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REGISTERED NUMBER: 03971439 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 April 2024

for

SMITH & LANGTON LIMITED

SMITH & LANGTON LIMITED (REGISTERED NUMBER: 03971439)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SMITH & LANGTON LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: S C Smith
S A Langton





SECRETARY: S A Langton





REGISTERED OFFICE: 4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU





REGISTERED NUMBER: 03971439 (England and Wales)





ACCOUNTANTS: Adams Beeny Limited
4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU

SMITH & LANGTON LIMITED (REGISTERED NUMBER: 03971439)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 711,208 748,703

CURRENT ASSETS
Prepayments and accrued income 3,174 622
Cash at bank and in hand 81,352 12,744
84,526 13,366
CREDITORS
Amounts falling due within one year 5 184,814 262,192
NET CURRENT LIABILITIES (100,288 ) (248,826 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

610,920

499,877

PROVISIONS FOR LIABILITIES 27,247 29,827
NET ASSETS 583,673 470,050

CAPITAL AND RESERVES
Called up share capital 6 120 120
Revaluation reserve 7 246,118 246,118
Retained earnings 7 337,435 223,812
SHAREHOLDERS' FUNDS 583,673 470,050

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

SMITH & LANGTON LIMITED (REGISTERED NUMBER: 03971439)

Statement of Financial Position - continued
30 April 2024


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 27 September 2024 and were signed on its behalf by:




S A Langton - Director



S C Smith - Director


SMITH & LANGTON LIMITED (REGISTERED NUMBER: 03971439)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Smith & Langton 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.

Tangible fixed assets freehold properties
The freehold and leasehold properties are disclosed on the statement of financial position at cost/revaluation less relevant depreciation as opposed to being investment properties.
This is due to the fact that in the directors opinion these assets are being employed in the businesses operations as oppose to being held as investment properties.
That being the case the current market value is of little relevance.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2023 - 2 ) .

SMITH & LANGTON LIMITED (REGISTERED NUMBER: 03971439)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 1,350,303 269,251 1,619,554
DEPRECIATION
At 1 May 2023 724,718 146,133 870,851
Charge for year 31,279 6,216 37,495
At 30 April 2024 755,997 152,349 908,346
NET BOOK VALUE
At 30 April 2024 594,306 116,902 711,208
At 30 April 2023 625,585 123,118 748,703

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 21,827 19,828
Other creditors 162,987 242,364
184,814 262,192

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100
10 Ordinary A £1 10 10
10 Ordinary B £1 10 10
120 120

7. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 May 2023 223,812 246,118 469,930
Profit for the year 41,518 41,518
Dividends (2,000 ) (2,000 )
Inter company loan written off 74,105 - 74,105
At 30 April 2024 337,435 246,118 583,553

SMITH & LANGTON LIMITED (REGISTERED NUMBER: 03971439)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
S C Smith
Balance outstanding at start of year (74,348 ) (64,526 )
Amounts advanced 4,116 7,837
Amounts repaid - (17,659 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (70,232 ) (74,348 )

S A Langton
Balance outstanding at start of year (91,106 ) (81,284 )
Amounts advanced 4,116 7,837
Amounts repaid - (17,659 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (86,990 ) (91,106 )

The loans are interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

The company was under the joint control of the directors Mr S Langton and Mr S Smith throughout the current and previous year.