 (2024: £100), an amount owed by a third party of £Nil (2024: £5,803) and accrued interest receivable of £Nil (2024: £190) |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 | 2024 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Tax |
Social security and other taxes |
VAT | 3,533 | 313 |
Other creditors |
Directors' current accounts | 255 | - |
Amounts owed to group companies consist of an amount due to Logikal Outsourcing Limited of £Nil (2024: £33,371) and Venrec Group Limited of £Nil (2024: £20,000) |
Other creditors consists of rent deposits held. |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2025 | 2024 |
value: | £ | £ |
Ordinary | £1 | 222 | 222 |
Ordinary A | £1 | 89 | 89 |
Ordinary B | £1 | 89 | 89 |
400 | 400 |
9. | RELATED PARTY DISCLOSURES |
The company's freehold properties are let commercially to group companies on usual commercial terms. |
LOGIKAL GROUP LIMITED (REGISTERED NUMBER: 05485211) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2025 |
10. | ULTIMATE CONTROLLING PARTY |
No individual is the ultimate controlling party, the directors, each hold 50% of the issued share capital. |