Leg-Gats Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05423964

Unaudited Financial Statements for the Year Ended 30 April 2019

for

Leg-Gats Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J A Leggat

SECRETARY:

Mrs J T Leggat

REGISTERED OFFICE:

Balmoral House

Warwick Court, Park Road

Middleton

Manchester

M24 1AE

REGISTERED NUMBER:

05423964

ACCOUNTANTS:

James Scott

Chartered Certified Accountant

Balmoral House

Warwick Court

Park Road

Middleton

Manchester

M24 1AE

FIXED ASSETS

Tangible assets

4

146,958

150,146

CURRENT ASSETS

Stocks

-

3,500

Debtors

1,686

141

Cash at bank and in hand

181,079

207,175

182,765

210,816

CREDITORS

Amounts falling due within one year

39,139

115,620

NET CURRENT ASSETS

143,626

95,196

TOTAL ASSETS LESS CURRENT LIABILITIES

290,584

245,342

CAPITAL AND RESERVES

Called up share capital

5

190,100

190,100

Retained earnings

100,484

55,242

SHAREHOLDERS' FUNDS

290,584

245,342

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 27 January 2020 and were signed by:

J A Leggat - Director

1.	STATUTORY INFORMATION

Leg-Gats Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Freehold property

-

Straight line over 100 years

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 8 (2018 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2018

and 30 April 2019

162,838

DEPRECIATION

At 1 May 2018

12,692

Charge for year

3,188

At 30 April 2019

15,880

NET BOOK VALUE

At 30 April 2019

146,958

At 30 April 2018

150,146

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.19

30.4.18

value:

£

£

190,100

Ordinary

£1

190,100

190,100