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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
Page
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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
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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
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Langmead Developments Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
154,274 
154,309 
Debtors
61,074 
60,489 
Cash at bank and in hand
200,590 
244,811 
415,938 
459,609 
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 
Capital and reserves
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
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Langmead Developments Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
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.
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.
Turnover
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
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.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
219 
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 
342 
49,026 
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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).
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