Company registration number 11510862 (England and Wales)
Langthorpe Living Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 August 2024
PAGES FOR FILING WITH REGISTRAR
Langthorpe Living Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Langthorpe Living Ltd
Statement of financial position
as at 31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
269,786
282,656
Current assets
Stocks
4
16,024
16,571
Debtors
5
91,652
140,506
Cash at bank and in hand
107,103
57,749
214,779
214,826
Creditors: amounts falling due within one year
6
(164,849)
(165,287)
Net current assets
49,930
49,539
Total assets less current liabilities
319,716
332,195
Creditors: amounts falling due after more than one year
7
(27,921)
(32,921)
Provisions for liabilities
(50,396)
(52,652)
Net assets
241,399
246,622
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
241,397
246,620
Total equity
241,399
246,622
Langthorpe Living Ltd
Statement of financial position (continued)
as at 31 August 2024
- 2 -

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 9 January 2025 and are signed on its behalf by:
S Wade
Director
Company registration number 11510862 (England and Wales)
Langthorpe Living Ltd
Notes to the financial statements
for the year ended 31 August 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration received for goods provided in the normal course of business, and is shown net of VAT. Turnover is recognised on a cash basis.

 

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
10% straight line
Plant and equipment
20% straight line
Fixtures and fittings
20% straight line
Motor vehicles
25% reducing balance
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 47 (2023 - 24).

Langthorpe Living Ltd
Notes to the financial statements (continued)
for the year ended 31 August 2024
- 4 -
3
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 September 2023
25,717
13,000
335,046
21,647
395,410
Additions
-
0
-
0
26,186
3,000
29,186
At 31 August 2024
25,717
13,000
361,232
24,647
424,596
Depreciation and impairment
At 1 September 2023
7,716
12,783
86,164
6,091
112,754
Depreciation charged in the year
2,572
217
34,753
4,514
42,056
At 31 August 2024
10,288
13,000
120,917
10,605
154,810
Carrying amount
At 31 August 2024
15,429
-
0
240,315
14,042
269,786
At 31 August 2023
18,001
217
248,882
15,556
282,656
4
Stocks
2024
2023
£
£
Stocks
16,024
16,571
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
91,652
138,044
Prepayments and accrued income
-
0
2,462
91,652
140,506
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
5,000
5,000
Trade creditors
51,341
66,224
Corporation tax
9,010
1,184
Other taxation and social security
49,454
42,553
Other creditors
21,176
46,295
Accruals and deferred income
28,868
4,031
164,849
165,287
Langthorpe Living Ltd
Notes to the financial statements (continued)
for the year ended 31 August 2024
- 5 -
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
27,921
32,921
8
Company information

Langthorpe Living Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Grantham Arms, Milby, Boroughbridge, York, North Yorkshire, YO51 9BW.

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