Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 04060652 Mr Stephen Legg Mrs Patricia Gillies Mrs Patricia Gillies iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04060652 2022-11-30 04060652 2023-11-30 04060652 2022-12-01 2023-11-30 04060652 frs-core:ComputerEquipment 2022-12-01 2023-11-30 04060652 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-01 2023-11-30 04060652 frs-core:FurnitureFittings 2022-12-01 2023-11-30 04060652 frs-core:NetGoodwill 2022-12-01 2023-11-30 04060652 frs-core:MotorVehicles 2022-12-01 2023-11-30 04060652 frs-core:PlantMachinery 2022-12-01 2023-11-30 04060652 frs-core:ShareCapital 2023-11-30 04060652 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 04060652 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 04060652 frs-bus:AbridgedAccounts 2022-12-01 2023-11-30 04060652 frs-bus:SmallEntities 2022-12-01 2023-11-30 04060652 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 04060652 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 04060652 frs-bus:OrdinaryShareClass1 2022-12-01 2023-11-30 04060652 frs-bus:OrdinaryShareClass1 2023-11-30 04060652 frs-bus:OrdinaryShareClass2 2022-12-01 2023-11-30 04060652 frs-bus:OrdinaryShareClass2 2023-11-30 04060652 frs-bus:Director1 2022-12-01 2023-11-30 04060652 frs-bus:Director2 2022-12-01 2023-11-30 04060652 frs-bus:CompanySecretary1 2022-12-01 2023-11-30 04060652 frs-countries:EnglandWales 2022-12-01 2023-11-30 04060652 2021-11-30 04060652 2022-11-30 04060652 2021-12-01 2022-11-30 04060652 frs-core:ShareCapital 2022-11-30 04060652 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 04060652 frs-bus:OrdinaryShareClass1 2021-12-01 2022-11-30 04060652 frs-bus:OrdinaryShareClass2 2021-12-01 2022-11-30
Registered number: 04060652
Ted Legg Sportfishing Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 04060652
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 14,594 18,503
14,594 18,503
CURRENT ASSETS
Debtors 4,743 7,536
Cash at bank and in hand 43,607 59,135
48,350 66,671
Creditors: Amounts Falling Due Within One Year (17,810 ) (33,833 )
NET CURRENT ASSETS (LIABILITIES) 30,540 32,838
TOTAL ASSETS LESS CURRENT LIABILITIES 45,134 51,341
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,455 ) (3,170 )
NET ASSETS 42,679 48,171
CAPITAL AND RESERVES
Called up share capital 6 55,299 55,299
Profit and Loss Account (12,620 ) (7,128 )
SHAREHOLDERS' FUNDS 42,679 48,171
Page 1
Page 2
For the year ending 30 November 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 November 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Stephen Legg
Director
14/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Ted Legg Sportfishing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04060652 . The registered office is 9 Green Lane, Gosport, Hampshire, PO12 4LP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax and other sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, has been amortised evenly over its estimated useful life of ten years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. 
Fishing licences
Amortisation has been provided at 10% straight line.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% straight line
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
Page 3
Page 4
2.6. 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.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
The average number of persons employed under contracts of service during the year was:  NIL (2022: NIL)
- -
4. Intangible Assets
Total
£
Cost
As at 1 December 2022 170,500
As at 30 November 2023 170,500
Amortisation
As at 1 December 2022 170,500
As at 30 November 2023 170,500
...CONTINUED
Page 4
Page 5
Net Book Value
As at 30 November 2023 -
As at 1 December 2022 -
Goodwill has been written off in equal annual instalments over its estimated economic life of 10 years and was fully ammortised as at 30/11/10. The fishing licence has been written off in equal annual instalments over its economic life of 5 years and was fully ammortised as at 30/11/09. 
5. Tangible Assets
Total
£
Cost
As at 1 December 2022 224,500
Additions 3,340
Disposals (1,777 )
As at 30 November 2023 226,063
Depreciation
As at 1 December 2022 205,997
Provided during the period 6,240
Disposals (768 )
As at 30 November 2023 211,469
Net Book Value
As at 30 November 2023 14,594
As at 1 December 2022 18,503
6. Share Capital
2023 2022
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.000 each 2 2
55,297 Ordinary A shares of £ 1.000 each 55,297 55,297
55,299 55,299
Page 5