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Company Registration No. 12319127 (England and Wales)
LEGACY PIPEWORK LTD Unaudited accounts for the year ended 31 October 2023
LEGACY PIPEWORK LTD Unaudited accounts Contents
Page
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LEGACY PIPEWORK LTD Company Information for the year ended 31 October 2023
Director
Benjamin Thibaut
Company Number
12319127 (England and Wales)
Registered Office
61 HYTHE ROAD BRIGHTON BN1 6JR UNITED KINGDOM
Accountants
KMG Accountancy Ltd The Offices 57 Newtown Road Hove BN3 7BA
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of LEGACY PIPEWORK LTD for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of LEGACY PIPEWORK LTD for the year ended 31 October 2023 as set out on pages 5 - 7 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 at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
KMG Accountancy Ltd Chartered Accountants The Offices 57 Newtown Road Hove BN3 7BA 13 March 2024
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LEGACY PIPEWORK LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
46,180 
27,407 
Current assets
Debtors
89,550 
24,787 
Cash at bank and in hand
63,895 
44,832 
153,445 
69,619 
Creditors: amounts falling due within one year
(110,600)
(28,268)
Net current assets
42,845 
41,351 
Total assets less current liabilities
89,025 
68,758 
Creditors: amounts falling due after more than one year
(71,005)
(59,200)
Net assets
18,020 
9,558 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
18,018 
9,556 
Shareholders' funds
18,020 
9,558 
For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 March 2024 and were signed on its behalf by
Benjamin Thibaut Director Company Registration No. 12319127
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LEGACY PIPEWORK LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
LEGACY PIPEWORK LTD is a private company, limited by shares, registered in England and Wales, registration number 12319127. The registered office is 61 HYTHE ROAD, BRIGHTON, BN1 6JR, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3
Motor vehicles
4
Computer equipment
3
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
577 
31,990 
833 
33,400 
Additions
- 
28,722 
308 
29,030 
At 31 October 2023
577 
60,712 
1,141 
62,430 
Depreciation
At 1 November 2022
328 
5,133 
532 
5,993 
Charge for the year
237 
9,691 
329 
10,257 
At 31 October 2023
565 
14,824 
861 
16,250 
Net book value
At 31 October 2023
12 
45,888 
280 
46,180 
At 31 October 2022
249 
26,857 
301 
27,407 
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LEGACY PIPEWORK LTD Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
33,725 
18,037 
Accrued income and prepayments
54,534 
- 
Other debtors
(561)
416 
87,698 
18,453 
Amounts falling due after more than one year
Other debtors
1,852 
6,334 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
19,790 
- 
Trade creditors
23,902 
23,034 
Taxes and social security
3,357 
3,217 
Other creditors
1,719 
334 
Loans from directors
60,982 
183 
Accruals
850 
1,500 
110,600 
28,268 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
37,030 
42,585 
Obligations under finance leases and hire purchase contracts
26,275 
16,615 
Other creditors
7,700 
- 
71,005 
59,200 
8
Average number of employees
During the year the average number of employees was 3 (2022: 2).
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