IRIS Accounts Production v23.3.0.418 07462932 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074629322022-03-31074629322023-03-31074629322022-04-012023-03-31074629322021-03-31074629322021-04-012022-03-31074629322022-03-3107462932ns10:Originalns15:EnglandWales2022-04-012023-03-3107462932ns14:PoundSterlingns10:Original2022-04-012023-03-3107462932ns10:Originalns10:Director12022-04-012023-03-3107462932ns10:Original2022-04-012023-03-3107462932ns10:Original2023-03-3107462932ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3107462932ns10:Originalns10:SmallEntities2022-04-012023-03-3107462932ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3107462932ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3107462932ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3107462932ns10:Originalns10:FullAccounts2022-04-012023-03-3107462932ns10:Originalns10:Director22022-04-012023-03-3107462932ns10:Originalns10:RegisteredOffice2022-04-012023-03-3107462932ns10:Original2022-03-3107462932ns10:Originalns5:CurrentFinancialInstruments2023-03-3107462932ns10:Originalns5:CurrentFinancialInstruments2022-03-3107462932ns10:Originalns5:Non-currentFinancialInstruments2023-03-3107462932ns10:Originalns5:Non-currentFinancialInstruments2022-03-3107462932ns5:ShareCapitalns10:Original2023-03-3107462932ns5:ShareCapitalns10:Original2022-03-3107462932ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3107462932ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3107462932ns10:Originalns5:PlantMachinery2022-04-012023-03-3107462932ns10:Originalns5:MotorVehicles2022-04-012023-03-3107462932ns10:Original2021-04-012022-03-3107462932ns10:Originalns5:PlantMachinery2022-03-3107462932ns10:Originalns5:MotorVehicles2022-03-3107462932ns10:Original2022-03-3107462932ns10:Originalns5:PlantMachinery2023-03-3107462932ns10:Originalns5:MotorVehicles2023-03-3107462932ns10:Originalns5:PlantMachinery2022-03-3107462932ns10:Originalns5:MotorVehicles2022-03-3107462932ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-03-3107462932ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-04-012023-03-3107462932ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3107462932ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-03-3107462932ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3107462932ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3107462932ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3107462932ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3107462932ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2023-03-3107462932ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2022-03-3107462932ns10:Originalns5:HirePurchaseContracts2023-03-3107462932ns10:Originalns5:HirePurchaseContracts2022-03-3107462932ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3107462932ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 07462932 (England and Wales)















LEGACY HAULAGE SERVICES LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2023






LEGACY HAULAGE SERVICES LIMITED (REGISTERED NUMBER: 07462932)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEGACY HAULAGE SERVICES LIMITED

Company Information
for the year ended 31 March 2023







DIRECTORS: R Legg
Mrs L L Legg





REGISTERED OFFICE: Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ





REGISTERED NUMBER: 07462932 (England and Wales)





ACCOUNTANTS: Tudor John Limited
Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ

LEGACY HAULAGE SERVICES LIMITED (REGISTERED NUMBER: 07462932)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,834 31,250

CURRENT ASSETS
Debtors 5 51,673 67,136
Cash at bank and in hand 55 2,103
51,728 69,239
CREDITORS
Amounts falling due within one year 6 126,492 124,350
NET CURRENT LIABILITIES (74,764 ) (55,111 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(56,930

)

(23,861

)

CREDITORS
Amounts falling due after more than one
year

7

29,167

41,967
NET LIABILITIES (86,097 ) (65,828 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 9 (86,098 ) (65,829 )
SHAREHOLDERS' FUNDS (86,097 ) (65,828 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

LEGACY HAULAGE SERVICES LIMITED (REGISTERED NUMBER: 07462932)

Balance Sheet - continued
31 March 2023


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 Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:





R Legg - Director


LEGACY HAULAGE SERVICES LIMITED (REGISTERED NUMBER: 07462932)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Legacy Haulage Services 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.

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 represents net invoiced sales for services, excluding value added tax.

Revenue is recognised upon completion of the job.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on cost
Motor vehicles - 25% 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

FINANCIAL INSTRUMENTS
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments.

LEGACY HAULAGE SERVICES LIMITED (REGISTERED NUMBER: 07462932)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 10,500 402,000 412,500
Additions 6,500 - 6,500
Disposals - (40,000 ) (40,000 )
At 31 March 2023 17,000 362,000 379,000
DEPRECIATION
At 1 April 2022 8,000 373,250 381,250
Charge for year 4,666 5,250 9,916
Eliminated on disposal - (30,000 ) (30,000 )
At 31 March 2023 12,666 348,500 361,166
NET BOOK VALUE
At 31 March 2023 4,334 13,500 17,834
At 31 March 2022 2,500 28,750 31,250

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022 40,000
Disposals (40,000 )
At 31 March 2023 -
DEPRECIATION
At 1 April 2022 30,000
Eliminated on disposal (30,000 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 10,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 51,673 67,136

LEGACY HAULAGE SERVICES LIMITED (REGISTERED NUMBER: 07462932)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 53,516 45,802
Hire purchase contracts (see note 8) 3,626 13,606
Trade creditors 12,243 7,389
Taxation and social security 27,716 30,980
Other creditors 29,391 26,573
126,492 124,350

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 29,167 39,167
Hire purchase contracts (see note 8) - 2,800
29,167 41,967

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year 3,626 13,606
Between one and five years - 2,800
3,626 16,406

9. RESERVES
Retained
earnings
£   

At 1 April 2022 (65,829 )
Profit for the year 7,031
Dividends (27,300 )
At 31 March 2023 (86,098 )