Logical Heating Limited - Filleted accounts

Registered number

10178770

Logical Heating Limited

Unaudited Filleted Accounts

31 December 2024

Logical Heating Limited
Registered number:		10178770
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		133,984			142,088

Current assets
Debtors	4	381,353			113,674
Cash at bank and in hand		81,861			384,037
		463,214			497,711

Creditors: amounts falling due within one year	5	(531,507)			(414,967)

Net current (liabilities)/assets			(68,293)			82,744

Total assets less current liabilities			65,691			224,832

Creditors: amounts falling due after more than one year	6		(35,651)			(54,187)



Net assets			30,040			170,645

Capital and reserves
Called up share capital			300			300
Profit and loss account			29,740			170,345

Shareholders' funds			30,040			170,645

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the 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.




Paul Tomlinson
Director
Approved by the board on 30 September 2025

Logical Heating Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recog

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					17		12


3	Tangible fixed assets
		Computer Equipment		Fixtures & Fittings		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2024	11,649		2,108		190,013		203,770
	Additions	7,145		-		17,089		24,234
	At 31 December 2024	18,794		2,108		207,102		228,004

	Depreciation
	At 1 January 2024	4,391		1,237		56,054		61,682
	Charge for the year	3,108		218		29,012		32,338
	At 31 December 2024	7,499		1,455		85,066		94,020

	Net book value
	At 31 December 2024	11,295		653		122,036		133,984
	At 31 December 2023	7,258		871		133,959		142,088


4	Debtors					2024		2023
£							£

	Trade debtors					369,972		101,404
	Prepayments					1,381		2,270
	Other debtors					10,000		10,000
						381,353		113,674


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

	Bank loans and overdrafts					10,000		10,000
	Obligations under finance lease and hire purchase contracts					11,186		11,186
	Trade creditors					42,458		258,906
	Taxation and social security costs					90,770		17,903
	Accruals					3,013		3,013
	Directors loan account					17,359		17,359
	VAT					27,867		74,417
	Accruals					48,000		-
	Deferred income					269,397		-
	Other creditors					11,457		22,183
						531,507		414,967


6	Creditors: amounts falling due after one year					2024		2023
£							£

	Bank loans					4,454		14,186
	Obligations under finance lease and hire purchase contracts					31,197		40,001
						35,651		54,187


7	Other information

	Logical Heating Limited is a private company limited by shares and incorporated in England. Its registered office is:
	20-22 Wenlock Road
	London
	N1 7GU