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REGISTERED NUMBER: 10812256 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

LEGGES LIMITED

LEGGES LIMITED (REGISTERED NUMBER: 10812256)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEGGES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mr A Legge





REGISTERED OFFICE: 4 The Sheepcote, Monks Orchard
Lumber Lane
Lugwardine
Hereford
HR1 4AG





REGISTERED NUMBER: 10812256 (England and Wales)





ACCOUNTANTS: Cole & Co
4 The Sheepcote
Monks Orchard
Lumber Lane, Lugwardine
Hereford
Herefordshire
HR1 4AG

LEGGES LIMITED (REGISTERED NUMBER: 10812256)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 79,674 93,065

CURRENT ASSETS
Stocks 152,592 132,000
Debtors 5 239,445 318,340
Cash at bank and in hand 60,065 30,052
452,102 480,392
CREDITORS
Amounts falling due within one year 6 (163,126 ) (189,851 )
NET CURRENT ASSETS 288,976 290,541
TOTAL ASSETS LESS CURRENT LIABILITIES 368,650 383,606

CREDITORS
Amounts falling due after more than one
year

7

(10,741

)

(29,052

)
NET ASSETS 357,909 354,554

CAPITAL AND RESERVES
Called up share capital 8 7,010 7,010
Retained earnings 350,899 347,544
SHAREHOLDERS' FUNDS 357,909 354,554

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

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

LEGGES LIMITED (REGISTERED NUMBER: 10812256)

BALANCE SHEET - continued
31 OCTOBER 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 director and authorised for issue on 28 April 2025 and were signed by:





Mr A Legge - Director


LEGGES LIMITED (REGISTERED NUMBER: 10812256)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Legges 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 company's functional and presentational currency in the financial statements is Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. The policies have been consistently applied to all years presented unless otherwise stated.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statement 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 the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements for the year ended 31 October 2022 are the first financial statements that have been prepared with Financial Reporting Standard 102 1A. The date of transition is 1 November 2020.

The transition to Financial Reporting Standard 102 1A has resulted in changes to existing accounting policies as noted below. We have amended the prior year with a deferred tax provision which wasn't required under Financial Reporting Standard 105.

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.
Long leasehold - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 15% on reducing balance

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

FINANCIAL INSTRUMENTS
Basic financial instruments are recognised at amortised cost.

TAXATION
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and calculated using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


LEGGES LIMITED (REGISTERED NUMBER: 10812256)

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

2. ACCOUNTING POLICIES - continued
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.

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 45 (2023 - 45 ) .

4. TANGIBLE FIXED ASSETS
Long Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 19,556 157,821 15,495 8,941 201,813
Additions - 5,925 - 720 6,645
At 31 October 2024 19,556 163,746 15,495 9,661 208,458
DEPRECIATION
At 1 November 2023 13,133 81,537 10,418 3,660 108,748
Charge for year 1,285 16,442 1,269 1,040 20,036
At 31 October 2024 14,418 97,979 11,687 4,700 128,784
NET BOOK VALUE
At 31 October 2024 5,138 65,767 3,808 4,961 79,674
At 31 October 2023 6,423 76,284 5,077 5,281 93,065

LEGGES LIMITED (REGISTERED NUMBER: 10812256)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,146 34,232
Legges of Bromyard debtor 194,299 260,939
Other debtors 9,000 9,000
VAT - 14,169
239,445 318,340

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,333 8,333
Hire purchase contracts - 1,543
Trade creditors 112,355 141,128
Tax 28,337 26,292
Social security and other taxes 7,608 4,470
Pensions payable 1,006 1,615
VAT 2,287 -
Accrued expenses 3,200 6,470
163,126 189,851

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bounce back loan account 10,000 20,000
Directors' loan accounts 741 9,052
10,741 29,052

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
7,010 Share capital 1 £1 7,010 7,010