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REGISTERED NUMBER: 02233138 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

KEITH LANGMEAD LIMITED

KEITH LANGMEAD LIMITED (REGISTERED NUMBER: 02233138)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEITH LANGMEAD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: K W Langmead
Mrs C G R Langmead





SECRETARY: Mrs C G R Langmead





REGISTERED OFFICE: Manor Farm
Poling
Near Arundel
West Sussex
BN18 9PT





REGISTERED NUMBER: 02233138 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

KEITH LANGMEAD LIMITED (REGISTERED NUMBER: 02233138)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 261,767 327,855
Investments 5 1,291,138 1,295,138
1,552,905 1,622,993

CURRENT ASSETS
Stocks 150,051 132,696
Debtors 6 29,683 97,514
Cash at bank 614,107 -
793,841 230,210
CREDITORS
Amounts falling due within one year 7 2,252,894 1,535,809
NET CURRENT LIABILITIES (1,459,053 ) (1,305,599 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,852

317,394

CREDITORS
Amounts falling due after more than one
year

8

(1,500,000

)

(1,500,000

)

PROVISIONS FOR LIABILITIES (1,683 ) (3,516 )
NET LIABILITIES (1,407,831 ) (1,186,122 )

CAPITAL AND RESERVES
Called up share capital 56,858 56,858
Retained earnings (1,464,689 ) (1,242,980 )
SHAREHOLDERS' FUNDS (1,407,831 ) (1,186,122 )

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.

KEITH LANGMEAD LIMITED (REGISTERED NUMBER: 02233138)

BALANCE SHEET - 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 6 January 2025 and were signed on its behalf by:





K W Langmead - Director


KEITH LANGMEAD LIMITED (REGISTERED NUMBER: 02233138)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Keith Langmead 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.

The financial statements have been prepared on a going concern basis, which assumes the company will continue in operational existence for the foreseeable future.

During the year the company met its working capital requirements through continued financial support received from a director.

This director has agreed to continue to provide such financial support as is necessary to enable Keith Langmead Limited to meet its liabilities as they fall due and to carry on its business without any significant curtailment of operations for the 12 months following the approval of these accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, 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.


KEITH LANGMEAD LIMITED (REGISTERED NUMBER: 02233138)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Fixed asset investments
Fixed assets investments are stated at historical cost less provision for any diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Long Plant and Motor
leasehold machinery vehicles Herd Totals
£    £    £    £    £   
COST
At 1 May 2023
and 30 April 2024 1,081,602 1,181,559 33,677 7,960 2,304,798
DEPRECIATION
At 1 May 2023 782,920 1,160,346 33,677 - 1,976,943
Charge for year 62,433 3,655 - - 66,088
At 30 April 2024 845,353 1,164,001 33,677 - 2,043,031
NET BOOK VALUE
At 30 April 2024 236,249 17,558 - 7,960 261,767
At 30 April 2023 298,682 21,213 - 7,960 327,855

KEITH LANGMEAD LIMITED (REGISTERED NUMBER: 02233138)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. FIXED ASSET INVESTMENTS

30.4.24 30.4.23
£    £   
Other investments not loans 190,638 190,638
Other loans 1,100,500 1,104,500
1,291,138 1,295,138

Additional information is as follows:
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 190,638
NET BOOK VALUE
At 30 April 2024 190,638
At 30 April 2023 190,638
Other
loans
£   
At 1 May 2023 1,104,500
Repayment in year (4,000 )
At 30 April 2024 1,100,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 18,336 40,249
Other debtors - 37,257
VAT 9,620 7,144
Prepayments and accrued income 1,727 12,864
29,683 97,514

KEITH LANGMEAD LIMITED (REGISTERED NUMBER: 02233138)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts - 553,901
Trade creditors 101,698 13,717
Amounts owed to group undertakings 288,204 288,204
Social security and other taxes 1,052 6,608
Other creditors 71 1,071
Directors' current accounts 1,758,788 632,168
Accruals and deferred income 103,081 40,140
2,252,894 1,535,809

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans more 5 yrs non-inst 1,500,000 1,500,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,500,000 1,500,000

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank overdraft - 553,901
Bank loans 1,500,000 1,500,000
1,500,000 2,053,901

The company's bank loans and overdraft are secured by a fixed and floating charge over the company and all property and assets present and future including goodwill, book debts, uncalled share capital, buildings, fixtures, fixed plant and machinery.