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REGISTERED NUMBER: SC332004 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

LOGICOMMS LIMITED

LOGICOMMS LIMITED (REGISTERED NUMBER: SC332004)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


LOGICOMMS LIMITED (REGISTERED NUMBER: SC332004)

BALANCE SHEET
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 16,775 22,503

CURRENT ASSETS
Debtors 5 49,159 164,845
Cash at bank 130,572 118,056
179,731 282,901
CREDITORS
Amounts falling due within one year 6 176,310 275,165
NET CURRENT ASSETS 3,421 7,736
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,196

30,239

PROVISIONS FOR LIABILITIES 4,116 4,982
NET ASSETS 16,080 25,257

CAPITAL AND RESERVES
Called up share capital 182 117
Retained earnings 15,898 25,140
SHAREHOLDERS' FUNDS 16,080 25,257

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.

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.

LOGICOMMS LIMITED (REGISTERED NUMBER: SC332004)

BALANCE SHEET - continued
31 October 2024



The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2025 and were signed on its behalf by:





R Downie - Director


LOGICOMMS LIMITED (REGISTERED NUMBER: SC332004)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Logicomms Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC332004

Registered office: 22 Backbrae Street
Kilsyth
Glasgow
G65 0NH

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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

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
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments.

Basic financial instruments are initially recognised at transaction value and subsequently measured at their
settlement value.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

LOGICOMMS LIMITED (REGISTERED NUMBER: SC332004)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

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 7 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023
and 31 October 2024 9,640 30,595 2,290 42,525
DEPRECIATION
At 1 November 2023 8,819 10,917 286 20,022
Charge for year 308 4,919 501 5,728
At 31 October 2024 9,127 15,836 787 25,750
NET BOOK VALUE
At 31 October 2024 513 14,759 1,503 16,775
At 31 October 2023 821 19,678 2,004 22,503

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 49,159 164,845

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 26,561 136,484
Tax 78,789 48,568
Social security and other taxes 4,779 1,361
VAT 28,766 54,621
Other creditors 651 509
Accrued expenses 36,764 33,622
176,310 275,165

7. FINANCIAL INSTRUMENTS

The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments are initially recognised at transaction value and subsequently measured at their
settlement value.

8. ULTIMATE CONTROLLING PARTY

The Director owns and controls the company.

LOGICOMMS LIMITED (REGISTERED NUMBER: SC332004)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

9. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,584 (2023: £2,033). At the balance sheet date, unpaid contributions of £651 (2023: £509) were due to the fund. They are included in other creditors.