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REGISTERED NUMBER: 00224664 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Langsun Limited

Langsun Limited (Registered number: 00224664)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Langsun Limited

Company Information
for the year ended 31 December 2023







Directors: Mrs V A Hall
T C L Hall





Secretary: Mrs V A Hall





Registered office: Unit 2, Foley Works
Foley Trading Estate
Hereford
HR1 2SF





Registered number: 00224664 (England and Wales)





Accountants: Acre Accountancy Limited
Unit 2 Foley Works
Foley Industrial Estate
Hereford
Herefordshire
HR1 2SF

Langsun Limited (Registered number: 00224664)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,578,155 1,685,874
Investments 5 70,820 70,820
1,648,975 1,756,694

CURRENT ASSETS
Stocks 11,000 11,000
Debtors 137,379 56,234
Investments 1,700,003 1,527,953
Cash at bank 250,273 279,538
2,098,655 1,874,725
CREDITORS
Amounts falling due within one year (150,494 ) (268,741 )
NET CURRENT ASSETS 1,948,161 1,605,984
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,597,136

3,362,678

CREDITORS
Amounts falling due after more than one
year

(18,525

)

(37,500

)
NET ASSETS 3,578,611 3,325,178

CAPITAL AND RESERVES
Called up share capital 6 16,800 16,800
Retained earnings 3,561,811 3,308,378
SHAREHOLDERS' FUNDS 3,578,611 3,325,178

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Langsun Limited (Registered number: 00224664)

Abridged Balance Sheet - continued
31 December 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 September 2024 and were signed on its behalf by:





T C L Hall - Director


Langsun Limited (Registered number: 00224664)

Notes to the Financial Statements
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Langsun 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.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Langsun Limited (Registered number: 00224664)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Totals
£   
Cost
At 1 January 2023 2,273,097
Additions 65,345
Disposals (120,832 )
At 31 December 2023 2,217,610
Depreciation
At 1 January 2023 587,223
Charge for year 52,232
At 31 December 2023 639,455
Net book value
At 31 December 2023 1,578,155
At 31 December 2022 1,685,874

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
Cost
At 1 January 2023
and 31 December 2023 70,820
Net book value
At 31 December 2023 70,820
At 31 December 2022 70,820

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
16,800 Ordinary £1 16,800 16,800