0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-08-01 Sage Accounts Production Advanced 2024 - FRS102_2024 5,800 5,800 xbrli:pure xbrli:shares iso4217:GBP 9684853 2023-08-01 2024-07-31 9684853 2024-07-31 9684853 2023-07-31 9684853 2022-08-01 2023-07-31 9684853 2023-07-31 9684853 2022-07-31 9684853 core:NetGoodwill 2023-08-01 2024-07-31 9684853 bus:Director1 2023-08-01 2024-07-31 9684853 core:NetGoodwill 2024-07-31 9684853 core:WithinOneYear 2024-07-31 9684853 core:WithinOneYear 2023-07-31 9684853 core:ShareCapital 2024-07-31 9684853 core:ShareCapital 2023-07-31 9684853 core:RetainedEarningsAccumulatedLosses 2024-07-31 9684853 core:RetainedEarningsAccumulatedLosses 2023-07-31 9684853 core:AfterOneYear 2024-07-31 9684853 core:AfterOneYear 2023-07-31 9684853 bus:SmallEntities 2023-08-01 2024-07-31 9684853 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 9684853 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 9684853 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 9684853 bus:FullAccounts 2023-08-01 2024-07-31
COMPANY REGISTRATION NUMBER: 9684853
Legacy Media Ltd
Filleted Unaudited Financial Statements
31 July 2024
Legacy Media Ltd
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
10
352
Current assets
Debtors
7
13,471
11,122
Cash at bank and in hand
34
552
-------
-------
13,505
11,674
Creditors: amounts falling due within one year
8
13,358
11,806
-------
-------
Net current assets/(liabilities)
147
( 132)
---
---
Total assets less current liabilities
157
220
Provisions
Taxation including deferred tax
2
67
---
---
Net assets
155
153
---
---
Capital and reserves
Called up share capital
100
100
Profit and loss account
55
53
---
---
Shareholders funds
155
153
---
---
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 23 April 2025 , and are signed on behalf of the board by:
Mr G Stoker
Director
Company registration number: 9684853
Legacy Media Ltd
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 31 New Road, Ham, Richmond, Surrey, TW10 7HZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Revenue recognition
The turnover shown in the profit and loss account represents amounts receivable for services provided during the year, exclusive of Value Added Tax.
(c) Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
(d) Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill
-
20% straight line
(e) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(f) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office Equipment
-
33% straight line
(g) Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The company has no employees with all work undertaken by the director who is not engaged under a service contract.
5. Intangible assets
Goodwill
£
Cost
At 1 August 2023 and 31 July 2024
5,800
------
Amortisation
At 1 August 2023 and 31 July 2024
5,800
------
Carrying amount
At 31 July 2024
------
At 31 July 2023
------
6. Tangible assets
Equipment
Total
£
£
Cost
At 1 August 2023 and 31 July 2024
3,836
3,836
------
------
Depreciation
At 1 August 2023
3,484
3,484
Charge for the year
342
342
------
------
At 31 July 2024
3,826
3,826
------
------
Carrying amount
At 31 July 2024
10
10
------
------
At 31 July 2023
352
352
------
------
7. Debtors
2024
2023
£
£
Trade debtors
840
2,334
Other debtors
12,631
8,788
-------
-------
13,471
11,122
-------
-------
The debtors above include the following amounts falling due after more than one year:
2024
2023
£
£
Other debtors
2,168
1,796
------
------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
4,962
4,631
Corporation tax
5,811
5,418
Social security and other taxes
1,396
628
Other creditors
1,189
1,129
-------
-------
13,358
11,806
-------
-------
9. Director's advances, credits and guarantees
Debtors include £10,381 (2023: £6,937) due from the director. Amounts advanced during the year totalled £8,903 and repayments in the year totalled £5,459. The outstanding amount is unsecured, subject to interest at the official rate advised by HM Revenue and Customs and repayable on demand.