Registered number
07116195
Langley Corporate Services Ltd
Unaudited Filleted Accounts
31 December 2023
Langley Corporate Services Ltd
Registered number: 07116195
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 18 231
Investments 4 100 100
118 331
Current assets
Debtors 5 332,901 242,712
Cash at bank and in hand 39,518 70,652
372,419 313,364
Creditors: amounts falling due within one year 6 (283,433) (215,896)
Net current assets 88,986 97,468
Total assets less current liabilities 89,104 97,799
Creditors: amounts falling due after more than one year 7 (16,667) (26,667)
Provisions for liabilities - (44)
Net assets 72,437 71,088
Capital and reserves
Called up share capital 200 200
Profit and loss account 72,237 70,888
Shareholders' funds 72,437 71,088
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 D Hannah
Director
Approved by the board on 19 September 2024
Langley Corporate Services Ltd
Notes to the Accounts
for the year ended 31 December 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 is from revenue earned from the rendering of services. 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:
Fixtures, fittings and equipment over 4 years
Investments
Investments are stated at cost.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Going concern
The accounts have been prepared on the going concern basis, which the directors consider to be appropriate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 22 30
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 25,497
At 31 December 2023 25,497
Depreciation
At 1 January 2023 25,266
Charge for the year 213
At 31 December 2023 25,479
Net book value
At 31 December 2023 18
At 31 December 2022 231
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2023 100
At 31 December 2023 100
5 Debtors 2023 2022
£ £
Trade debtors 282,801 241,231
Other debtors 50,100 1,481
332,901 242,712
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 20,351 3,020
Taxation and social security costs 150,948 145,027
Other creditors 102,134 57,849
283,433 215,896
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 16,667 26,667
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr J R Morley - resigned 31.01.24
Loan - 4,300 - 4,300
- 4,300 - 4,300
9 Other information
Langley Corporate Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Milestone House
18 Nursery Court
Kibworth Business Park
Leicester
LE8 0EX
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