Company Registration No. SC566172 (Scotland)
Logie Enterprises Ltd
Unaudited accounts
for the year ended 31 March 2025
Logie Enterprises Ltd
Unaudited accounts
Contents
Logie Enterprises Ltd
Company Information
for the year ended 31 March 2025
Directors
Maurice Logie
Linda Logie
Company Number
SC566172 (Scotland)
Registered Office
117 Cadzow Street
Hamilton
Lanarkshire
ML3 6JA
UNITED KINGDOM
Accountants
Peter Hall Finance & Accounting Solutions
of Tillicoultry
Clackmannanshire
FK13 6DR
Logie Enterprises Ltd
Statement of financial position
as at 31 March 2025
Intangible assets
105,000
150,000
Cash at bank and in hand
1,362
4,089
Creditors: amounts falling due within one year
(81,869)
(83,190)
Net current liabilities
(80,507)
(77,198)
Total assets less current liabilities
24,493
72,802
Creditors: amounts falling due after more than one year
(15,488)
(18,169)
Called up share capital
50,000
50,000
Capital redemption reserve
(45,000)
-
Profit and loss account
4,005
4,633
Shareholders' funds
9,005
54,633
For the year ending 31 March 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 12 November 2025 and were signed on its behalf by
Maurice Logie
Director
Company Registration No. SC566172
Logie Enterprises Ltd
Notes to the Accounts
for the year ended 31 March 2025
Logie Enterprises Ltd is a private company, limited by shares, registered in Scotland, registration number SC566172. The registered office is 117 Cadzow Street, Hamilton, Lanarkshire, ML3 6JA, 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.
Revenue is recognised as services are provided, based on the amount of consideration receivable for the period in which services are delivered.
The directors have prepared financial projections and considered the company’s cash flow position. Although the company has net current liabilities at year end, the directors are satisfied that sufficient funds will be available from ongoing support from related companies and directors. Accordingly, the financial statements are prepared on a going concern basis.
Goodwill represents the purchase price of the business acquired. It is amortised on a straight-line basis over its estimated useful economic life of 10 years. The directors consider 10 years to be appropriate based on the expected duration of the economic benefits arising from the acquisition. A prior year adjustment has been made to correct the omission of amortisation of goodwill in prior periods. Opening retained earnings at 1 April 2024 have been reduced by £45,000, with accumulated amortisation increased by the same amount. This adjustment corrects a material error as defined by FRS 102 Section 10. The adjustment has no impact on the current-year profit.
Financial assets and liabilities are measured at amortised cost unless stated otherwise. Trade and other receivables are recognised at recoverable value. Bank loans are measured at amortised cost.
Logie Enterprises Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
Charge for the year
45,000
5
Investments held as current assets
2025
2024
Unlisted investments
-
1,903
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
1,931
1,549
Other creditors
79,896
81,500
Loans from directors
42
141
Includes loans to related Company, BJMCA Ltd & Corporate tax amount owing for the financial year and the Director's Current Account.
7
Creditors: amounts falling due after more than one year
2025
2024
8
Capital commitments
2025
2024
The company had no capital commitments at the year end (2024: £nil).
There were no contingent liabilities at the year end (2024: £nil).
10
Transactions with related parties
The company has a trading and financing relationship with BJMCA Ltd, a company under common directorship. During the year, the company had balances due to BJMCA Ltd of £79,897 (2024: £81,500). These balances are unsecured, interest-free and repayable on demand. Directors’ loan balances at year end were £42 (2024: £142), also unsecured and interest-free.
Logie Enterprises Ltd
Notes to the Accounts
for the year ended 31 March 2025
11
Post balance sheet events
There were no material post balance sheet events requiring adjustment or disclosure.
12
Average number of employees
During the year the average number of employees was 0 (2024: 0).