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Company Registration No. 12358373 (England and Wales)
Legacy Double Glazing And Bifolds Ltd Unaudited accounts for the year ended 31 December 2025
Legacy Double Glazing And Bifolds Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Legacy Double Glazing And Bifolds Ltd Company Information for the year ended 31 December 2025
Directors
FOLEY, Matthew Stephen FOLEY, Claire NEOFITOU, Lewis George
Company Number
12358373 (England and Wales)
Registered Office
Unit 2 Glenmore Centre Grove Business Park Downsview Road Wantage OX12 9GN United Kingdom
Accountants
J JENKIN & ASSOCIATES LIMITED POST OFFICE VAULTS 4 MARKET PLACE WANTAGE OXFORDSHIRE OX12 8AT
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Legacy Double Glazing And Bifolds Ltd Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
32,209
35,826
Current assets
Inventories
20,693
18,533
Debtors
5
7,149
16,181
Cash at bank and in hand
117,309
107,128
145,151
141,842
Creditors: amounts falling due within one year
6
(75,408)
(70,745)
Net current assets
69,743
71,097
Total assets less current liabilities
101,952
106,923
Creditors: amounts falling due after more than one year
7
(29,722)
(40,995)
Provisions for liabilities
Deferred tax
(7,730)
(8,550)
Net assets
64,500
57,378
Capital and reserves
Called up share capital
3
3
Profit and loss account
64,497
57,375
Shareholders' funds
64,500
57,378
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 July 2026 and were signed on its behalf by
NEOFITOU, Lewis George Director Company Registration No. 12358373
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Legacy Double Glazing And Bifolds Ltd Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Legacy Double Glazing And Bifolds Ltd is a private company, limited by shares, registered in England and Wales, registration number 12358373. The registered office is Unit 2 Glenmore Centre, Grove Business Park, Downsview Road, Wantage, OX12 9GN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
33% on cost
Stock
Stock has been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Legacy Double Glazing And Bifolds Ltd Notes to the Accounts for the year ended 31 December 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 January 2025
9,315
42,058
2,438
53,811
Additions
6,000
-
-
6,000
At 31 December 2025
15,315
42,058
2,438
59,811
Depreciation
At 1 January 2025
5,576
10,577
1,832
17,985
Charge for the year
935
7,870
812
9,617
At 31 December 2025
6,511
18,447
2,644
27,602
Net book value
At 31 December 2025
8,804
23,611
(206)
32,209
At 31 December 2024
3,739
31,481
606
35,826
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
-
9,121
Accrued income and prepayments
3,149
3,060
Other debtors
4,000
4,000
7,149
16,181
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
11,235
10,212
VAT
10,742
6,975
Trade creditors
2,372
11,693
Taxes and social security
40,952
36,623
Other creditors
183
1,135
Loans from directors
6,000
1
Accruals
3,924
4,106
75,408
70,745
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Legacy Double Glazing And Bifolds Ltd Notes to the Accounts for the year ended 31 December 2025
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
29,722
40,995
8
Average number of employees
During the year the average number of employees was 5 (2024: 5).
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