Company Registration No. 05149534 (England and Wales)
LOGIC VEHICLE SOLUTIONS LTD
Unaudited accounts
for the year ended 30 September 2024
LOGIC VEHICLE SOLUTIONS LTD
Unaudited accounts
Contents
LOGIC VEHICLE SOLUTIONS LTD
Company Information
for the year ended 30 September 2024
Company Number
05149534 (England and Wales)
Registered Office
UNIT 7 CHELMSLEY WOOD INDUSTRIAL
ESTATE WATERLOO AVENUE
BIRMINGHAM
WEST MIDLANDS
B37 6QQ
Accountants
Parkers Accountancy And Taxation
590a Kingsbury Road
Erdington
Birmingham
B24 9ND
LOGIC VEHICLE SOLUTIONS LTD
Statement of financial position
as at 30 September 2024
Tangible assets
32,933
38,745
Cash at bank and in hand
749,129
748,544
Creditors: amounts falling due within one year
(47,967)
(72,833)
Net current assets
703,291
677,921
Net assets
736,224
716,666
Called up share capital
100
100
Profit and loss account
736,124
716,566
Shareholders' funds
736,224
716,666
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 June 2025 and were signed on its behalf by
P Bird
Director
Company Registration No. 05149534
LOGIC VEHICLE SOLUTIONS LTD
Notes to the Accounts
for the year ended 30 September 2024
LOGIC VEHICLE SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 05149534. The registered office is UNIT 7 CHELMSLEY WOOD INDUSTRIAL, ESTATE WATERLOO AVENUE, BIRMINGHAM, WEST MIDLANDS, B37 6QQ.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2023
46,618
58,280
104,898
At 30 September 2024
46,618
58,280
104,898
At 1 October 2023
28,205
37,948
66,153
Charge for the year
2,762
3,050
5,812
At 30 September 2024
30,967
40,998
71,965
At 30 September 2024
15,651
17,282
32,933
At 30 September 2023
18,413
20,332
38,745
Amounts falling due within one year
LOGIC VEHICLE SOLUTIONS LTD
Notes to the Accounts
for the year ended 30 September 2024
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
3,998
30,414
Taxes and social security
43,969
42,419
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 4 (2023: 4).