Legacie Contracts Limited - Limited company accounts 18.2

REGISTERED NUMBER: 09494137 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2019

FOR

LEGACIE CONTRACTS LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

B Donoghue

A R Marley

P Mcgowan

I G Waterson

I G Williams

REGISTERED OFFICE:

Number 19

Old Hall Street

Liverpool

Merseyside

L3 9JQ

REGISTERED NUMBER:

09494137 (England and Wales)

ACCOUNTANTS:

Guild Appleton Limited

Chartered Certified Accountants

Number 19

Old Hall Street

Liverpool

Merseyside

L3 9JQ

The directors present their report with the financial statements of the company for the year ended 31st March 2019.

PRINCIPAL ACTIVITY

Building and construction works.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st April 2018 to the date of this report.

B Donoghue

A R Marley

Other changes in directors holding office are as follows:

P Mcgowan - appointed 7th June 2018

I G Waterson - appointed 7th June 2018

I G Williams - appointed 7th June 2018

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

B Donoghue - Director

27th December 2019

TURNOVER

12,323,650

9,883,803

Cost of sales

(11,321,995

)

(8,909,546

)

GROSS PROFIT

1,001,655

974,257

Administrative expenses

(911,718

)

(931,277

)

OPERATING PROFIT

89,937

42,980

Interest receivable and similar income

282

-

PROFIT BEFORE TAXATION

90,219

42,980

Tax on profit

(17,142

)

(8,166

)

PROFIT FOR THE FINANCIAL YEAR

73,077

34,814

CURRENT ASSETS

Debtors

4

2,844,155

2,092,300

Cash at bank and in hand

5,940

176,549

2,850,095

2,268,849

CREDITORS

Amounts falling due within one year

5

(2,693,540

)

(2,185,371

)

NET CURRENT ASSETS

156,555

83,478

TOTAL ASSETS LESS CURRENT
LIABILITIES

156,555

83,478

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

156,455

83,378

SHAREHOLDERS' FUNDS

156,555

83,478

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors on 27th December 2019 and were signed on its behalf
by:

B Donoghue - Director

1.	STATUTORY INFORMATION

Legacie Contracts 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2018 - NIL ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

Trade debtors

2,844,155

1,950,594

Other debtors

-

141,706

2,844,155

2,092,300

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

Trade creditors

2,076,955

1,537,616

Taxation and social security

35,634

59,159

Other creditors

580,951

588,596

2,693,540

2,185,371