REGISTERED NUMBER: SC694882 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

JS LEGEND LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Shade

SECRETARY:

REGISTERED OFFICE:

Unit 38 Mayfield Industrial Estate

Mayfield

Dalkeith

Midlothian

EH22 4AD

REGISTERED NUMBER:

SC694882 (Scotland)

ACCOUNTANTS:

AGB Accounting & Tax Consultants Limited

27 Guardwell Crescent

Edinburgh

EH17 7JA

BANKERS:

The Royal Bank of Scotland plc

36 St Andrew Square

Edinburgh

EH2 2YB

FIXED ASSETS

Tangible assets

4

1,367,285

430,399

CURRENT ASSETS

Debtors

5

63,942

19,492

Investments

6

50,868

50,868

Cash at bank and in hand

238,426

236,922

353,236

307,282

CREDITORS

Amounts falling due within one year

7

720,397

194,188

NET CURRENT (LIABILITIES)/ASSETS

(367,161

)

113,094

TOTAL ASSETS LESS CURRENT LIABILITIES

1,000,124

543,493

PROVISIONS FOR LIABILITIES

23,872

8,475

NET ASSETS

976,252

535,018

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

976,152

534,918

SHAREHOLDERS' FUNDS

976,252

535,018

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

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

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 19 December 2025 and were signed by:

J Shade - Director

1.	STATUTORY INFORMATION

JS Legend Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on cost and 20% on reducing balance

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 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

410,000

67,847

477,847

Additions

901,525

102,100

1,003,625

At 31 March 2025

1,311,525

169,947

1,481,472

DEPRECIATION

At 1 April 2024

13,500

33,948

47,448

Charge for year

26,230

40,509

66,739

At 31 March 2025

39,730

74,457

114,187

NET BOOK VALUE

At 31 March 2025

1,271,795

95,490

1,367,285

At 31 March 2024

396,500

33,899

430,399

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

7,292

-

Other debtors

56,650

19,492

63,942

19,492

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Unlisted investments

50,868

50,868

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

106

106

Taxation and social security

163,474

107,532

Other creditors

556,817

86,550

720,397

194,188

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in "Other creditors: amounts falling due within one year" is an amount of £15,001 (2024 - £42,750) due to J Shade, the director of the company. No fixed interest rates or repayment terms apply.

10.	RELATED PARTY DISCLOSURES

During the year, the company purchased a property amounting to £901,525 from Mr J Shade, in the normal course of business. Mr J Shade is a shareholder and director of the company.