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REGISTERED NUMBER: 09994977 (England and Wales)
























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LANGLEY STRUCTURES LIMITED

LANGLEY STRUCTURES LIMITED (REGISTERED NUMBER: 09994977)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LANGLEY STRUCTURES LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTORS: R N Williams
A Silvestri





SECRETARY: Hp Secretarial Services Limited





REGISTERED OFFICE: Langley House Lamport Drive
Heartlands Business Park
Daventry
Northamptonshire
NN11 8YH





REGISTERED NUMBER: 09994977 (England and Wales)





AUDITORS: TC Group
1 Rushmills
Bedford Road
Northampton
Northamptonshire
NN4 7YB

LANGLEY STRUCTURES LIMITED (REGISTERED NUMBER: 09994977)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,727 6,784

CURRENT ASSETS
Stocks 5 138,951 253
Debtors 6 299,498 160,003
Cash at bank 166,785 41,697
605,234 201,953
CREDITORS
Amounts falling due within one year 7 559,159 199,967
NET CURRENT ASSETS 46,075 1,986
TOTAL ASSETS LESS CURRENT LIABILITIES 50,802 8,770

PROVISIONS FOR LIABILITIES 8 1,182 1,696
NET ASSETS 49,620 7,074

CAPITAL AND RESERVES
Called up share capital 9 100 100
Share premium 62,225 62,225
Retained earnings (12,705 ) (55,251 )
SHAREHOLDERS' FUNDS 49,620 7,074

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 14 November 2024 and were signed on its behalf by:





R N Williams - Director


LANGLEY STRUCTURES LIMITED (REGISTERED NUMBER: 09994977)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Langley Structures 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
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
- The company has transferred the significant risks and rewards of ownership to the buyer;
- The company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- The amount of revenue can be measured reliably;
- It is probable the company will receive the consideration due under the transaction; and
- The costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- The amount of revenue can be measured reliably;
- It is probable that the Company will receive the consideration due under the contract;
- The stage of completion of the contract at the end of the reporting period can be measured reliably; and
- The costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at lower of cost and estimated selling price less costs to complete and sell, 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.


LANGLEY STRUCTURES LIMITED (REGISTERED NUMBER: 09994977)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The accounts have been prepared on the going concern basis, and the directors consider that this is appropriate because of the support from the parent company.

As at the point of authorising the accounts, and for the foreseeable future, the directors consider the going concern assumption to still be appropriate. The directors acknowledge that given the currently rapidly changing business and social environment, there are likely to be significant unknown factors which may present themselves. Such factors are considered by the directors to represent a general inherent level of risk in relation to the going concern assumption albeit not quantifiable at this time.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 - 19,461 10,110 29,571
Additions 816 - 4,310 5,126
Disposals - - (1,116 ) (1,116 )
At 31 December 2023 816 19,461 13,304 33,581
DEPRECIATION
At 1 January 2023 - 15,407 7,380 22,787
Charge for year 153 4,054 2,727 6,934
Eliminated on disposal - - (867 ) (867 )
At 31 December 2023 153 19,461 9,240 28,854
NET BOOK VALUE
At 31 December 2023 663 - 4,064 4,727
At 31 December 2022 - 4,054 2,730 6,784

LANGLEY STRUCTURES LIMITED (REGISTERED NUMBER: 09994977)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


5. STOCKS
2023 2022
£    £   
Stocks 138,951 253

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 75,427 -
Other debtors 224,071 160,003
299,498 160,003

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 139,688 4,450
Amounts owed to group undertakings 198,967 134,324
Taxation and social security 14,042 4,107
Other creditors 206,462 57,086
559,159 199,967

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,182 1,696

Deferred
tax
£   
Balance at 1 January 2023 1,696
Credit to Income Statement during year (514 )
Balance at 31 December 2023 1,182

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
751 Ordinary Shares 0.10 75 75
249 Ordinary A Shares 0.10 25 25
100 100

Following the appointment of HP Secretarial Services Limited, Companies House documentation has been updated to reflect the correct allotment and transfers in share holdings within Langley Structures Limited between the Ordinary and A Ordinary share holdings. As a result of this 2022 share capital split has been amended.

Ordinary shares have equal voting rights and rights to capital distribution.
A Ordinary shares have no voting rights however have rights to capital distribution.

LANGLEY STRUCTURES LIMITED (REGISTERED NUMBER: 09994977)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Dilun Mistry FCA (Senior Statutory Auditor)
for and on behalf of TC Group

11. RELATED PARTY TRANSACTIONS

Langley Structures Limited is not a wholly-owned subsidiary, and has trading with other group companies.

During the year ended 31 December 2023 the company was charged £272,734 (2022: £299,220) of management charges by a group company. At 31 December 2023 the amount due to this entity was £16,910 (2022: £83,194).

During the year ended 31 December 2023 the company was charged £45,570 (2022: £28,774) for goods purchased from another group company. At 31 December 2023 the amount due to this entity was £1,557 (2022: £51,130).

During the year ended 31 December 2023 the company was charged £12,000 (2022: £12,000) of rent by another group company. At 31 December 2023 the amount due to this entity was £NIL (2022: £Nil).

During the year ended 31 December 2023 the company was charged £327 (2022: £NIL) for goods purchased by another group company. At 31 December 2023 the amount due to this entity was £NIL (2022: £Nil).

12. ULTIMATE CONTROLLING PARTY

The controlling party is Langley UK Limited.

The ultimate controlling party is A Silvestri.

The smallest group for which consolidated financial statements are prepared in headed by Cavello Group Limited (formerly known as Langley Corporation Limited) and copies of these can be obtained from this parent company's registered office at Langley House, Lamport Drive, Heartland Business Park, Daventry, Northamptonshire, NN11 8YH.