Company Registration No. 05303545 (England and Wales)
Logini Finance Limited
Unaudited accounts
for the year ended 28 February 2025
Logini Finance Limited
Unaudited accounts
Contents
Logini Finance Limited
Company Information
for the year ended 28 February 2025
Director
Mr Sivasubramaniam Surenkumar
Company Number
05303545 (England and Wales)
Registered Office
77 Herent Drive
Ilford
IG5 0HF
United Kingdom
Accountants
Daniel Consultancy
Morritt House
54-60 Station Approach
South Ruislip
Ruislip
HA4 6SA
Logini Finance Limited
Statement of financial position
as at 28 February 2025
Intangible assets
58,200
77,600
Tangible assets
69,100
72,930
Cash at bank and in hand
8,350
12,834
Creditors: amounts falling due within one year
(149,221)
(183,365)
Net current assets
147,720
79,727
Total assets less current liabilities
275,020
230,257
Creditors: amounts falling due after more than one year
(13,328)
(23,328)
Net assets
261,692
206,929
Called up share capital
2
2
Profit and loss account
261,690
206,927
Shareholders' funds
261,692
206,929
For the year ending 28 February 2025 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 November 2025 and were signed on its behalf by
Mr Sivasubramaniam Surenkumar
Director
Company Registration No. 05303545
Logini Finance Limited
Notes to the Accounts
for the year ended 28 February 2025
Logini Finance Limited is a private company, limited by shares, registered in England and Wales, registration number 05303545. The registered office is 77 Herent Drive , Ilford, IG5 0HF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Logini Finance Limited
Notes to the Accounts
for the year ended 28 February 2025
4
Intangible fixed assets
Total
At 28 February 2025
97,000
Charge for the year
19,400
At 28 February 2025
38,800
At 28 February 2025
58,200
At 29 February 2024
77,600
5
Tangible fixed assets
Total
At 28 February 2025
289,442
At 28 February 2025
220,342
At 28 February 2025
69,100
At 29 February 2024
72,930
6
Average number of employees
During the year the average number of employees was 8 (2024: 9).