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REGISTERED NUMBER: 07015818 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Langricks (Holmfirth) Limited

Langricks (Holmfirth) Limited (Registered number: 07015818)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Langricks (Holmfirth) Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr M J Bowker
Mr C J Langrick FCA





REGISTERED OFFICE: 4 Greenfield Road
Holmfirth
West Yorkshire
HD9 2JT





REGISTERED NUMBER: 07015818 (England and Wales)






Langricks (Holmfirth) Limited (Registered number: 07015818)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 193,002 227,574
Tangible assets 5 37,881 49,229
230,883 276,803

CURRENT ASSETS
Stocks 194,234 150,312
Debtors 6 126,527 121,858
Cash at bank and in hand 8,855 14
329,616 272,184
CREDITORS
Amounts falling due within one year 7 (463,782 ) (400,068 )
NET CURRENT LIABILITIES (134,166 ) (127,884 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,717

148,919

CREDITORS
Amounts falling due after more than one
year

8

-

(14,000

)

PROVISIONS FOR LIABILITIES (7,960 ) (6,715 )
NET ASSETS 88,757 128,204

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 88,657 128,104
88,757 128,204

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

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

Langricks (Holmfirth) Limited (Registered number: 07015818)

Balance Sheet - continued
30 November 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 13 August 2024 and were signed on its behalf by:





Mr C J Langrick FCA - Director


Langricks (Holmfirth) Limited (Registered number: 07015818)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Langricks (Holmfirth) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents amounts chargeable to clients for professional services provided during the year, inclusive of direct expenses incurred on client assignments but excluding value added tax. Turnover is recognised when a right to consideration has been obtained through performance under each contract. Consideration accrues as a contract activity progresses by reference to the value of the work performed. Where the work is substantially completed it has been valued at the net realisable value including an estimate of attributable profit income is recognised as the right to consideration obtained through the performance of contractual obligation.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery etc - 33% on cost

Stocks
Work in progress is stated at the lower of cost and net realisable value. Cost includes employees remuneration costs, other direct expenses and a proportion of overheads. Net realisable value is based on estimated selling price less further costs expected to be incurred to completion. Where work is carried out on a contingent fee basis, full provision is made against the cost involved until the likely outcome of work can be foreseen. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of inventories over its estimated selling price less costs to complete and selling price less costs to complete and sell is recognised as an impairment loss in the profit and loss. Reversals of impairment losses are also recognised in profit and loss.

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.


Langricks (Holmfirth) Limited (Registered number: 07015818)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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 15 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 345,689
AMORTISATION
At 1 December 2022 118,115
Charge for year 34,572
At 30 November 2023 152,687
NET BOOK VALUE
At 30 November 2023 193,002
At 30 November 2022 227,574

Langricks (Holmfirth) Limited (Registered number: 07015818)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 70,569
Additions 4,589
At 30 November 2023 75,158
DEPRECIATION
At 1 December 2022 21,340
Charge for year 15,937
At 30 November 2023 37,277
NET BOOK VALUE
At 30 November 2023 37,881
At 30 November 2022 49,229

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 124,522 114,297
Other debtors 2,005 7,561
126,527 121,858

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 14,000 54,347
Trade creditors 32,067 15,496
Amounts owed to group undertakings 175,000 94,061
Taxation and social security 74,626 58,067
Other creditors 168,089 178,097
463,782 400,068

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans - 14,000

Langricks (Holmfirth) Limited (Registered number: 07015818)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 14,000 38,000

The bank loan is secured by a debenture which incorporates a fixed and floating charge over the assets and undertakings of the company.

10. RELATED PARTY DISCLOSURES

Langricks (Holmfirth) Limited is a 100% subsidiary of Langrick Investments Limited. Langrick Investments Limited is under the control of Mr Langrick. Mr Langrick is the Managing Director of Langricks (Holmfirth) Limited and Langrick Investments Limited.

At the 30th November 2023, the company owed £75,000 (2022: £94,061) to Langrick Investments Limited.