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REGISTERED NUMBER: 05262183 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

LOGIX SYSTEMS LIMITED

LOGIX SYSTEMS LIMITED (REGISTERED NUMBER: 05262183)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOGIX SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mr P Patel





REGISTERED OFFICE: Solar House
282 Chase Road
Southgate
London
N14 6NZ





REGISTERED NUMBER: 05262183 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

LOGIX SYSTEMS LIMITED (REGISTERED NUMBER: 05262183)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 30 40

CURRENT ASSETS
Debtors 5 70,914 47,727
Cash at bank and in hand 17,983 3,761
88,897 51,488
CREDITORS
Amounts falling due within one year 6 80,019 39,174
NET CURRENT ASSETS 8,878 12,314
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,908

12,354

CREDITORS
Amounts falling due after more than one
year

7

8,103

12,347
NET ASSETS 805 7

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 803 5
SHAREHOLDERS' FUNDS 805 7

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 SYSTEMS LIMITED (REGISTERED NUMBER: 05262183)

BALANCE SHEET - continued
31 OCTOBER 2023


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 director and authorised for issue on 16 May 2025 and were signed by:





Mr P Patel - Director


LOGIX SYSTEMS LIMITED (REGISTERED NUMBER: 05262183)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Logix Systems 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.

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 represents amounts derived from the provision of services to customers during the year, and is recognised at the date the service was provided.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
equipment
£   
COST
At 1 November 2022
and 31 October 2023 2,189
DEPRECIATION
At 1 November 2022 2,149
Charge for year 10
At 31 October 2023 2,159
NET BOOK VALUE
At 31 October 2023 30
At 31 October 2022 40

LOGIX SYSTEMS LIMITED (REGISTERED NUMBER: 05262183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 58,802 27,329
Tax 804 804
Accrued income 11,308 18,494
Prepayments - 1,100
70,914 47,727

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts (see note 8) 4,630 4,630
Trade creditors 20,281 4,486
Tax 34,377 21,239
Social security and other taxes 174 80
VAT 14,716 2,776
Other Creditors 2,226 2,608
Director's current account 64 229
Accruals and deferred income 3,551 3,126
80,019 39,174

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans (see note 8) 8,103 12,347

8. LOANS

An analysis of the maturity of loans is given below:

31.10.23 31.10.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,630 4,630

Amounts falling due between one and two years:
Bank loans - 1-2 years 4,630 4,630

Amounts falling due between two and five years:
Bank loans - 2-5 years 3,473 7,717

LOGIX SYSTEMS LIMITED (REGISTERED NUMBER: 05262183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
2 Ordinary £1 2 2