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REGISTERED NUMBER: 02988462 (England and Wales)












Unaudited Financial Statements for the Year Ended 30 November 2023

for

Legend Solutions Limited

Legend Solutions Limited (Registered number: 02988462)






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


Legend Solutions Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr D A Lander





SECRETARY: Mrs J E Lander





REGISTERED OFFICE: 28 Beaufort Avenue
Fareham
Hampshire
PO16 7PB





REGISTERED NUMBER: 02988462 (England and Wales)





ACCOUNTANTS: Price Green & Co
Lynnem House
1 Victoria Way
Burgess Hill
West Sussex
RH15 9NF

Legend Solutions Limited (Registered number: 02988462)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,238 1,715

CURRENT ASSETS
Debtors 5 62,462 32,511

CREDITORS
Amounts falling due within one year 6 54,615 53,365
NET CURRENT ASSETS/(LIABILITIES) 7,847 (20,854 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,085

(19,139

)

CREDITORS
Amounts falling due after more than one
year

7

8,800

13,600
NET ASSETS/(LIABILITIES) 285 (32,739 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 283 (32,741 )
SHAREHOLDERS' FUNDS 285 (32,739 )

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 29 August 2024 and were signed by:



Mr D A Lander - Director


Legend Solutions Limited (Registered number: 02988462)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Legend Solutions 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. 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.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

Pension costs and other post-retirement benefits
Contributions payable to the director's pension scheme are charged to the profit and loss account in the period to which they are paid.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Legend Solutions Limited (Registered number: 02988462)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022
and 30 November 2023 380 10,000 1,872 12,252
DEPRECIATION
At 1 December 2022 261 8,998 1,278 10,537
Charge for year 30 251 196 477
At 30 November 2023 291 9,249 1,474 11,014
NET BOOK VALUE
At 30 November 2023 89 751 398 1,238
At 30 November 2022 119 1,002 594 1,715

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 11,634 2,231
Other debtors 50,828 30,280
62,462 32,511

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 9,833 11,826
Trade creditors 995 1,506
Taxation and social security 43,787 11,368
Other creditors - 28,665
54,615 53,365

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 8,800 13,600

Legend Solutions Limited (Registered number: 02988462)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank overdrafts 5,033 7,026
Bank loans 13,600 18,400
18,633 25,426

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
Mr D A Lander
Balance outstanding at start of year (28,665 ) 110,749
Amounts advanced 72,235 52,664
Amounts repaid (31,080 ) (192,078 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,490 (28,665 )

Interest was charged on the loan at 2% from April 2022, and 2.25% from April 2023.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £13,000 (2022: £Nil) were paid to the director.

The company was controlled throughout the current and previous year by its director Mr D A Lander. The director's wife Mrs J Lander holds one share (2022: one share) in the company.

The director has given personal guarantees on the bank overdraft up to £9,500 (2022:£9,500).