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REGISTERED NUMBER: 08469659 (England and Wales)






K L Langton Decorative Plasterwork
Limited

Financial Statements

for the Year Ended 31 March 2024






K L Langton Decorative Plasterwork
Limited (Registered number: 08469659)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K L Langton Decorative Plasterwork
Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mr K L Langton
Mrs L J Langton





REGISTERED OFFICE: Sorrell House
Spencers Lane
Berkswell
Coventry
West Midlands
CV7 7BB





REGISTERED NUMBER: 08469659 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

K L Langton Decorative Plasterwork
Limited (Registered number: 08469659)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 13,688 17,745
13,688 17,745

CURRENT ASSETS
Stocks 4,399 2,654
Debtors 6 48,261 16,924
Cash at bank and in hand 209,751 199,544
262,411 219,122
CREDITORS
Amounts falling due within one year 7 40,897 30,492
NET CURRENT ASSETS 221,514 188,630
TOTAL ASSETS LESS CURRENT
LIABILITIES

235,202

206,375

PROVISIONS FOR LIABILITIES 3,422 4,436
NET ASSETS 231,780 201,939

K L Langton Decorative Plasterwork
Limited (Registered number: 08469659)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 231,680 201,839
SHAREHOLDERS' FUNDS 231,780 201,939

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 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 23 August 2024 and were signed on its behalf by:




Mr K L Langton - Director



Mrs L J Langton - Director


K L Langton Decorative Plasterwork
Limited (Registered number: 08469659)

Notes to the Financial Statements
for the year ended 31 March 2024


1. STATUTORY INFORMATION

K L Langton Decorative Plasterwork 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 (£).


All financial information presented has been rounded to the nearest £, unless otherwise stated.

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 2013, is being amortised evenly over its estimated useful life of three 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.
Short leasehold - 50% on cost
Motor vehicles - 25% on reducing balance
Equipment - 15% on reducing balance

All fixed assets are initially recorded at 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.


K L Langton Decorative Plasterwork
Limited (Registered number: 08469659)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


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
Employer contributions paid into a director's personal pension scheme are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 April 2023
and 31 March 2024 15,000
AMORTISATION
At 1 April 2023
and 31 March 2024 15,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

K L Langton Decorative Plasterwork
Limited (Registered number: 08469659)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Short Motor
leasehold vehicles Equipment Totals
£ £ £ £
COST
At 1 April 2023 5,500 20,112 4,929 30,541
Additions - - 137 137
Disposals (5,500 ) - - (5,500 )
At 31 March 2024 - 20,112 5,066 25,178
DEPRECIATION
At 1 April 2023 5,500 5,028 2,268 12,796
Charge for year - 3,774 420 4,194
Eliminated on disposal (5,500 ) - - (5,500 )
At 31 March 2024 - 8,802 2,688 11,490
NET BOOK VALUE
At 31 March 2024 - 11,310 2,378 13,688
At 31 March 2023 - 15,084 2,661 17,745

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 24,731 14,575
Other debtors 22,500 -
Directors' current accounts 575 575
VAT - 1,334
Prepayments and accrued income 455 440
48,261 16,924

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 9,262 8,285
Tax 13,888 17,440
VAT 3,675 -
Other creditors 4,951 2,791
Accruals and deferred income 9,121 1,976
40,897 30,492

K L Langton Decorative Plasterwork
Limited (Registered number: 08469659)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£ £
Mr K L Langton
Balance outstanding at start of year 575 -
Amounts advanced 575 575
Amounts repaid (575 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 575 575