Registered number
07995197
Langcliffe International Limited
Unaudited Filleted Accounts
30 April 2024
Langcliffe International Limited
Registered number: 07995197
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 16,339 13,253
Current assets
Debtors 5 380,168 681,472
Cash at bank and in hand 57,549 492,115
437,717 1,173,587
Creditors: amounts falling due within one year 6 (524,929) (443,569)
Net current (liabilities)/assets (87,212) 730,018
Total assets less current liabilities (70,873) 743,271
Creditors: amounts falling due after more than one year 7 (40,833) (75,833)
Provisions for liabilities - deferred taxation (4,085) (3,313)
Net (liabilities)/assets (115,791) 664,125
Capital and reserves
Called up share capital 100 100
Share premium 99,965 99,965
Profit and loss account (215,856) 564,060
Shareholders' funds (115,791) 664,125
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M R Eardley
Director
Approved by the board on 31 January 2025
Langcliffe International Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment, fixtures and IT 25% on the reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Accounting policies (cont'd)
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 21 18
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 16,500
At 30 April 2024 16,500
Amortisation
At 1 May 2023 16,500
At 30 April 2024 16,500
Net book value
At 30 April 2024 -
4 Tangible fixed assets
Equipment, fixtures and fittings
£
Cost
At 1 May 2023 63,301
Additions 8,532
At 30 April 2024 71,833
Depreciation
At 1 May 2023 50,048
Charge for the year 5,446
At 30 April 2024 55,494
Net book value
At 30 April 2024 16,339
At 30 April 2023 13,253
5 Debtors 2024 2023
£ £
Trade debtors 284,961 240,809
Other debtors 95,207 440,663
380,168 681,472
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank and other loans 35,000 35,000
Trade creditors 88,772 4,224
Taxation and social security costs 260,665 255,928
Other creditors 140,492 148,417
524,929 443,569
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank and other loans 40,833 75,833
8 Other information
Langcliffe International Limited is a private company limited by shares and incorporated in England. Its registered office is:
c/o Brays, Riverview Court
Castle Gate
Wetherby
West Yorkshire
LS22 6LE
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