Legacy Strategies Limited 31/01/2025 iXBRL

Company registration number: 09967624

Legacy Strategies Limited

Unaudited filleted financial statements

31 January 2025

Legacy Strategies Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Legacy Strategies Limited

Directors and other information


	Directors	Mrs S Clow


	Company number	09967624


	Registered office	82 West Street
		Rochford
		Essex
		SS4 1AS


	Accountants	Murphy Collins Limited
		Sovereign House
		82 West Street
		Rochford
		Essex
		SS4 1AS

Legacy Strategies Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Legacy Strategies Limited

Year ended 31 January 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Legacy Strategies Limited for the year ended 31 January 2025 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Legacy Strategies Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Legacy Strategies Limited and state those matters that we have agreed to state to the board of directors of Legacy Strategies Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Legacy Strategies Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Legacy Strategies Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Legacy Strategies Limited. You consider that Legacy Strategies Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Legacy Strategies Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Murphy Collins Limited

Sovereign House

82 West Street

Rochford

Essex

SS4 1AS

27 October 2025

Legacy Strategies Limited

Statement of financial position

31 January 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	2,871		3,828
		_______		_______
			2,871		3,828

Current assets
Debtors	7	44,883		56,260
Cash at bank and in hand		12,573		44,077
		_______		_______
		57,456		100,337
Creditors: amounts falling due
within one year	8	( 151,870)		( 181,843)
		_______		_______
Net current liabilities			( 94,414)		( 81,506)
			_______		_______
Total assets less current liabilities			( 91,543)		( 77,678)

Creditors: amounts falling due
after more than one year	9		( 3,333)		( 7,500)
			_______		_______
Net liabilities			( 94,876)		( 85,178)
			_______		_______

Capital and reserves
Called up share capital			120		120
Profit and loss account			( 94,996)		( 85,298)
			_______		_______
Shareholders deficit			( 94,876)		( 85,178)
			_______		_______

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

Directors 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 directors acknowledge their responsibilities for complying with the requirements of the Act 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 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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 27 October 2025 , and are signed on behalf of the board by:

Mrs S Clow

Director

Company registration number: 09967624

Legacy Strategies Limited

Statement of changes in equity

Year ended 31 January 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 February 2023	120	( 40,378)	( 40,258)

Loss for the year		( 13,420)	( 13,420)
	_______	_______	_______
Total comprehensive income for the year	-	( 13,420)	( 13,420)

Dividends paid and payable		( 31,500)	( 31,500)
	_______	_______	_______
Total investments by and distributions to owners	-	( 31,500)	( 31,500)

	_______	_______	_______
At 31 January 2024 and 1 February 2024	120	( 85,298)	( 85,178)

Loss for the year		( 9,698)	( 9,698)
	_______	_______	_______
Total comprehensive income for the year	-	( 9,698)	( 9,698)

	_______	_______	_______
At 31 January 2025	120	( 94,996)	( 94,876)
	_______	_______	_______

Legacy Strategies Limited

Notes to the financial statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Sovereign House, 82 West Street, Rochford, Essex, SS4 1AS.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The Director has been taking steps to reduce costs and improve profitability. It is expected that the company will achieve profits in the year to 31 January 2026.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover 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 at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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:


Fittings fixtures and equipment	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Staff costs

The average number of persons employed by the company during the year amounted to 7 (2024: 10 ).

The aggregate payroll costs incurred during the year were:

	2025	2024
	£	£
Wages and salaries	81,376	313,740
Social security costs	2,866	29,484
Other pension costs	458	3,709
	_______	_______
	84,700	346,933
	_______	_______

5. Tax on loss

Major components of tax expense/income

	2025	2024
	£	£
Deferred tax:
Origination and reversal of timing differences	-	( 381)
	_______	_______
Tax on loss	-	( 381)
	_______	_______

6. Tangible assets

	Fixtures, fittings and equipment	Total
	£	£
Cost
At 1 February 2024 and 31 January 2025	5,823	5,823
	_______	_______
Depreciation
At 1 February 2024	1,995	1,995
Charge for the year	957	957
	_______	_______
At 31 January 2025	2,952	2,952
	_______	_______
Carrying amount
At 31 January 2025	2,871	2,871
	_______	_______
At 31 January 2024	3,828	3,828
	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	18,630	33,083
Other debtors	26,253	23,177
	_______	_______
	44,883	56,260
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	5,000	5,000
Trade creditors	12,763	1,118
Social security and other taxes	129,778	171,652
Other creditors	4,329	4,073
	_______	_______
	151,870	181,843
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	3,333	7,500
	_______	_______

10. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mrs S Clow	635	15,729	( 13,017)	3,347
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mrs S Clow	( 17,207)	26,208	( 8,366)	635
		_______	_______	_______	_______