REGISTERED NUMBER: 11410900 (England and Wales)

Unaudited Financial Statements

for the Period 13 December 2023 to 31 January 2025

for

LEGACY SILVERWARE LIMITED

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

4,585

5,394

4,585

5,394

CURRENT ASSETS

Stocks

10,125

16,125

Debtors

12,300

24,067

Cash at bank

72,315

31,860

94,740

72,052

CREDITORS

Amounts falling due within one year

32,887

51,526

NET CURRENT ASSETS

61,853

20,526

TOTAL ASSETS LESS CURRENT LIABILITIES

66,438

25,920

CREDITORS

Amounts falling due after more than one year

91,123

76,382

NET LIABILITIES

(24,685

)

(50,462

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(24,687

)

(50,464

)

(24,685

)

(50,462

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2025 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the period ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2025 and were signed on its behalf by:

Mr J H Beatson - Director

1.	STATUTORY INFORMATION

LEGACY SILVERWARE LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11410900

Registered office:

Nimrod Works

Trinity Street

Sheffield

South Yorkshire

S3 7AJ

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

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

-

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.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 13 December 2023

and 31 January 2025

5,000

AMORTISATION

At 13 December 2023

and 31 January 2025

5,000

NET BOOK VALUE

At 31 January 2025

-

At 12 December 2023

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 13 December 2023

and 31 January 2025

10,548

DEPRECIATION

At 13 December 2023

5,154

Charge for period

809

At 31 January 2025

5,963

NET BOOK VALUE

At 31 January 2025

4,585

At 12 December 2023

5,394