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Registered Number: 14254298
England and Wales

 

 

 

SHIFTLOGIC.IO LIMITED



Abridged Accounts
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

SHIFTLOGIC.IO LIMITED
Contents Page
For the year ended 31 December 2024
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Tangible fixed assets 3 55,385    54,077 
55,385    54,077 
Current assets      
Debtors 231,405    5,002 
Cash at bank and in hand 712,735    325,505 
944,140    330,507 
Creditors: amount falling due within one year (153,170)   (41,969)
Net current assets 790,970    288,538 
 
Total assets less current liabilities 846,355    342,615 
Creditors: amount falling due after more than one year (16,803)   (16,803)
Provisions for liabilities (2,333)   (892)
Net assets 827,219    324,920 
 

Capital and reserves 		     
Called up share capital 4 1,200    1,200 
Profit and loss account 826,019    323,720 
Shareholders' funds 827,219    324,920 
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 23 September 2025 and were signed on its behalf by:


-------------------------------
Laxman Rao MANCHUKONDA
Director
1
General Information
SHIFTLOGIC.IO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14254298, registration address Office Gold Building 7 Floor 5, 566 Chiswick High Road, Chiswick Business Park, London, W4 5YG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 18 Reducing Balance
Computer Equipment 4 Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 7 (2023 : 7).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Computer Equipment   Total
  £   £   £
At 01 January 2024 36,489    21,289    57,778 
Additions -    15,815    15,815 
Disposals -    -    - 
At 31 December 2024 36,489    37,104    73,593 
Depreciation
At 01 January 2024 324    3,377    3,701 
Charge for year 6,510    7,997    14,507 
On disposals -    -    - 
At 31 December 2024 6,834    11,374    18,208 
Net book values
Closing balance as at 31 December 2024 29,655    25,730    55,385 
Opening balance as at 01 January 2024 36,165    17,912    54,077 


4.

Share Capital

Allotted, called up and fully paid
2024
£		   2023
£
12,000,000 Ord shares of £0.0001 each 1,200    1,200 
1,200    1,200 

2