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REGISTERED NUMBER: 08139085 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

The Langham Press Ltd

The Langham Press Ltd (Registered number: 08139085)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Langham Press Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: D Arnold
Mrs E Nolan





REGISTERED OFFICE: Unit 5,
Lion Works
Station Road East
Whittlesford
Cambridgeshire
CB22 4WL





REGISTERED NUMBER: 08139085 (England and Wales)





ACCOUNTANTS: Globe Accounting
9 Hildyard Close
Stokesley
North Yorkshire
TS9 5QE

The Langham Press Ltd (Registered number: 08139085)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 84,000 112,000
Tangible assets 5 693,849 725,504
777,849 837,504

CURRENT ASSETS
Stocks 52,734 24,696
Debtors 6 136,966 233,723
Cash at bank and in hand 4,982 122,343
194,682 380,762
CREDITORS
Amounts falling due within one year 7 442,154 613,222
NET CURRENT LIABILITIES (247,472 ) (232,460 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

530,377

605,044

CREDITORS
Amounts falling due after more than one
year

8

(292,729

)

(361,830

)

PROVISIONS FOR LIABILITIES (25,812 ) (30,147 )
NET ASSETS 211,836 213,067

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 211,736 212,967
SHAREHOLDERS' FUNDS 211,836 213,067

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Langham Press Ltd (Registered number: 08139085)

Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:





D Arnold - Director


The Langham Press Ltd (Registered number: 08139085)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

The Langham Press Ltd is a private company, limited by shares , registered in England and Wales. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost and 10% 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.


The Langham Press Ltd (Registered number: 08139085)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued
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 12 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 140,000
AMORTISATION
At 1 August 2022 28,000
Charge for year 28,000
At 31 July 2023 56,000
NET BOOK VALUE
At 31 July 2023 84,000
At 31 July 2022 112,000

The Langham Press Ltd (Registered number: 08139085)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 549,990 969,934 1,519,924
Additions 20,550 35,628 56,178
Disposals - (74,775 ) (74,775 )
At 31 July 2023 570,540 930,787 1,501,327
DEPRECIATION
At 1 August 2022 39,272 755,148 794,420
Charge for year 11,411 31,557 42,968
Eliminated on disposal - (29,910 ) (29,910 )
At 31 July 2023 50,683 756,795 807,478
NET BOOK VALUE
At 31 July 2023 519,857 173,992 693,849
At 31 July 2022 510,718 214,786 725,504

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 125,012 193,360
Other debtors 11,954 40,363
136,966 233,723

Included in trade debtors is £125,012 of factored debts

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 79,958 52,632
Hire purchase contracts 38,981 135,948
Trade creditors 126,055 124,493
Taxation and social security 44,056 75,152
Other creditors 153,104 224,997
442,154 613,222

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 209,639 262,549
Hire purchase contracts 83,090 99,281
292,729 361,830

The Langham Press Ltd (Registered number: 08139085)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank overdraft 27,049 -
Bank loans 262,548 315,181
Hire purchase contracts 122,071 235,229
411,668 550,410

The bank loan and overdraft are secured by fixed and floating charge over the assets of the company.
Obligations under finance leases are secured on the assets concerned