REGISTERED NUMBER: 03159741 (England and Wales)

Financial Statements For The Year Ended 31 July 2025

for

P.E. Logan Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

D J Logan

P E Logan

REGISTERED OFFICE:

465 New Cross Road

London

SE14 6TA

REGISTERED NUMBER:

03159741 (England and Wales)

ACCOUNTANTS:

Robb Ferguson Chartered Accountants

Regent Court

70 West Regent Street

Glasgow

G2 2QZ

FIXED ASSETS

Intangible assets

4

2,887

3,300

Tangible assets

5

717,852

648,284

720,739

651,584

CURRENT ASSETS

Stocks

75,648

77,267

Debtors

6

371,382

357,673

Cash at bank and in hand

717,385

711,536

1,164,415

1,146,476

CREDITORS

Amounts falling due within one year

7

325,550

298,781

NET CURRENT ASSETS

838,865

847,695

TOTAL ASSETS LESS CURRENT LIABILITIES

1,559,604

1,499,279

PROVISIONS FOR LIABILITIES

498

-

NET ASSETS

1,559,106

1,499,279

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

1,559,096

1,499,269

1,559,106

1,499,279

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2026 and were signed on its behalf by:

D J Logan - Director

1.	STATUTORY INFORMATION

P.E. Logan Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of

depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over

their useful lives on the following bases:

Freehold land and buildings Not depreciated

Fixtures and fittings 25% Reducing balance

Motor vehicles 25% Reducing balance

Building adaptations 10% Straight line

Plant and machinery 25% Reducing balance

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 August 2024

and 31 July 2025

4,126

AMORTISATION

At 1 August 2024

826

Amortisation for year

413

At 31 July 2025

1,239

NET BOOK VALUE

At 31 July 2025

2,887

At 31 July 2024

3,300

5.	TANGIBLE FIXED ASSETS

Fixed plant

Freehold

Building

and

property

adaptations

equipment

£

£

£

COST

At 1 August 2024

636,385

56,253

1,095

Additions

-

67,215

943

At 31 July 2025

636,385

123,468

2,038

DEPRECIATION

At 1 August 2024

-

56,253

91

Charge for year

-

6,082

349

At 31 July 2025

-

62,335

440

NET BOOK VALUE

At 31 July 2025

636,385

61,133

1,598

At 31 July 2024

636,385

-

1,004

Fixtures

and

Motor

Office

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 August 2024

150,609

18,056

2,839

865,237

Additions

4,295

-

6,557

79,010

At 31 July 2025

154,904

18,056

9,396

944,247

DEPRECIATION

At 1 August 2024

146,780

13,534

295

216,953

Charge for year

1,255

1,131

625

9,442

At 31 July 2025

148,035

14,665

920

226,395

NET BOOK VALUE

At 31 July 2025

6,869

3,391

8,476

717,852

At 31 July 2024

3,829

4,522

2,544

648,284

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

277,629

307,620

Tax

-

2,824

VAT

86,614

43,255

Prepayments

7,139

3,974

371,382

357,673

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

243,260

215,447

Tax

3,771

-

Social security and other taxes

3,986

17,579

Other creditors

17,592

5,346

Directors' current accounts

50,802

54,851

Accrued expenses

6,139

5,558

325,550

298,781