Logical Aspects Limited 05023940 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is Letting of property Digita Accounts Production Advanced 6.30.9574.0 true 05023940 2024-01-01 2024-12-31 05023940 2024-12-31 05023940 core:OtherReservesSubtotal 2024-12-31 05023940 core:RetainedEarningsAccumulatedLosses 2024-12-31 05023940 core:ShareCapital 2024-12-31 05023940 core:CurrentFinancialInstruments 2024-12-31 05023940 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 05023940 core:FurnitureFittingsToolsEquipment 2024-12-31 05023940 bus:SmallEntities 2024-01-01 2024-12-31 05023940 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 05023940 bus:FilletedAccounts 2024-01-01 2024-12-31 05023940 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05023940 bus:RegisteredOffice 2024-01-01 2024-12-31 05023940 bus:CompanySecretary1 2024-01-01 2024-12-31 05023940 bus:Director2 2024-01-01 2024-12-31 05023940 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05023940 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 05023940 countries:AllCountries 2024-01-01 2024-12-31 05023940 2023-12-31 05023940 2023-01-01 2023-12-31 05023940 2023-12-31 05023940 core:OtherReservesSubtotal 2023-12-31 05023940 core:RetainedEarningsAccumulatedLosses 2023-12-31 05023940 core:ShareCapital 2023-12-31 05023940 core:CurrentFinancialInstruments 2023-12-31 05023940 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 05023940

Logical Aspects Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Logical Aspects Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Logical Aspects Limited

Company Information

Director

KA Armstrong

Company secretary

LP Armstrong

Registered office

Deep Dale House
2 Vicarage Lane
North Newbald
East Yorkshire
YO43 4RR

 

Logical Aspects Limited

(Registration number: 05023940)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,251

-

Investment property

5

870,610

670,000

 

872,861

670,000

Current assets

 

Debtors

6

392

-

Cash at bank and in hand

 

376,291

542,840

 

376,683

542,840

Creditors: Amounts falling due within one year

7

(11,385)

(9,216)

Net current assets

 

365,298

533,624

Total assets less current liabilities

 

1,238,159

1,203,624

Provisions for liabilities

(428)

-

Net assets

 

1,237,731

1,203,624

Capital and reserves

 

Called up share capital

2

2

Other reserves

248,851

248,851

Retained earnings

988,878

954,771

Shareholders' funds

 

1,237,731

1,203,624

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Logical Aspects Limited

(Registration number: 05023940)
Balance Sheet as at 31 December 2024

Approved and authorised by the director on 12 May 2025
 

.........................................
KA Armstrong
Director

 

Logical Aspects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital incorporated in England & Wales and the company registration number is 05023940.

The address of its registered office is:
Deep Dale House
2 Vicarage Lane
North Newbald
East Yorkshire
YO43 4RR

These financial statements were authorised for issue by the director on 12 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of buildings in the ordinary course of the Company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Logical Aspects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 2 (2023 - 2).

 

Logical Aspects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

2,501

2,501

At 31 December 2024

2,501

2,501

Depreciation

Charge for the year

250

250

At 31 December 2024

250

250

Carrying amount

At 31 December 2024

2,251

2,251

5

Investment properties

2024
£

At 1 January

670,000

Additions

200,610

At 31 December

870,610

Investment property was deemed to be valued at fair value by the Directors at the balance sheet date.

There has been no valuation of investment property by an independent valuer.

6

Debtors

2024
£

2023
£

Prepayments

392

-

392

-

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

8,676

6,511

Accruals and deferred income

2,709

2,705

11,385

9,216