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LANGFIELD LAW LIMITED

Registered Number
10365571
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

LANGFIELD LAW LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

PHULL, Jagdeep
YAQUB, Shahnawaz

Registered Address

23 Central Chambers, The Broadway
London
W5 2NR

Registered Number

10365571 (England and Wales)
LANGFIELD LAW LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets31,0481,398
1,0481,398
Current assets
Debtors345,339496,551
Cash at bank and on hand353,375180,838
698,714677,389
Creditors amounts falling due within one year4(239,915)(196,439)
Net current assets (liabilities)458,799480,950
Total assets less current liabilities459,847482,348
Creditors amounts falling due after one year5-(38,293)
Net assets459,847444,055
Capital and reserves
Called up share capital1,0001,000
Profit and loss account458,847443,055
Shareholders' funds459,847444,055
The financial statements were approved and authorised for issue by the Board of Directors on 24 September 2024, and are signed on its behalf by:
PHULL, Jagdeep
Director
Registered Company No. 10365571
LANGFIELD LAW LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20232022
Average number of employees during the year76
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 231,9151,915
At 31 December 231,9151,915
Depreciation and impairment
At 01 January 23517517
Charge for year350350
At 31 December 23867867
Net book value
At 31 December 231,0481,048
At 31 December 221,3981,398
4.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables130,295103,341
Bank borrowings and overdrafts1,058566
Taxation and social security95,07392,532
Accrued liabilities and deferred income13,489-
Total239,915196,439
5.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts-38,293
Total-38,293