Company No: 09471184 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	S C Bignell
	J T E Capper

REGISTERED OFFICE	50 Echo Barn Lane
	Wrecclesham
	Farnham
	Surrey
	GU10 4NF
	United Kingdom

COMPANY NUMBER

09471184 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	Wey Court West
	Union Road
	Farnham
	Surrey
	GU9 7PT

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	154,513		110,469
		154,513		110,469
Current assets
Debtors	4	7,072		2,990
Cash at bank and in hand	5	61,506		22,585
		68,578		25,575
Creditors: amounts falling due within one year	6	( 178,677)		( 147,156)
Net current liabilities		(110,099)		(121,581)
Total assets less current liabilities		44,414		(11,112)
Net assets/(liabilities)		44,414		( 11,112)
Capital and reserves
Called-up share capital		100		100
Profit and loss account		44,314		( 11,212 )
Total shareholders' funds/(deficit)		44,414		( 11,112)

For the financial 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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Production Logic Limited (registered number: 09471184) were approved and authorised for issue by the Board of Directors on 16 December 2025. They were signed on its behalf by:

J T E Capper Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Production Logic Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 50 Echo Barn Lane, Wrecclesham, Farnham, Surrey, GU10 4NF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	8 years straight line
Office equipment	4 years straight line
Computer equipment	4 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Plant and machinery		Office equipment		Computer equipment		Total
	£		£		£		£
Cost
At 01 April 2024	180,535		9,932		0		190,467
Additions	54,897		388		16,559		71,844
Disposals	( 8,172)		0		0		( 8,172)
At 31 March 2025	227,260		10,320		16,559		254,139
Accumulated depreciation
At 01 April 2024	70,306		9,692		0		79,998
Charge for the financial year	24,219		164		3,271		27,654
Disposals	( 8,026)		0		0		( 8,026)
At 31 March 2025	86,499		9,856		3,271		99,626
Net book value
At 31 March 2025	140,761		464		13,288		154,513
At 31 March 2024	110,229		240		0		110,469

4. Debtors

	2025		2024
	£		£
Trade debtors	4,223		84
Prepayments	2,849		1,992
VAT recoverable	0		914
	7,072		2,990

5. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	61,506		22,585

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	186		5,837
Amounts owed to directors	173,932		135,160
Accruals	1,700		1,700
Other taxation and social security	2,859		1,367
Other creditors	0		3,092
	178,677		147,156