Legazpi Ltd

Legazpi Ltd

LEGAZPI LTD - Company Information

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1 July 2021 false No description of principal activity Taxfiler 2022.8.3 11762535business:PrivateLimitedCompanyLtd2021-07-012022-06-30 117625352021-06-30 117625352021-07-012022-06-30 11762535business:AuditExemptWithAccountantsReport2021-07-012022-06-30 11762535business:FullAccounts2021-07-012022-06-30 117625352022-06-30 11762535business:Director12021-07-012022-06-30 11762535business:RegisteredOffice2021-07-012022-06-30 117625352021-06-30 11762535core:WithinOneYear2022-06-30 11762535core:WithinOneYear2021-06-30 11762535core:ShareCapital2022-06-30 11762535core:ShareCapital2021-06-30 11762535core:RetainedEarningsAccumulatedLosses2022-06-30 11762535core:RetainedEarningsAccumulatedLosses2021-06-30 11762535business:SmallEntities2021-07-012022-06-30 11762535countries:EnglandWales2021-07-012022-06-30 11762535core:ComputerEquipment2021-07-012022-06-30 11762535core:ComputerEquipment2021-06-30 11762535core:ComputerEquipment2022-06-30 11762535business:OrdinaryShareClass12021-07-012022-06-30 11762535business:OrdinaryShareClass12020-07-012021-06-30 11762535business:Director112021-07-012022-06-30 11762535business:Director112021-06-30 11762535business:Director112022-06-30 117625352020-07-012021-06-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 11762535 (England and Wales)
Legazpi Ltd Unaudited accounts for the year ended 30 June 2022
Legazpi Ltd Unaudited accounts Contents
Page
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Legazpi Ltd Company Information for the year ended 30 June 2022
Director
Shaun Kelly
Company Number
11762535 (England and Wales)
Registered Office
Flat 44 Evan Cook Close London SE15 2HN England
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Legazpi Ltd Statement of financial position as at 30 June 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
50 
75 
Current assets
Inventories
607 
607 
Debtors
5
18,034 
1,102 
Cash at bank and in hand
- 
8,661 
18,641 
10,370 
Creditors: amounts falling due within one year
6
(50,125)
(38,779)
Net current liabilities
(31,484)
(28,409)
Net liabilities
(31,434)
(28,334)
Capital and reserves
Called up share capital
7
1 
1 
Profit and loss account
(31,435)
(28,335)
Shareholders' funds
(31,434)
(28,334)
For the year ending 30 June 2022 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 director acknowledges his 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 and authorised for issue on 8 September 2022 and were signed on its behalf by
Shaun Kelly Director Company Registration No. 11762535
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Legazpi Ltd Notes to the Accounts for the year ended 30 June 2022
1
Statutory information
Legazpi Ltd is a private company, limited by shares, registered in England and Wales, registration number 11762535. The registered office is Flat 44 Evan Cook Close, London, SE15 2HN, 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.
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.
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:
Computer equipment
33 % reducing balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2021
540 
At 30 June 2022
540 
Depreciation
At 1 July 2021
465 
Charge for the year
25 
At 30 June 2022
490 
Net book value
At 30 June 2022
50 
At 30 June 2021
75 
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade debtors
18,034 
1,102 
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Legazpi Ltd Notes to the Accounts for the year ended 30 June 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
3,603 
- 
Trade creditors
207 
- 
Other creditors
- 
244 
Loans from directors
46,234 
38,535 
Accruals
81 
- 
50,125 
38,779 
7
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Shaun Kelly
Director Loan Account
(38,535)
7,318 
15,017 
(46,234)
(38,535)
7,318 
15,017 
(46,234)
9
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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