IRIS Accounts Production v24.1.0.578 10675751 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh106757512023-03-31106757512024-03-31106757512023-04-012024-03-31106757512022-03-31106757512022-04-012023-03-31106757512023-03-3110675751ns15:EnglandWales2023-04-012024-03-3110675751ns14:PoundSterling2023-04-012024-03-3110675751ns10:Director12023-04-012024-03-3110675751ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110675751ns10:SmallEntities2023-04-012024-03-3110675751ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110675751ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110675751ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110675751ns10:FullAccounts2023-04-012024-03-3110675751ns10:Director22023-04-012024-03-3110675751ns10:RegisteredOffice2023-04-012024-03-3110675751ns5:CurrentFinancialInstruments2024-03-3110675751ns5:CurrentFinancialInstruments2023-03-3110675751ns5:ShareCapital2024-03-3110675751ns5:ShareCapital2023-03-3110675751ns5:RetainedEarningsAccumulatedLosses2024-03-3110675751ns5:RetainedEarningsAccumulatedLosses2023-03-3110675751ns5:LeaseholdImprovements2023-04-012024-03-3110675751ns5:ComputerEquipment2023-04-012024-03-3110675751ns5:LeaseholdImprovements2023-03-3110675751ns5:FurnitureFittings2023-03-3110675751ns5:ComputerEquipment2023-03-3110675751ns5:FurnitureFittings2023-04-012024-03-3110675751ns5:LeaseholdImprovements2024-03-3110675751ns5:FurnitureFittings2024-03-3110675751ns5:ComputerEquipment2024-03-3110675751ns5:LeaseholdImprovements2023-03-3110675751ns5:FurnitureFittings2023-03-3110675751ns5:ComputerEquipment2023-03-3110675751ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3110675751ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 10675751 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

LEGGE INFRASTRUCTURE SERVICES LIMITED

LEGGE INFRASTRUCTURE SERVICES LIMITED (REGISTERED NUMBER: 10675751)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEGGE INFRASTRUCTURE SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr D Legge
Mrs N Legge





REGISTERED OFFICE: 1st Floor
49 High Street
Hucknall
Nottinghamshire
NG15 7AW





REGISTERED NUMBER: 10675751 (England and Wales)





ACCOUNTANTS: Elkingtons Accountants Limited
1st Floor
49 High Street
Hucknall
Nottinghamshire
NG15 7AW

LEGGE INFRASTRUCTURE SERVICES LIMITED (REGISTERED NUMBER: 10675751)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 120,761 81,347
Investment property 5 1,311,767 1,311,767
1,432,528 1,393,114

CURRENT ASSETS
Stocks 310,885 333,577
Debtors 6 9,686 99,931
Investments 7 1,175,144 1,024,445
Cash at bank 722,742 570,962
2,218,457 2,028,915
CREDITORS
Amounts falling due within one year 8 563,882 1,069,259
NET CURRENT ASSETS 1,654,575 959,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,087,103

2,352,770

PROVISIONS FOR LIABILITIES 5,924 4,228
NET ASSETS 3,081,179 2,348,542

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,081,079 2,348,442
3,081,179 2,348,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

LEGGE INFRASTRUCTURE SERVICES LIMITED (REGISTERED NUMBER: 10675751)

BALANCE SHEET - continued
31ST MARCH 2024


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 Board of Directors and authorised for issue on 30th August 2024 and were signed on its behalf by:





Mr D Legge - Director


LEGGE INFRASTRUCTURE SERVICES LIMITED (REGISTERED NUMBER: 10675751)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Legge Infrastructure 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Computer equipment - 33% on cost

Investment property
The investment properties were valued on a fair value basis on 31st March 2023 by director, Mr D Legge.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


LEGGE INFRASTRUCTURE SERVICES LIMITED (REGISTERED NUMBER: 10675751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Amounts recoverable on contracts
Where the outcome of a contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the balance sheet date. The company uses the "percentage of completion method" to determine the appropriate amount to recognise in a given period. The assessment of the stage of completion is dependent on the nature of the contract, but will generally be based on the estimated proportion of the total contract costs which have been incurred to date. If a contract is expected to be loss-making, a provision is recognised immediately for the entire loss.

Investments
Investments comprise of unquoted equity instruments which are measured at fair value. Changes in fair value are recognised in the profit & loss account. Fair value has been established by using a professional valuation by St. James's Place at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1st April 2023 43,083 45,718 11,339 100,140
Additions 33,926 24,261 2,498 60,685
At 31st March 2024 77,009 69,979 13,837 160,825
DEPRECIATION
At 1st April 2023 8,628 3,021 7,144 18,793
Charge for year 3,928 14,746 2,597 21,271
At 31st March 2024 12,556 17,767 9,741 40,064
NET BOOK VALUE
At 31st March 2024 64,453 52,212 4,096 120,761
At 31st March 2023 34,455 42,697 4,195 81,347

5. INVESTMENT PROPERTY

Investment properties are stated at their fair value at the balance sheet date.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 86,940
Other debtors 9,686 12,991
9,686 99,931

LEGGE INFRASTRUCTURE SERVICES LIMITED (REGISTERED NUMBER: 10675751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unit trust investment 1,175,144 1,024,445

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,555 2,630
Trade creditors 34,256 126,758
Taxation and social security 438,850 387,650
Other creditors 85,221 552,221
563,882 1,069,259