Registered number
08774459
Legacy Legal Limited
Filleted Accounts
31 May 2023
Legacy Legal Limited
Registered number: 08774459
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 700 -
Current assets
Cash at bank and in hand 308,698 270,401
Creditors: amounts falling due within one year 4 (114,837) (80,124)
Net current assets 193,861 190,277
Total assets less current liabilities 194,561 190,277
Creditors: amounts falling due after more than one year 5 (15,000) (39,000)
Net assets 179,561 151,277
Capital and reserves
Called up share capital 2 2
Profit and loss account 179,559 151,275
Shareholders' funds 179,561 151,277
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Matthew James Mitchell
Director
Approved by the board on 6 February 2024
Legacy Legal Limited
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 700
At 31 May 2023 700
Depreciation
At 31 May 2023 -
Net book value
At 31 May 2023 700
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 9,500 -
Taxation and social security costs 78,846 77,150
Other creditors 26,491 2,974
114,837 80,124
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 15,000 39,000
6 Other information
Legacy Legal Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Braemore Court
Cockfosters Road
Cockfosters
Barnet
EN4 0AE
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