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REGISTERED NUMBER: 12358373 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Legacy Double Glazing And Bifolds Ltd

Legacy Double Glazing And Bifolds Ltd (Registered number: 12358373)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Legacy Double Glazing And Bifolds Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M S Foley
Mrs C Foley
L G Neofitou





REGISTERED OFFICE: Unit 2 Glenmore Centre
Grove Business Park
Downsview Road
Wantage
OX12 9GN





REGISTERED NUMBER: 12358373 (England and Wales)





ACCOUNTANTS: Aspen Waite South Ltd
Boston House
Grove Business Park
Wantage
Oxfordshire
OX12 9FF

Legacy Double Glazing And Bifolds Ltd (Registered number: 12358373)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,826 26,041

CURRENT ASSETS
Stocks 18,533 7,105
Debtors 5 16,181 8,469
Cash at bank 107,128 97,122
141,842 112,696
CREDITORS
Amounts falling due within one year 6 70,745 48,416
NET CURRENT ASSETS 71,097 64,280
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,923

90,321

CREDITORS
Amounts falling due after more than one
year

7

(40,995

)

(51,713

)

PROVISIONS FOR LIABILITIES (8,550 ) (5,722 )
NET ASSETS 57,378 32,886

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 57,375 32,883
SHAREHOLDERS' FUNDS 57,378 32,886

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

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

Legacy Double Glazing And Bifolds Ltd (Registered number: 12358373)

Balance Sheet - continued
31 December 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 21 March 2025 and were signed on its behalf by:





Mrs C Foley - Director


Legacy Double Glazing And Bifolds Ltd (Registered number: 12358373)

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

1. STATUTORY INFORMATION

Legacy Double Glazing And Bifolds 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.

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.

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

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.

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.

Legacy Double Glazing And Bifolds Ltd (Registered number: 12358373)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 8,273 25,480 2,438 36,191
Additions 1,042 16,578 - 17,620
At 31 December 2024 9,315 42,058 2,438 53,811
DEPRECIATION
At 1 January 2024 4,442 4,689 1,019 10,150
Charge for year 1,134 5,889 812 7,835
At 31 December 2024 5,576 10,578 1,831 17,985
NET BOOK VALUE
At 31 December 2024 3,739 31,480 607 35,826
At 31 December 2023 3,831 20,791 1,419 26,041

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 9,121 2,274
Other debtors 7,060 6,195
16,181 8,469

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 10,212 9,027
Trade creditors 11,693 -
Taxation and social security 43,598 28,007
Other creditors 5,242 11,382
70,745 48,416

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 40,995 51,713

Legacy Double Glazing And Bifolds Ltd (Registered number: 12358373)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.24 31.12.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,050 7,752

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 7,887 15,330
Between one and five years 1,632 7,887
In more than five years - 1,632
9,519 24,849

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
3 Ordinary £1 3 3