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REGISTERED NUMBER: SC320351 (Scotland)













Unaudited Financial Statements

for the Year Ended 30 April 2023

for

P J Leggate & Co Limited

P J Leggate & Co Limited (Registered number: SC320351)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P J Leggate & Co Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: G R Hamilton BSc MRICS
S A Hamilton





SECRETARY: G R Hamilton BSc MRICS





REGISTERED OFFICE: 6 Logie Mill
Beaverbank Business Park
Edinburgh
Lothian
EH7 4HG





REGISTERED NUMBER: SC320351 (Scotland)





ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG

P J Leggate & Co Limited (Registered number: SC320351)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,157 2,395
1,157 2,395

CURRENT ASSETS
Debtors 6 19,891 5,841
Cash at bank 5,473 29,446
25,364 35,287
CREDITORS
Amounts falling due within one year 7 15,889 22,430
NET CURRENT ASSETS 9,475 12,857
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,632

15,252

CREDITORS
Amounts falling due after more than one year 8 (10,410 ) (14,795 )

PROVISIONS FOR LIABILITIES 9 (220 ) (455 )
NET ASSETS 2 2

CAPITAL AND RESERVES
Called up share capital 10 2 2
SHAREHOLDERS' FUNDS 2 2

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 January 2024 and were signed on its behalf by:





G R Hamilton BSc MRICS - Director


P J Leggate & Co Limited (Registered number: SC320351)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

P J Leggate & Co Limited is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery - 20% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

P J Leggate & Co Limited (Registered number: SC320351)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued

Exemption from preparing a cashflow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 May 2022
and 30 April 2023 2,355,500
AMORTISATION
At 1 May 2022
and 30 April 2023 2,355,500
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 May 2022 12,804
Additions 307
Disposals (9,843 )
At 30 April 2023 3,268
DEPRECIATION
At 1 May 2022 10,409
Charge for year 574
Eliminated on disposal (8,872 )
At 30 April 2023 2,111
NET BOOK VALUE
At 30 April 2023 1,157
At 30 April 2022 2,395

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£ £
Trade debtors 10,500 12
Other debtors 9,391 5,829
19,891 5,841

P J Leggate & Co Limited (Registered number: SC320351)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£ £
Trade creditors 613 1,102
Taxation and social security 5,091 12,424
Other creditors 10,185 8,904
15,889 22,430

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£ £
Other creditors 10,410 14,795

9. PROVISIONS FOR LIABILITIES
30.4.23 30.4.22
£ £
Deferred tax 220 455

Deferred tax
£
Balance at 1 May 2022 455
Provided during year (235 )
Balance at 30 April 2023 220

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £ £
2 Ordinary £1 2 2

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23 30.4.22
£ £
G R Hamilton BSc MRICS
Balance outstanding at start of year (552 ) 7,043
Amounts advanced 13,889 12,753
Amounts repaid (7,383 ) (20,348 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,954 (552 )

P J Leggate & Co Limited (Registered number: SC320351)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,344 (2022: £21,556 ) were paid to the directors.





Related Party



Transaction type

Transactions
in the year
ended

Transactions
in the year
ended

Balance receivable
from/(payable to)
related party at
Balance
receivable
from/(payable to)
related party at
30.4.23 30.4.22 30.4.23 30.4.22

£ £ £ £

Oakwood Cooperage Ltd Sales 16,475 21,736 nil nil


A director of Oakwood Cooperage Limited is also a director of P J Leggate & Co Limited.

13. ULTIMATE CONTROLLING PARTY

The controlling party is G R Hamilton BSc MRICS.