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REGISTERED NUMBER: 04323328 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

LEGACY MANUFACTURING SOLUTIONS LTD

LEGACY MANUFACTURING SOLUTIONS LTD (REGISTERED NUMBER: 04323328)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LEGACY MANUFACTURING SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: N R Phillips-Gore





REGISTERED OFFICE: 1&2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX





REGISTERED NUMBER: 04323328 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

LEGACY MANUFACTURING SOLUTIONS LTD (REGISTERED NUMBER: 04323328)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,049 19,604

CURRENT ASSETS
Debtors 5 33,416 28,107
Cash at bank 190,629 9,450
224,045 37,557
CREDITORS
Amounts falling due within one year 6 241,339 56,252
NET CURRENT LIABILITIES (17,294 ) (18,695 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

755

909

PROVISIONS FOR LIABILITIES 45 283
NET ASSETS 710 626

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 7 510 426
SHAREHOLDERS' FUNDS 710 626

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 3 April 2024 and were signed by:



N R Phillips-Gore - Director


LEGACY MANUFACTURING SOLUTIONS LTD (REGISTERED NUMBER: 04323328)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Legacy Manufacturing Solutions Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

When the outcome of a transaction can be estimated reliably, turnover from consulting is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the amount of work completed under the service contract.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

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

Taxation
Taxation for the year 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

LEGACY MANUFACTURING SOLUTIONS LTD (REGISTERED NUMBER: 04323328)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 December 2022
and 30 November 2023 17,813 23,664 944 3,841 46,262
DEPRECIATION
At 1 December 2022 - 23,651 472 2,535 26,658
Charge for year - 13 236 1,306 1,555
At 30 November 2023 - 23,664 708 3,841 28,213
NET BOOK VALUE
At 30 November 2023 17,813 - 236 - 18,049
At 30 November 2022 17,813 13 472 1,306 19,604

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 33% SL
Fixture and fittings - 25% SL
Computer equipment - 33% SL

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 30,947 23,394
Other debtors 1,000 1,000
Directors' current accounts 1,469 3,713
33,416 28,107

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 17,604 24,524
Trade creditors 33,851 375
Corporation tax 19,371 16,575
Social security and other taxes 3,430 625
CIS control 1,790 -
VAT 40,135 12,178
Deferred income 123,083 -
Accrued expenses 2,075 1,975
241,339 56,252

LEGACY MANUFACTURING SOLUTIONS LTD (REGISTERED NUMBER: 04323328)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. RESERVES
Retained
earnings
£   

At 1 December 2022 426
Profit for the year 70,084
Dividends (70,000 )
At 30 November 2023 510