Registered number
00745864
Blackmore & Langdon Limited
Filleted Accounts
30 June 2023
Blackmore & Langdon Limited
Registered number: 00745864
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 410,749 414,667
Investments 4 6,142 5,663
416,891 420,330
Current assets
Stocks 39,387 42,174
Debtors 5 65,507 13,853
Cash at bank and in hand 112,819 97,064
217,713 153,091
Creditors: amounts falling due within one year 6 (78,279) (76,988)
Net current assets 139,434 76,103
Total assets less current liabilities 556,325 496,433
Creditors: amounts falling due after more than one year 7 (38,390) (38,390)
Net assets 517,935 458,043
Capital and reserves
Called up share capital 31,350 31,350
Capital redemption reserve 18,850 18,850
Fair value reserve 8 5,328 4,849
Profit and loss account 462,407 402,994
Shareholders' funds 517,935 458,043
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S J Langdon
Director
Approved by the board on 12 January 2024
Blackmore & Langdon Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2022 398,000 387,606 32,400 818,006
Additions - 329 - 329
At 30 June 2023 398,000 387,935 32,400 818,335
Depreciation
At 1 July 2022 - 374,976 28,363 403,339
Charge for the year - 3,238 1,009 4,247
At 30 June 2023 - 378,214 29,372 407,586
Net book value
At 30 June 2023 398,000 9,721 3,028 410,749
At 30 June 2022 398,000 12,630 4,037 414,667
4 Investments
Other
investments
£
Cost
At 1 July 2022 5,663
Revaluation 479
At 30 June 2023 6,142
Historical cost
At 1 July 2022 1,105
At 30 June 2023 1,105
5 Debtors 2023 2022
£ £
Trade debtors 2,996 9,488
Deferred tax asset 57,394 -
Other debtors 5,117 4,365
65,507 13,853
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 26,604 29,798
Trade creditors 13,045 8,985
Taxation and social security costs 20,568 14,128
Other creditors 18,062 24,077
78,279 76,988
7 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 38,390 38,390
8 Fair value reserve 2023 2022
£ £
At 1 July 2022 4,849 4,849
Gain on revaluation of land and buildings 479 -
At 30 June 2023 5,328 4,849
9 Share capital 2023 2022
£ £
Allotted, called up and fully paid
13,750 Ordinary shares of £1 each 13,750 13,750
100 Deferred shares of £1 each 100 100
17,500 5% Preference shares of £1 each 17,500 17,500
31,350 31,350
10 Other information
Blackmore & Langdon Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Stanton Nurseries
Pensford
Bristol
BS39 4JL
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