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REGISTERED NUMBER: 06337526 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Pro Logic Control & Drives Company Ltd

Pro Logic Control & Drives Company Ltd (Registered number: 06337526)






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


Pro Logic Control & Drives Company Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: D I Holgate
S Parker





SECRETARY: D I Holgate





REGISTERED OFFICE: England House
The Sidings
Whalley
Lancashire
BB7 9SE





REGISTERED NUMBER: 06337526 (England and Wales)





ACCOUNTANTS: Xeinadin
Ground Floor
Citygate
Longridge Road
Preston
Lancashire
PR2 5BQ

Pro Logic Control & Drives Company Ltd (Registered number: 06337526)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 8,581 13,875

CURRENT ASSETS
Debtors 5 21,656 59,075
Cash at bank and in hand 450,710 417,289
472,366 476,364
CREDITORS
Amounts falling due within one year 6 88,604 151,486
NET CURRENT ASSETS 383,762 324,878
TOTAL ASSETS LESS CURRENT
LIABILITIES

392,343

338,753

PROVISIONS FOR LIABILITIES 1,213 2,843
NET ASSETS 391,130 335,910

CAPITAL AND RESERVES
Called up share capital 7 150 150
Retained earnings 8 390,980 335,760
SHAREHOLDERS' FUNDS 391,130 335,910

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.

Pro Logic Control & Drives Company Ltd (Registered number: 06337526)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:





S Parker - Director


Pro Logic Control & Drives Company Ltd (Registered number: 06337526)

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

1. STATUTORY INFORMATION

Pro Logic Control & Drives Company 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
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 Income Statement, 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.

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

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 NIL (2023 - 2 ).

Pro Logic Control & Drives Company Ltd (Registered number: 06337526)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 11,151 8,094 9,495 65,212 93,952
Disposals - - - (2,133 ) (2,133 )
At 31 August 2024 11,151 8,094 9,495 63,079 91,819
DEPRECIATION
At 1 September 2023 5,402 5,637 8,960 60,078 80,077
Charge for year 1,437 369 134 3,354 5,294
Eliminated on disposal - - - (2,133 ) (2,133 )
At 31 August 2024 6,839 6,006 9,094 61,299 83,238
NET BOOK VALUE
At 31 August 2024 4,312 2,088 401 1,780 8,581
At 31 August 2023 5,749 2,457 535 5,134 13,875

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 39,516
VAT 450 4,053
Prepayments and accrued income 21,206 15,506
21,656 59,075

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 564 55,993
Tax 75,734 85,273
Social security and other taxes 40 41
Directors' current accounts 9,047 7,127
Accrued expenses 3,219 3,052
88,604 151,486

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
150 Ordinary £1 150 150

Pro Logic Control & Drives Company Ltd (Registered number: 06337526)

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

8. RESERVES
Retained
earnings
£   

At 1 September 2023 335,760
Profit for the year 223,220
Dividends (168,000 )
At 31 August 2024 390,980