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Registration number: 08528885

Leggero Forte Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Leggero Forte Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Leggero Forte Limited

Company Information

Director

J H Payne

Registered office

20 Westbury Close
Fleet
Hampshire
GU51 3HR

Accountants

Sable & Argent Limited
Chartered Accountants
2 Elvetham Crescent
Fleet
Hampshire
GU51 1BU

 

Leggero Forte Limited

(Registration number: 08528885)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

6,642

8,434

Current assets

 

Debtors

5

306,674

448,353

Cash at bank and in hand

 

441,878

350,475

 

748,552

798,828

Creditors: Amounts falling due within one year

6

(200,802)

(260,180)

Net current assets

 

547,750

538,648

Total assets less current liabilities

 

554,392

547,082

Provisions for liabilities

7

(1,661)

(1,602)

Net assets

 

552,731

545,480

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

552,631

545,380

Shareholders' funds

 

552,731

545,480

For the financial 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 September 2024
 

J H Payne
Director

   
     
 

Leggero Forte Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
20 Westbury Close
Fleet
Hampshire
GU51 3HR

These financial statements were authorised for issue by the director on 9 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities during the year. Turnover is shown net of value added tax.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Leggero Forte Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% p.a. straight line on cost

Motor vehicles

20% p.a. straight line on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised at the transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons (including the director) employed by the company in the year, was 2 (2023: 2).

 

Leggero Forte Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Office equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2023

25,182

21,495

46,677

At 31 July 2024

25,182

21,495

46,677

Depreciation

At 1 August 2023

22,798

15,445

38,243

Charge for the year

1,192

600

1,792

At 31 July 2024

23,990

16,045

40,035

Carrying amount

At 31 July 2024

1,192

5,450

6,642

At 31 July 2023

2,384

6,050

8,434

5

Debtors

Current

2024
£

2023
£

Trade debtors

304,121

443,646

Prepayments

957

-

Other debtors

1,596

4,707

 

306,674

448,353

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

45,301

103,737

Taxation and social security

10,799

35,002

Accruals and deferred income

1,642

750

Other creditors

143,060

120,691

200,802

260,180

 

Leggero Forte Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

7

Provisions for liabilities

Deferred tax
£

Total
£

At 1 August 2023

1,602

1,602

Increase (decrease) in existing provisions

59

59

At 31 July 2024

1,661

1,661

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

A ordinary of £1 each

80

80

80

80

B ordinary of £1 each

20

20

20

20

100

100

100

100