LOGZ.IO UK LIMITED
Director: T. Levy
A. Yigal
Registered Office: 6.12 Central House 1 Ballards Lane
London
N3 1LQ
Registered No: 11931822 (England & Wales)
Independent Auditors: Shahmoon & Co
6.12 Central House 1 Ballards Lane
London
N3 1LQ
Annual report and financial statements
For the year ended 31 December 2024
page
Statement of financial position 1
Notes to the financial statements 2-7
LOGZ.IO UK LIMITED
Statement of financial position as at 31 December 2024
31.12.2024 31.12.2023
Notes £ £ £
Fixed assets
Tangible assets 4 1,809 6,775
Current assets
Cash at bank and in hand 6,302 9,019
Debtors 5 433,765 420,221
440,067 429,240
Creditors: amounts falling due
within one year 6 (54,299) (84,787)
Net current assets 385,768 344,453
Deferred tax liability 7 - -
Total net assets £ 387,577 £ 351,228
Capital and Reserve
£ £
Called up share capital 8 1 1
Capital fund 63,160 59,961
Profit and loss account 324,416 291,266
Shareholders' funds £ 387,577 £ 351,228
The accounts have been prepared and delivered in accordance with special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
____________________________
T. Levy
Director
Company number: 11931822 09 July 2025
LOGZ.IO UK LIMITED
Notes to the financial statements - 31 December 2024
COMPANY INFORMATION
1. Company Information
Logz.io UK Limited is a private limited company incorporated and domiciled in England & Wales. The address of its registered office is 6.12 Central House 1 Ballards Lane, London, England, N3 1LQ.
The company is a wholly owned subsidiary of Logshero Ltd, a company registered in Israel.
2. Accounting Policies
2.1 Basis of accounting
The financial statements have been prepared on a going concern basis, under historical cost convention.
The financial statements have been prepared under FRS 102 Section 1A small entities.
The financial statements are presented in sterling (£).
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
2.2 Financial instruments
The company has chosen to adapt the sections 11 & 12 of FRS 102 in respect of financial instruments:
(i) Financial assets
Basic financial assets including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financial transaction, where the transaction is measured at present value of the future receipts discounted at the market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method and are assess for objective evidence of impairment at the end of each reporting period.
(ii) Financial liabilities
Basic financial liabilities including trade and other payable are initially recognised at transaction price unless arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts discounted at a market value of interest debt instruments are subsequently carried at amortised costs using the effective interest rate method.
2.3 Going Concern
The company and the Logz.io group are both operationally and financially inextricably linked. Having considered the cash flow of the group and the group's cash reserves, and after making enquiries of the directors of the parent undertaking, the directors have reasonable expectations that the company and the group have adequate resources to continue an operational existence and meet their liabilities for a period of at least 12 months from the date these financial statements were approved.
Taking into account the above, the directors are of the opinion that the company can continue to operate as a going concern.
LOGZ.IO UK LIMITED
Notes to the financial statements - 31 December 2024
2. Accounting Policies (Continued)
2.4 Turnover
Turnover represents net invoiced services, excluding VAT.
2.5 Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents the amounts receivable for services rendered during the year.
2.6 Tangible fixed assets
Plant & equipment
Fixed assets are disclosed at cost less impairment charge. Depreciation is provided at the following annual rates in order to write off the assets over their estimated useful lives:
Computer 33% straight line.
2.7 Debtors
Short term debtors that includes trade and other receivables are measured at transaction price, less any impairment.
2.8 Creditors
Basic financial liabilities including trade and other payable are measured at transaction price.
2.9 Current & deferred taxation
Deferred taxation is provided using the liability method to take into account timing from the inclusion of items of expenditure in taxation computations in periods that differ from those differences arising in which they are included in the financial statements to the extent that it is probably that an or assets will crystallize in the future.
Provision for deferred taxation is set off against debit balance of deferred taxation.
The current income tax charged is calculated on the basis of the tax rate and laws that have been enacted or substantially enacted by the reporting date in the countries where the company operated and generates income.
