Company Registration No. 11539743 (England and Wales)
Langmead Developments Limited
Unaudited accounts
for the year ended 30 June 2023
Langmead Developments Limited
Unaudited accounts
Contents
Langmead Developments Limited
Company Information
for the year ended 30 June 2023
Directors
Oliver Kightley
Heather Kightley
Company Number
11539743 (England and Wales)
Registered Office
12 Fore Street
Chudleigh
TQ13 0HX
Accountants
Root2growth Ltd
12 Fore Street
Chudleigh
Devon
TQ13 0HX
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Langmead Developments Limited for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Langmead Developments Limited for the year ended
30 June 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Root2growth Ltd
Chartered Accountants
12 Fore Street
Chudleigh
Devon
TQ13 0HX
5 October 2023
Langmead Developments Limited
Statement of financial position
as at 30 June 2023
Inventories
154,274
154,309
Cash at bank and in hand
200,590
244,811
Creditors: amounts falling due within one year
(342)
(49,026)
Net current assets
415,596
410,583
Total assets less current liabilities
415,596
410,583
Creditors: amounts falling due after more than one year
(100,000)
(100,000)
Net assets
315,596
310,583
Called up share capital
99
99
Profit and loss account
315,497
310,484
Shareholders' funds
315,596
310,583
For the year ending 30 June 2023 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.
The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by
Oliver Kightley
Director
Company Registration No. 11539743
Langmead Developments Limited
Notes to the Accounts
for the year ended 30 June 2023
Langmead Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 11539743. The registered office is 12 Fore Street, Chudleigh, TQ13 0HX.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Amounts falling due within one year
Amounts falling due after more than one year
Amounts due from group undertakings etc.
61,074
60,270
5
Creditors: amounts falling due within one year
2023
2022
Amounts owed to group undertakings and other participating interests
-
4,012
Taxes and social security
342
45,014
Langmead Developments Limited
Notes to the Accounts
for the year ended 30 June 2023
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
100,000
100,000
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).