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REGISTERED NUMBER: 02164675 (England and Wales)


















P.I. LOGIC LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






P.I. LOGIC LIMITED (REGISTERED NUMBER: 02164675)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


P.I. LOGIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Dr E R Poore
Dr M G Poore
Mr E N Poore





SECRETARY: Dr M G Poore





REGISTERED OFFICE: Gelli Dogin
Cwmfelin Boeth
Whitland
Carmarthenshire
SA34 0RU





REGISTERED NUMBER: 02164675 (England and Wales)






P.I. LOGIC LIMITED (REGISTERED NUMBER: 02164675)

ABRIDGED BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,498 26,568

CURRENT ASSETS
Stocks 1,550 1,800
Debtors 6,091 14,913
Cash at bank 197,920 180,361
205,561 197,074
CREDITORS
Amounts falling due within one year 26,209 64,406
NET CURRENT ASSETS 179,352 132,668
TOTAL ASSETS LESS CURRENT
LIABILITIES

201,850

159,236

CAPITAL AND RESERVES
Called up share capital 1,200 1,200
Retained earnings 200,650 158,036
SHAREHOLDERS' FUNDS 201,850 159,236

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

P.I. LOGIC LIMITED (REGISTERED NUMBER: 02164675)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 July 2025 and were signed on its behalf by:




Dr M G Poore - Director Dr E R Poore - Director




Mr E N Poore - Director


P.I. LOGIC LIMITED (REGISTERED NUMBER: 02164675)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

P.I. Logic 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.

Given the projected revenue earnings, as well as the ongoing support of its directors for it to continue trading for the foreseeable future and as a result of this, the directors continue to adopt the going concern basis of accounting.

Turnover
The company's turnover represents the value, excluding Value Added Tax, of goods and services supplied to customers during the year.

A proportion of the company's turnover relates to overseas sales.

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 etc - 20% on reducing balance, 15% on reducing balance and 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2023
and 31 October 2024 101,395
DEPRECIATION
At 1 November 2023 74,827
Charge for year 4,070
At 31 October 2024 78,897
NET BOOK VALUE
At 31 October 2024 22,498
At 31 October 2023 26,568