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
LEGACY PIPEWORK LTD
Company Information
for the year ended 31 October 2023
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
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
LEGACY PIPEWORK LTD
Statement of financial position
as at 31 October 2023
Tangible assets
46,180
27,407
Cash at bank and in hand
63,895
44,832
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)
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
LEGACY PIPEWORK LTD
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
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
At 31 October 2023
12
45,888
280
46,180
At 31 October 2022
249
26,857
301
27,407
LEGACY PIPEWORK LTD
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Trade debtors
33,725
18,037
Accrued income and prepayments
54,534
-
Amounts falling due after more than one year
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
Loans from directors
60,982
183
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
26,275
16,615
8
Average number of employees
During the year the average number of employees was 3 (2022: 2).