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Registration number: 11338923

Modernlogic Solutions Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

Modernlogic Solutions Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 8

Modernlogic Solutions Limited

(Registration number: 11338923)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | - | 109
Tangible assets | 5 | 16,399 | 8,410
Investments | 6 | 15,260 | 15,260
|  | 31,659 | 23,779
Current assets |  |  |
Debtors | 8 | 2,781,427 | 2,550,824
Other financial assets | 7 | 1,225,161 | 986,911
Cash at bank and in hand |  | 2,123,074 | 2,871,542
|  | 6,129,662 | 6,409,277
Creditors: Amounts falling due within one year | 9 | (2,496,593) | (2,216,814)
Net current assets |  | 3,633,069 | 4,192,463
Total assets less current liabilities |  | 3,664,728 | 4,216,242
Provisions for liabilities |  | (4,100) | (2,102)
Net assets |  | 3,660,628 | 4,214,140
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Other reserves |  | 84,450 | 84,450
Retained earnings |  | 3,576,078 | 4,129,590
Shareholders' funds |  | 3,660,628 | 4,214,140

Modernlogic Solutions Limited

(Registration number: 11338923)
Balance Sheet as at 31 May 2025

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 November 2025 and signed on its behalf by:

......................................... J H Hewitt Director

Modernlogic Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
6 Goltho View
Market Rasen
LN8 5AE

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Modernlogic Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant & Machinery | 50% Straight line
Office Equipment | 50% Straight line
Fixtures & Fittings | 50% Straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Website | 25% Straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Modernlogic Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Share based payments

The company issues equity-settled share-based payments to certain employees. Equity-settled share-based
payments are measured at fair value (excluding the effect of non market-based vesting conditions) at the date
of grant. The fair value of the employee services received is measured by reference to the estimated fair value at the grant date of equity instruments granted and is recognised as an expense over the vesting period. The estimated fair value of the option granted is calculated using the Black Scholes option pricing model. The total amount expensed is recognised over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied.
The proceeds received net of any directly attributable transaction costs are credited to share capital (nominal value) and share premium when the options are exercised.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 39 (2024 - 39).

Modernlogic Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4 | Intangible assets

| Website and domain £ | Total £
Cost or valuation
At 1 June 2024 | 6,358 | 6,358
At 31 May 2025 | 6,358 | 6,358
Amortisation
At 1 June 2024 | 6,249 | 6,249
Amortisation charge | 109 | 109
At 31 May 2025 | 6,358 | 6,358
Carrying amount
At 31 May 2025 | - | -
At 31 May 2024 | 109 | 109

5 | Tangible assets

| Office equipment £ | Total £
Cost or valuation
At 1 June 2024 | 68,649 | 68,649
Additions | 17,957 | 17,957
Disposals | (16,927) | (16,927)
At 31 May 2025 | 69,679 | 69,679
Depreciation
At 1 June 2024 | 60,239 | 60,239
Charge for the year | 9,968 | 9,968
Eliminated on disposal | (16,927) | (16,927)
At 31 May 2025 | 53,280 | 53,280
Carrying amount
At 31 May 2025 | 16,399 | 16,399
At 31 May 2024 | 8,410 | 8,410

Modernlogic Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

6 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 15,260 | 15,260

Subsidiaries | £
Cost or valuation
At 1 June 2024 | 15,260
Provision
Carrying amount
At 31 May 2025 | 15,260
At 31 May 2024 | 15,260

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
ModernLogic India | India | Ordinary shares | 99% | 99%

7 | Other financial assets (current and non-current)

| 2025 £ | 2024 £
Current financial assets
Financial assets at amortised cost | 1,225,161 | 986,911

Current financial assets consist of holdings of government gilts. These are considered to be short-term investments and are therefore held as current assets.

Modernlogic Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

8 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 2,093,604 | 1,901,279
Prepayments | 154,592 | 169,253
Other debtors | 533,231 | 480,292
| 2,781,427 | 2,550,824

9 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 298,003 | 419,594
Taxation and social security | 270,224 | 230,925
Other creditors | 1,928,366 | 1,566,295
| 2,496,593 | 2,216,814