REGISTERED NUMBER: 10620895 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Legacy Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S J Jones

REGISTERED OFFICE:

18 St Christopher's Way

Pride Park

Derby

Derbyshire

DE24 8JY

REGISTERED NUMBER:

10620895 (England and Wales)

ACCOUNTANTS:

Franklins

18 St Christopher's Way

Pride Park

Derby

Derbyshire

DE24 8JY

FIXED ASSETS

Tangible assets

4

199

133

CURRENT ASSETS

Debtors

5

341,055

322,800

Cash at bank

40,776

251,205

381,831

574,005

CREDITORS

Amounts falling due within one year

6

181,519

227,065

NET CURRENT ASSETS

200,312

346,940

TOTAL ASSETS LESS CURRENT LIABILITIES

200,511

347,073

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

200,411

346,973

SHAREHOLDERS' FUNDS

200,511

347,073

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2026 and were signed by:

S J Jones - Director

1.	STATUTORY INFORMATION

Legacy Associates Limited is a private company, limited by shares , registered in England and Wales. 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.

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year 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 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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 March 2024

391

2,289

2,680

Additions

-

291

291

At 28 February 2025

391

2,580

2,971

DEPRECIATION

At 1 March 2024

258

2,289

2,547

Charge for year

129

96

225

At 28 February 2025

387

2,385

2,772

NET BOOK VALUE

At 28 February 2025

4

195

199

At 29 February 2024

133

-

133

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

119,713

112,834

S455 Debtor

39,224

15,133

Directors' current accounts

181,296

194,833

VAT

822

-

341,055

322,800

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

4,681

4,940

Tax

174,622

153,046

VAT

-

67,598

Accruals and deferred income

2,216

1,481

181,519

227,065

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025

2024

£

£

S J Jones

Balance outstanding at start of year

194,833

120,061

Amounts advanced

165,993

152,940

Amounts repaid

(179,530

)

(78,168

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

181,296

194,833

Interest was charged on the overdrawn director's loan account at HM Revenue & Customs official rate of interest during the year being 2.25% per annum.

9.	RELATED PARTY DISCLOSURES

During the year, a balance existed with a company in which the controlling director is also a director and can exercise significant influence. At the year end, the balance owed from the company amounted to £114,583 (2024: £112,834)

During the year, a balance existed with a company in which the controlling director is also a director and can exercise significant influence.. At the year end, the balance owed from the company amounted to £5,130 (2024: £NIL)