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REGISTERED NUMBER: 06998713 (England and Wales)















Legacy Building Services Limited

Unaudited Financial Statements for the Year Ended 31 August 2023






Legacy Building Services Limited (Registered number: 06998713)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Legacy Building Services Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: J S Harding
Mrs S A Harding



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 06998713 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Barclays Bank plc
16 High Street
Bridgwater
Somerset
TA6 3DX

Legacy Building Services Limited (Registered number: 06998713)

Abridged Statement of Financial Position
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 5,706 7,331

CURRENT ASSETS
Stocks 4,100 550
Debtors - 35,462
Cash at bank 8,741 11,752
12,841 47,764
CREDITORS
Amounts falling due within one year 11,990 36,255
NET CURRENT ASSETS 851 11,509
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,557

18,840

CREDITORS
Amounts falling due after more than one
year

(13,500

)

(17,000

)

PROVISIONS FOR LIABILITIES 7 (1,084 ) (1,393 )
NET (LIABILITIES)/ASSETS (8,027 ) 447

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (8,127 ) 347
SHAREHOLDERS' FUNDS (8,027 ) 447

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Legacy Building Services Limited (Registered number: 06998713)

Abridged Statement of Financial Position - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2024 and were signed on its behalf by:





J S Harding - Director


Legacy Building Services Limited (Registered number: 06998713)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Legacy Building Services Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared in accordance with applicable accounting standards and estimation techniques.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Legacy Building Services Limited (Registered number: 06998713)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022
and 31 August 2023 23,179
DEPRECIATION
At 1 September 2022 15,848
Charge for year 1,625
At 31 August 2023 17,473
NET BOOK VALUE
At 31 August 2023 5,706
At 31 August 2022 7,331

6. LOANS

An analysis of the maturity of loans is given below:

31.8.23 31.8.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 6,000 6,000

Amounts falling due between one and two years:
Bank loans 6,000 6,000

Amounts falling due between two and five years:
Bank loans 7,500 11,000

7. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax 1,084 1,393

Legacy Building Services Limited (Registered number: 06998713)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2022 1,393
Provided during year (309 )
Balance at 31 August 2023 1,084

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
100 Ordianry £1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
J S Harding
Balance outstanding at start of year 27,528 -
Amounts repaid (27,528 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 27,528

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J S Harding.

The company was controlled throughout the year by its director Julian Harding by virtue of the fact that he owns all the issued share capital.