2.10 Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into Sterling at the rate of exchange
ruling at the Balance Sheet date. Transactions in Foreign currencies are translated into Sterling at
the rate of exchange ruling at the date of the transaction.
LOGZ.IO UK LIMITED
Notes to the financial statements - 31 December 2024
2. Accounting Policies (Continued)
2.11 Employee benefits
The company provides a range of benefits to employees, including annual bonus arrangements, paid holiday arrangements and defined contribution pension plans.
(i) Short term benefits
Short term benefits, including holiday pay and other similar non-monetary benefits are recognised as an expense in the period in which the service is received.
(ii) Defined contribution pension plans
The company operated a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
(iii) Share based payments
The company participates in a share based payment arrangement established by its ultimate parent company. The company recognises the share based payment expense based on the relative remuneration cost of the relevant employees.
The corresponding credit is recognised as a component of equity.
3. Employee information
The average number of staff employed by the company during the financial year was:
2024 2023
Number Number
Employees 3 5
No remuneration was paid to the directors during the year.
LOGZ.IO UK LIMITED
Notes to the financial statements - 31 December 2024
4. Plant & Equipment
Computer
Equipment Total
£ £
Cost:
At 1 January 2024 27,192 27,192
Additions - -
At 31 December 2024 27,192 27,192
Depreciation:
At 1 January 2024 20,417 20,417
Charge for the year 4,966 4,966
At 31 December 2024 25,383 25,383
Net book value:
At 31 December 2024 1,809 1,809
At 31 December 2023 6,775 6,775
5. Debtors
31.12.2024 31.12.2023
£ £
Parent company 369,680 378,141
VAT 2,303 2,584
Prepayments and other debtors 61,782 26,200
Deferred tax asset (note 7) - 13,296
433,765 420,221
6. Creditors: amounts falling due within one year
31.12.2024 31.12.2023
£ £
Trade creditors 12,054 328
Group company 0 39,131
Corporation tax 20,188 25,317
Accruals 22,057 20,011
54,299 84,787
LOGZ.IO UK LIMITED
Notes to the financial statements - 31 December 2024
7. Deferred tax asset/ (liability):
31.12.2024 31.12.2023
£ £
As at 1 January 2024 13,296 10,513
Transferred from profit and loss account (13,296) 2,783
At 31 December 2024 - 13,296
31.12.2024 31.12.2023
The deferred tax asset is relating to: £ £
Depreciation in excess of capital allowances - (1,694)
Share based payments - 14,990
- 13,296
8. Share Capital:
31.12.2024 31.12.2023
£ £
Allotted, called up and fully paid:
1 ordinary shares at £1 1 1
9. Audit report information
As the income statement has been omitted from the filing of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444 (5B) of the Companies Act 2006. The auditors' report was unqualified.
The senior statutory auditor was Mr.Ran Shahmoon.
The auditor was Shahmoon & Co.
Date auditor signed accounts: 9 July 2025
Name of director signing accounts: T. Levy
Date director signed accounts: 9 July 2025
MATERIAL UNCERTAINTY RELATED TO GOING CONCERN
We draw your attention to Note 2 in the financial statements, which indicates that the company and the Logz.io group are both operationally and financially inextricably linked. Having considered the cash flow of the group and the group's cash reserves, and after making enquiries of the directors of the parent undertaking, the directors have reasonable expectations that the company and the group have adequate resources to continue an operational existence and meet their liabilities for a period of at least 12 months from the date these financial statements were approved.
LOGZ.IO UK LIMITED
Notes to the financial statements - 31 December 2024
10. Related party transactions
Control:
The immediate and ultimate parent company is Logshero Ltd a company incorporated and registered in Israel whose address is: Sky Tower, 35 Hamasger Street, Tel Aviv, Israel, 6721407.
Logshero Ltd is the smallest and largest group to prepare consolidated accounts that can be obtained from its registered office.
Transaction:
The company is exempt from disclosing transactions with related parties that are wholly owned
within the same group in accordance with FRS 102 Section 33(1)A.
11. Commitment
As at 31.12.2024 the company does not have any yearly commitment (2023 nil).
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