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REGISTERED NUMBER: 02233138 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

KEITH LANGMEAD LIMITED

KEITH LANGMEAD LIMITED (REGISTERED NUMBER: 02233138)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEITH LANGMEAD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: K W Langmead
Mrs C G R Langmead





SECRETARY: Mrs C G R Langmead





REGISTERED OFFICE: Manor Farm
Poling
Near Arundel
West Sussex
BN18 9PT





REGISTERED NUMBER: 02233138 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

KEITH LANGMEAD LIMITED (REGISTERED NUMBER: 02233138)

BALANCE SHEET
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 327,855 234,005
Investments 5 1,295,138 990,638
1,622,993 1,224,643

CURRENT ASSETS
Stocks 132,696 162,394
Debtors 6 97,514 294,616
230,210 457,010
CREDITORS
Amounts falling due within one year 7 1,535,809 1,158,023
NET CURRENT LIABILITIES (1,305,599 ) (701,013 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

317,394

523,630

CREDITORS
Amounts falling due after more than one
year

8

(1,500,000

)

(1,500,000

)

PROVISIONS FOR LIABILITIES (3,516 ) (9,963 )
NET LIABILITIES (1,186,122 ) (986,333 )

CAPITAL AND RESERVES
Called up share capital 56,858 56,858
Retained earnings (1,242,980 ) (1,043,191 )
SHAREHOLDERS' FUNDS (1,186,122 ) (986,333 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

KEITH LANGMEAD LIMITED (REGISTERED NUMBER: 02233138)

BALANCE SHEET - continued
30 APRIL 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 11 March 2024 and were signed on its behalf by:





K W Langmead - Director


KEITH LANGMEAD LIMITED (REGISTERED NUMBER: 02233138)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Keith Langmead Limited 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.

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

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.

KEITH LANGMEAD LIMITED (REGISTERED NUMBER: 02233138)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


2. ACCOUNTING POLICIES - continued

Fixed asset investments
Fixed assets investments are stated at historical cost less provision for any diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Long Plant and Motor
leasehold machinery vehicles Herd Totals
£    £    £    £    £   
COST
At 1 May 2022 900,674 1,180,464 33,677 7,960 2,122,775
Additions 180,928 1,095 - - 182,023
At 30 April 2023 1,081,602 1,181,559 33,677 7,960 2,304,798
DEPRECIATION
At 1 May 2022 730,655 1,124,438 33,677 - 1,888,770
Charge for year 52,265 35,908 - - 88,173
At 30 April 2023 782,920 1,160,346 33,677 - 1,976,943
NET BOOK VALUE
At 30 April 2023 298,682 21,213 - 7,960 327,855
At 30 April 2022 170,019 56,026 - 7,960 234,005

5. FIXED ASSET INVESTMENTS

30.4.23 30.4.22
£    £   
Other investments not loans 190,638 190,638
Other loans 1,104,500 800,000
1,295,138 990,638

Additional information is as follows:
Other
investments
£   
COST
At 1 May 2022
and 30 April 2023 190,638
NET BOOK VALUE
At 30 April 2023 190,638
At 30 April 2022 190,638

KEITH LANGMEAD LIMITED (REGISTERED NUMBER: 02233138)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


5. FIXED ASSET INVESTMENTS - continued
Other
loans
£   
At 1 May 2022 800,000
New in year 714,500
Repayment in year (410,000 )
At 30 April 2023 1,104,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 40,249 207,903
Other debtors 37,257 110
VAT 7,144 -
Prepayments and accrued income 12,864 86,603
97,514 294,616

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 553,901 146,465
Trade creditors 13,717 212,255
Amounts owed to group undertakings 288,204 288,204
Social security and other taxes 6,608 363
VAT - 23,428
Other creditors 1,071 3,071
Directors' current accounts 632,168 463,727
Accruals and deferred income 40,140 20,510
1,535,809 1,158,023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans more 5 yrs non-inst 1,500,000 1,500,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,500,000 1,500,000

KEITH LANGMEAD LIMITED (REGISTERED NUMBER: 02233138)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Bank overdrafts 553,901 146,465
Bank loans 1,500,000 1,500,000
2,053,901 1,646,465

The company's bank loans and overdraft are secured by a fixed and floating charge over the company and all property and assets present and future including goodwill, book debts, uncalled share capital, buildings, fixtures, fixed plant and machinery.