LANG-AG LTD.

Company Registration Number:
09130760 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

LANG-AG LTD.

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

LANG-AG LTD.

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,277,579 1,053,767
Total fixed assets: 1,277,579 1,053,767
Current assets
Debtors:   2,049,249 1,228,246
Cash at bank and in hand: 625,669 1,078,755
Total current assets: 2,674,918 2,307,001
Creditors: amounts falling due within one year:   (1,369,287) (1,431,207)
Net current assets (liabilities): 1,305,631 875,794
Total assets less current liabilities: 2,583,210 1,929,561
Creditors: amounts falling due after more than one year:   (49,528) (49,528)
Total net assets (liabilities): 2,533,682 1,880,033
Capital and reserves
Called up share capital: 13,440 13,440
Share premium account: 144,526 144,526
Profit and loss account: 2,375,716 1,722,067
Shareholders funds: 2,533,682 1,880,033

The notes form part of these financial statements

LANG-AG LTD.

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 September 2024
and signed on behalf of the board by:

Name: I Gibson
Status: Director

The notes form part of these financial statements

LANG-AG LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

LANG-AG LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 8 7

LANG-AG LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 1,940,178
Additions 704,297
Disposals (178,874)
At 31 December 2023 2,465,601
Depreciation
At 01 January 2023 886,411
Charge for year 418,593
On disposals (116,982)
At 31 December 2023 1,188,022
Net book value
At 31 December 2023 1,277,579
At 31 December 2022 1,053,767

LANG-AG LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Financial commitments

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £544,049 being the lease on a building until 9th August 2031. (2022 £615,012)

LANG-AG LTD.

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Related party transactions

Name of the related party: Lang AG
Relationship:
Shareholder
Description of the Transaction: Purchase of goods and services. During the year to 31st December 2023 Lang-ag Ltd bought goods and services from Lang AG to the value of £2,155,971 (2022 £2,144,410)
£
Balance at 01 January 2023 769,134
Balance at 31 December 2023 536,489
Name of the related party: Lang AG
Relationship:
Shareholder
Description of the Transaction: During the year to 31st December 2023 Lang-ag Ltd sold goods and services to Lang AG Ltd to the value of £170,370 (2022 £40,548)
£
Balance at 01 January 2023 22,239
Balance at 31 December 2023 55,813