REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2025 |
FOR |
LOGIKAL OUTSOURCING LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2025 |
FOR |
LOGIKAL OUTSOURCING LIMITED |
LOGIKAL OUTSOURCING LIMITED (REGISTERED NUMBER: 09997713) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2025 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
LOGIKAL OUTSOURCING LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2025 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
1 Langley Court |
Pyle Street |
Newport |
Isle of Wight |
PO30 1LA |
LOGIKAL OUTSOURCING LIMITED (REGISTERED NUMBER: 09997713) |
BALANCE SHEET |
31 MARCH 2025 |
2025 | 2024 |
Notes | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges her 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. |
The financial statements were approved by the director and authorised for issue on |
LOGIKAL OUTSOURCING LIMITED (REGISTERED NUMBER: 09997713) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2025 |
1. | STATUTORY INFORMATION |
Logikal Outsourcing 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 |
Fixtures and fittings | - |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1 April 2024 |
Additions |
At 31 March 2025 |
DEPRECIATION |
Charge for year |
At 31 March 2025 |
NET BOOK VALUE |
At 31 March 2025 |
At 31 March 2024 |
LOGIKAL OUTSOURCING LIMITED (REGISTERED NUMBER: 09997713) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2025 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 | 2024 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Prepayments |
Amounts owed by group companies consist of amounts due from Logikal Solutions India Pvt. Limited of £Nil (2024: £4,747) and from Logikal Group Limited of £Nil (2024: £33,371). Both of these companies are under the common control of the directors. |
Trade debtors includes an amount of £6,366 (2024: £5,238) due from Mackenzies Accountants Limited, a company in which Venetia Smith is a director. |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2025 | 2024 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Tax |
Social security and other taxes |
VAT | 12,688 | 11,372 |
Other creditors |
Directors' current accounts | 924 | 462 |
Amounts owed to group companies consist of £5,634 (2024: £Nil) due to Logikal Solutions India Pvt. Ltd. |
Other creditors relates to pension contributions payable of £Nil (2024: £115). |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2025 | 2024 |
value: | £ | £ |
Ordinary | £1 | 80 | 20 |
Ordinary A | £1 | 9 | 9 |
Ordinary B | £1 | 9 | 9 |
Ordinary C | £1 | 2 | 2 |
100 | 40 |
The following shares were issued during the year for cash at par : |
60 Ordinary shares of £1 |
LOGIKAL OUTSOURCING LIMITED (REGISTERED NUMBER: 09997713) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2025 |
8. | RELATED PARTY DISCLOSURES |
The company provided professional services to Mainstream Training Limited, Mainstream Fleet Services Limited, Mainstream Catering Limited, Mainstream Group Limited, Ascentrix Limited, Venrec Group Limited, Logikal Solution India Pvt. Limited and Logikal Group Limited, companies in which Venetia Smith acts as director and has either a direct or indirect interest in the share capital. All fees charged to these companies were at open market values. |
The company also provided professional services to Mackenzies Accountants Limited a company in which Venetia Smith acts as director and in which she held an interest in the share capital until 31st May 2024. All fees charged were at open market values. |
At the year end the following balances were owed: |
£5,634 owed to Logikal Solutions India Pvt Ltd (2024: £4,747 owed by Logikal Solutions India Pvt Ltd) |
£Nil (2024: £33,371) owed by Logikal Group Limited |
£6,366 (2024: £5,238) owed by Mackenzies Accountants Limited |
During the year the company paid rent of £14,400 (2024: £14,400) to Logikal Group Limited and a rent of £2,910 (2024: £5,820) to Mackenzies Accountants Limited. The company also paid £Nil (2024: £8,011) for IT support to Mackenzies Accountants Limited. All transactions were at open market value on commercial terms. |
9. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is Mrs Venetia Anne Smith. |