Company registration number 12769299 (England and Wales)
Legacy Pets Cremation Services Limited
Unaudited financial statements
For the year ended 31 March 2025
Legacy Pets Cremation Services Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7
Legacy Pets Cremation Services Limited
Statement of financial position
As at 31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
19,000
28,500
Tangible assets
5
234,887
73,286
253,887
101,786
Current assets
Stocks
5,855
5,000
Debtors
6
41,248
197,762
Cash at bank and in hand
165,226
51,248
212,329
254,010
Creditors: amounts falling due within one year
7
(181,681)
(136,607)
Net current assets
30,648
117,403
Total assets less current liabilities
284,535
219,189
Creditors: amounts falling due after more than one year
8
(174,656)
(178,483)
Net assets
109,879
40,706
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
109,779
40,606
Total equity
109,879
40,706
Legacy Pets Cremation Services Limited
Statement of financial position (continued)
As at 31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 11 September 2025 and are signed on its behalf by:
M Wilson
Director
Company registration number 12769299 (England and Wales)
Legacy Pets Cremation Services Limited
Notes to the financial statements
For the year ended 31 March 2025
- 3 -
1
Accounting policies
Company information

Legacy Pets Cremation Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Exchange, 5 Bank Street, Bury, Lancashire, United Kingdom, BL9 0DN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents the aggregate of the fair value of sale of goods and services provided, net of value added tax, rebates and discounts. Turnover from the sale of goods is recognised when the customer collects the goods or company has delivered products to the customer and collectability of the related receivables is fairly stated. Service turnover is recognised as those services are provided to customers.

1.4
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortized evenly over the its estimated useful life of five years

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
Not Depreciated
Fixtures and fittings
15% on Reducing balance method
Computers
33% on Reducing balance method

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Legacy Pets Cremation Services Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently m easured at amortised cost, being the transaction price less any amounts settled.

1.9
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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

1.10
Leases
As lessee

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Legacy Pets Cremation Services Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Estimating the useful economic life of an asset and the anticipated residual value are considered the key judgement in calculating an appropriate depreciation or amortisation charge.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
18
21
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
47,500
Amortisation and impairment
At 1 April 2024
19,000
Amortisation charged for the year
9,500
At 31 March 2025
28,500
Carrying amount
At 31 March 2025
19,000
At 31 March 2024
28,500
Legacy Pets Cremation Services Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
- 6 -
5
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024
57,087
23,368
80,455
Additions
163,344
2,908
166,252
At 31 March 2025
220,431
26,276
246,707
Depreciation and impairment
At 1 April 2024
-
0
7,169
7,169
Depreciation charged in the year
-
0
4,651
4,651
At 31 March 2025
-
0
11,820
11,820
Carrying amount
At 31 March 2025
220,431
14,456
234,887
At 31 March 2024
57,087
16,199
73,286
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
41,248
197,762
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
3,825
3,517
Trade creditors
28,473
31,678
Taxation and social security
92,184
70,555
Other creditors
57,199
30,857
181,681
136,607
8
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
174,656
178,483
Legacy Pets Cremation Services Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
8
Creditors: amounts falling due after more than one year
(Continued)
- 7 -

Bank loans are secured by a fixed and floating charge over the assets of the company.

Amounts falling due in more than five years - £155,710

9
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
46,000
68,167
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