Logo Co (NE) Ltd Accounts






Logo Co (NE) Ltd

	Company No. 09161093
		Information for Filing with The Registrar
		31 December 2024

The Directors present their report and the accounts for the year ended 31 December 2024.

Principal activities
The principal activity of the company during the year under review was that of clothing embroidery and printing.




Directors

The Directors who served at any time during the year were as follows:

D. Kelly
K. Ord








































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

D. Kelly
Director

23 September 2025

at	31 December 2024
Company No.		09161093	Notes	2024	2023
				£	£
Fixed assets

	Tangible assets		4	95,011	89,158


				95,011	89,158
Current assets
	Stocks		5	6,470	7,618
	Debtors		6	8,091	7,537

	Cash at bank and in hand			50,076	56,501
				64,637	71,656
Creditors: Amount falling due within one year			7	(9,860)	(10,701)
Net current assets				54,777	60,955
Total assets less current liabilities				149,788	150,113
Creditors: Amounts falling due after more than one year			8	(14,452)	(24,452)



Net assets				135,336	125,661

Capital and reserves
	Called up share capital			2	2



	Profit and loss account		10	135,334	125,659

Total equity				135,336	125,661



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 23 September 2025 and signed on its behalf by:
D. Kelly
Director

23 September 2025

for the year ended 31 December 2024

General information

Logo Co (NE) Ltd is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 09161093

Its registered office is:

53 Brookfield

West Allotment

Tyne and Wear

NE27 0BJ

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Leased assets

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Defined contribution pensions

The Company operates 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 payments obligations.

The contributions are recognised as expenses when they fall 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.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2024	2023
			Number	Number
		The average monthly number of employees (including directors) during the year was:	6	6

4	Tangible fixed assets
			Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£
		Cost or revaluation
		At 1 January 2024	109,545	1,600	12,313	123,458
		Additions	3,119	-	2,734	5,853



		At 31 December 2024	112,664	1,600	15,047	129,311
		Depreciation
		At 1 January 2024	33,745	-	555	34,300




		At 31 December 2024	33,745	-	555	34,300
		Net book values
		At 31 December 2024	78,919	1,600	14,492	95,011
		At 31 December 2023	75,800	1,600	11,758	89,158

5	Stocks
			2024	2023
			£	£


		Finished goods	6,470	7,618
			6,470	7,618

6	Debtors
			2024	2023
			£	£
		Trade debtors	7,891	7,337





		Other debtors	200	200

			8,091	7,537

7	Creditors:
		amounts falling due within one year
			2024	2023
			£	£




		Trade creditors	5,483	5,309

		Taxes and social security	4,005	4,460
		Loans from directors	(454)	106

		Accruals and deferred income	826	826
			9,860	10,701

8	Creditors:
		amounts falling due after more than one year
			2024	2023
			£	£

		Bank loans and overdrafts	14,452	24,452






			14,452	24,452

Share Capital

2 Ordinary shares of £1 each

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

11	Dividends
			2024	2023
			£	£
		Dividends for the period:
		Dividends paid in the period	10,000	9,000

			10,000	9,000

		Dividends by type:

		Equity dividends	10,000	9,000
			10,000	9,000