Company Registration No. 03805081 (England and Wales)
PR and RH Leggett Limited
Unaudited accounts
for the year ended 31 July 2018
PR and RH Leggett Limited
Unaudited accounts
Contents
PR and RH Leggett Limited
Company Information
for the year ended 31 July 2018
Directors
Paul Robert Leggett
Robert Hartley Leggett
Catherine Margaret Leggett
Secretary
Robert Hartley Leggett
Company Number
03805081 (England and Wales)
Registered Office
Walnut Tree Farm
Main Road, Ashbocking
Ipswich
Suffolk
IP6 9JX
England
Accountants
Quove Accounting Ltd
The Vision Centre
5 Eastern Way
Bury St Edmunds
Suffolk
IP32 7AB
PR and RH Leggett Limited
Statement of financial position
as at
31 July 2018
Tangible assets
1,474,710
1,562,636
Inventories
36,000
40,500
Cash at bank and in hand
61,229
250,239
Creditors: amounts falling due within one year
(226,463)
(467,692)
Net current assets/(liabilities)
12,135
(62,532)
Total assets less current liabilities
1,486,845
1,500,104
Creditors: amounts falling due after more than one year
(18,997)
(34,203)
Net assets
1,467,848
1,465,901
Called up share capital
10
10
Profit and loss account
1,467,838
1,465,891
Shareholders' funds
1,467,848
1,465,901
For the year ending 31 July 2018 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.
Approved by the Board on 11 February 2019.
Robert Hartley Leggett
Director
Company Registration No. 03805081
PR and RH Leggett Limited
Notes to the Accounts
for the year ended 31 July 2018
PR and RH Leggett Limited is a private company, limited by shares, registered in England and Wales, registration number 03805081. The registered office is Walnut Tree Farm, Main Road, Ashbocking, Ipswich, Suffolk, IP6 9JX, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Land & buildings
5% Straight Line
Plant & machinery
25% Written Down Value
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 August 2017
1,365,933
1,286,127
2,652,060
Additions
10,787
102,696
113,483
Disposals
-
(74,595)
(74,595)
At 31 July 2018
1,376,720
1,314,228
2,690,948
At 1 August 2017
258,247
831,177
1,089,424
Charge for the year
68,836
76,627
145,463
On disposals
-
(18,649)
(18,649)
At 31 July 2018
327,083
889,155
1,216,238
At 31 July 2018
1,049,637
425,073
1,474,710
At 31 July 2017
1,107,686
454,950
1,562,636
PR and RH Leggett Limited
Notes to the Accounts
for the year ended 31 July 2018
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
97,312
106,916
Work in progress
36,000
40,500
Trade debtors
130,109
107,087
Accrued income and prepayments
7,334
7,334
7
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
2,543
1,560
Obligations under finance leases and hire purchase contracts
49,919
31,154
Trade creditors
71,659
360,800
Amounts owed to group undertakings and other participating interests
23,494
694
Taxes and social security
40,499
34,847
Loans from directors
34,349
34,637
8
Creditors: amounts falling due after more than one year
2018
2017
Obligations under finance leases and hire purchase contracts
18,997
30,922
9
Transactions with related parties
The company trades with a related company - Leggett Straw Ltd. In the year turnover amounted to £402,194. The amount owed by Leggett Straw at the year end was £107,830. During the year a loan had been made by Leggett Straw of £20,000, the amount outstanding at the year end was £23,494
At the year end amounts owed to the directors amounted to an aggregate of £34,349.
10
Average number of employees
During the year the average number of employees was 7 (2017: 7).