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REGISTERED NUMBER: 07261616 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2022 TO 30 DECEMBER 2022

FOR

LEGGETT EUROPE LIMITED

LEGGETT EUROPE LIMITED (REGISTERED NUMBER: 07261616)

CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 January 2022 to 30 December 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

LEGGETT EUROPE LIMITED

COMPANY INFORMATION
for the period 1 January 2022 to 30 December 2022







DIRECTORS: T K Leggett
J A Light





REGISTERED OFFICE: Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH





REGISTERED NUMBER: 07261616 (England and Wales)





ACCOUNTANTS: BSR Bespoke Chartered Accountants
Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH

LEGGETT EUROPE LIMITED (REGISTERED NUMBER: 07261616)

BALANCE SHEET
30 December 2022

30.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 535,570 538,145

CURRENT ASSETS
Debtors 5 1,170,233 849,187
Cash at bank and in hand 22,193 43,184
1,192,426 892,371
CREDITORS
Amounts falling due within one year 6 425,485 355,975
NET CURRENT ASSETS 766,941 536,396
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,302,511

1,074,541

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,302,411 1,074,441
SHAREHOLDERS' FUNDS 1,302,511 1,074,541

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 December 2022 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2024 and were signed on its behalf by:




T K Leggett - Director


LEGGETT EUROPE LIMITED (REGISTERED NUMBER: 07261616)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 January 2022 to 30 December 2022


1. STATUTORY INFORMATION

Leggett Europe 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 (£).


The company's main business address is Ground Floor 49 Thames Street Sunbury on Thames TW16 5QF.

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.

Significant judgements and estimates
Significant judgements and estimates are applied in estimating the useful economic life of assets and their residual value.

Turnover
Revenue is recognised when it is probable that future economic benefits will flow to the company from the provision of services and is measured as the fair value of consideration which the company expects to receive from those transactions. Revenue is recognised in full as commission receivable when the conditions of the relevant agreement have been satisfied and when it is probable that no further services are required under agreement. Where further services are required, then part of the commission payable will be deferred until the additional service is performed or no further services are required and no amount is repayable.

Revenue is recognised net of returns and of trade discounts and is shown exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Computer equipment includes costs associated with the development of a mobile application which has been capitalised as part of the computer equipment in accordance with UITF Abstract 29. This will be depreciated once the project has been completed.

LEGGETT EUROPE LIMITED (REGISTERED NUMBER: 07261616)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 January 2022 to 30 December 2022


2. ACCOUNTING POLICIES - continued

Financial instruments
The company enters into basic financial instruments that give rise to financial assets and financial liabilities including trade and other debtors, trade and other creditors, bank account balances, bank loans and other loans and borrowings and investments in certain non puttable and non convertible equity instruments.

Debt instruments which are not payable or receivable within one year are initially accounted for at the transaction price and are subsequently accounted for at amortised cost using the effective interest method. Debt instruments payable and receivable within one year are measured at their undiscounted cash amounts. Where the debt instruments are treated as a financing transaction, then the financial asset or liability is measured at the present value of future cash flows based on a market rate of interest. Debt instruments which are treated as financial assets and accounted for at amortised cost are also assessed for impairment.

Equity instruments are initially accounted for at transaction price. They are subsequently accounted for at cost unless they can be accounted for at fair value based on a readily available market price or fair value. Equity instruments which are treated as financial assets and accounted for at cost are also assessed for impairment.

Taxation
Taxation for the period 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 period 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 period was 2 (2021 - 2 ) .

LEGGETT EUROPE LIMITED (REGISTERED NUMBER: 07261616)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 January 2022 to 30 December 2022


4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2022
and 30 December 2022 529,034 19,302 6,854 53,487 608,677
DEPRECIATION
At 1 January 2022 - 14,021 3,962 52,549 70,532
Charge for period - 1,320 724 531 2,575
At 30 December 2022 - 15,341 4,686 53,080 73,107
NET BOOK VALUE
At 30 December 2022 529,034 3,961 2,168 407 535,570
At 31 December 2021 529,034 5,281 2,892 938 538,145

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.22 31.12.21
£    £   
Other debtors 275,745 195,084
Directors' loan accounts 893,252 652,823
VAT 1,236 1,280
1,170,233 849,187

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.22 31.12.21
£    £   
Trade creditors 3,462 1,405
Tax 232,108 161,817
Social security and other taxes - 380
Other creditors 49,967 -
Leggett Immobilier SarL 135,853 187,373
Accrued expenses 4,095 5,000
425,485 355,975

LEGGETT EUROPE LIMITED (REGISTERED NUMBER: 07261616)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 January 2022 to 30 December 2022


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 December 2022 and the year ended 31 December 2021:

30.12.22 31.12.21
£    £   
T K Leggett
Balance outstanding at start of period 652,824 609,666
Amounts advanced 240,427 43,158
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 893,251 652,824

Interest is charged by the company at the official rate of interest on loan balances of over £10,000.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LEGGETT EUROPE LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Leggett Europe Limited for the period ended 30 December 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Leggett Europe Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Leggett Europe Limited and state those matters that we have agreed to state to the Board of Directors of Leggett Europe Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Leggett Europe Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Leggett Europe Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Leggett Europe Limited. You consider that Leggett Europe Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Leggett Europe Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BSR Bespoke Chartered Accountants
Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH


12 February 2024