REGISTERED NUMBER: 05200805 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

LOGIC MEDICAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr A E Oboh

SECRETARY:

Dr M N Ikpoh

REGISTERED OFFICE:

46 Riplingham Road

Kirk Ella

Hull

HU10 7TR

REGISTERED NUMBER:

05200805 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Tangible assets

4

13,064

15,242

Investments

5

33,000

26,817

46,064

42,059

CURRENT ASSETS

Debtors

6

19,876

876

Cash at bank

241,148

250,671

261,024

251,547

CREDITORS

Amounts falling due within one year

7

38,657

29,503

NET CURRENT ASSETS

222,367

222,044

TOTAL ASSETS LESS CURRENT LIABILITIES

268,431

264,103

PROVISIONS FOR LIABILITIES

3,266

3,810

NET ASSETS

265,165

260,293

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

264,165

259,293

SHAREHOLDERS' FUNDS

265,165

260,293

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

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

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 April 2026 and were signed by:

Dr A E Oboh - Director

1.	STATUTORY INFORMATION

Logic Medical Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at 46 Riplingham Road, Kirk Ella, Hull, East Yorkshire, HU10 7TR.

The principal activity of the company is medical services.

The presentational currency of the financial statements is 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 as modified by the revaluation of certain assets.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

All sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost and 10% on cost

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

and 31 August 2025

27,910

DEPRECIATION

At 1 September 2024

12,668

Charge for year

2,178

At 31 August 2025

14,846

NET BOOK VALUE

At 31 August 2025

13,064

At 31 August 2024

15,242

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 September 2024

26,817

Revaluations

6,183

At 31 August 2025

33,000

NET BOOK VALUE

At 31 August 2025

33,000

At 31 August 2024

26,817

Cost or valuation at 31 August 2025 is represented by:

Other

investments

£

Valuation in 2023

4,500

Cost

28,500

33,000

The fixed asset investments were valued on an open market basis by the company's investment advisors.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

19,033

-

Other debtors

843

876

19,876

876

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

31,429

20,550

Other creditors

7,228

8,953

38,657

29,503