IRIS Accounts Production v24.3.2.46 05847466 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058474662023-05-31058474662024-05-31058474662023-06-012024-05-31058474662022-05-31058474662022-06-012023-05-31058474662023-05-3105847466ns15:EnglandWales2023-06-012024-05-3105847466ns14:PoundSterling2023-06-012024-05-3105847466ns10:Director12023-06-012024-05-3105847466ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3105847466ns10:SmallEntities2023-06-012024-05-3105847466ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3105847466ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3105847466ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3105847466ns10:FullAccounts2023-06-012024-05-3105847466ns10:Director22023-06-012024-05-3105847466ns10:Director32023-06-012024-05-3105847466ns10:Director42023-06-012024-05-3105847466ns10:CompanySecretary12023-06-012024-05-3105847466ns10:RegisteredOffice2023-06-012024-05-3105847466ns5:CurrentFinancialInstruments2024-05-3105847466ns5:CurrentFinancialInstruments2023-05-3105847466ns5:ShareCapital2024-05-3105847466ns5:ShareCapital2023-05-3105847466ns5:RetainedEarningsAccumulatedLosses2024-05-3105847466ns5:RetainedEarningsAccumulatedLosses2023-05-3105847466ns5:PlantMachinery2023-06-012024-05-3105847466ns5:PlantMachinery2023-05-3105847466ns5:PlantMachinery2024-05-3105847466ns5:PlantMachinery2023-05-3105847466ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3105847466ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31
REGISTERED NUMBER: 05847466 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 May 2024

for

The Legstraps Ltd

The Legstraps Ltd (Registered number: 05847466)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Legstraps Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr I C Craig
Mrs E A Craig
Mr D W Smith
Mrs S L Smith





SECRETARY: Mrs E A Craig





REGISTERED OFFICE: St George's House
14 George Street
Huntingdon
Cambridgeshire
PE29 3GH





REGISTERED NUMBER: 05847466 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
St George's House
George Street
Huntingdon
Cambridgeshire
PE29 3GH

The Legstraps Ltd (Registered number: 05847466)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 15,932 13,704

CURRENT ASSETS
Stocks 8,481 3,519
Debtors 6 9,186 1,091
Cash at bank and in hand 13,239 7,532
30,906 12,142
CREDITORS
Amounts falling due within one year 7 235,070 170,878
NET CURRENT LIABILITIES (204,164 ) (158,736 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(188,232

)

(145,032

)

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings (198,232 ) (155,032 )
SHAREHOLDERS' FUNDS (188,232 ) (145,032 )

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

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

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 2 January 2025 and were signed on its behalf by:





Mr I C Craig - Director


The Legstraps Ltd (Registered number: 05847466)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

The Legstraps 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. 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. These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

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.
Plant and machinery etc - 20% on reducing balance and 10% on cost

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

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 27 ) .

The Legstraps Ltd (Registered number: 05847466)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 73,876
Additions 5,245
At 31 May 2024 79,121
DEPRECIATION
At 1 June 2023 60,172
Charge for year 3,017
At 31 May 2024 63,189
NET BOOK VALUE
At 31 May 2024 15,932
At 31 May 2023 13,704

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,091
Other debtors 9,186 -
9,186 1,091

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 11,862 16,212
Taxation and social security 45,643 37,720
Other creditors 177,565 116,946
235,070 170,878

8. GOING CONCERN



As at the balance sheet date the company had net current liabilities. Whilst the directors are aware of the position of the company, the business is being carried out with a long term aim of profitability and with the continuing support of the directors.