2022-03-01 12455981 2023-02-28 12455981 2022-03-01 2023-02-28 12455981 2022-02-28 12455981 2021-03-01 2022-02-28 12455981 uk-core:WithinOneYear 2022-02-28 12455981 uk-core:WithinOneYear 2023-02-28 12455981 uk-core:AfterOneYear 2022-02-28 12455981 uk-core:AfterOneYear 2023-02-28 12455981 uk-core:ShareCapital 2023-02-28 12455981 uk-core:ShareCapital 2022-02-28 12455981 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 12455981 uk-core:RetainedEarningsAccumulatedLosses 2022-02-28 12455981 uk-bus:Director1 2022-03-01 2023-02-28 12455981 uk-core:CommercialMotorVehicles 2022-03-01 2023-02-28 12455981 uk-core:AfterOneYear uk-core:Secured 2023-02-28 12455981 uk-core:AfterOneYear uk-core:Secured 2022-02-28 iso4217:GBP xbrli:pure 12455981 uk-bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 12455981 uk-bus:FRS102 2022-03-01 2023-02-28 12455981 uk-bus:FullAccounts 2022-03-01 2023-02-28 12455981 uk-bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28
A Legacy Electrical Ltd
Registered Number:12455981
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2023
A Legacy Electrical Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
12455981
As at 28 February 2023
A Legacy Electrical Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
30,701
13,377
2
30,701
13,377
Current assets
Trade and other receivables
34,857
118,208
3
13,921
Cash and cash equivalents
13,108
131,316
48,778
Trade and other payables: amounts falling due within one
year
(7,864)
(47,972)
4
40,914
83,344
Net current assets
Total assets less current liabilities
114,045
54,291
Trade and other payables: amounts falling due after more
than one year
(46,043)
(41,175)
5
72,870
Net assets
8,248
Capital and reserves
Called up share capital
2
2
Retained earnings
72,868
8,246
72,870
8,248
Shareholders' funds
For the year ended 28 February 2023 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 of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Louis Lee Davis Director
These financial statements were approved and authorised for issue by the Board on 14 August 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 28 February 2023
A Legacy Electrical Ltd
Notes to the Financial Statements
Statutory Information
A Legacy Electrical Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 12455981.
Registered address:
Summit House
Horsecroft Road
Harlow
Essex
CM19 5BN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25 Reducing balance
Motor Vehicles
2. Property, plant and equipment
Motor Vehicles
£
Cost or
valuation
At 01 March 2022
20,901
25,000
Additions
At 28 February 2023
45,901
Provision for depreciation and impairment
At 01 March 2022
7,524
Charge for year
7,676
At 28 February 2023
15,200
At 28 February 2023
Net book value
30,701
At 28 February 2022
13,377
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5
For the year ended 28 February 2023
A Legacy Electrical Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2022
2023
£
£
Other debtors
118,208
34,857
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
25,246
7,864
Other creditors
22,726
-
47,972
7,864
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
41,175
46,043
6. Average number of persons employed
During the year the average number of employees was 4 (2022 : 3)
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