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REGISTERED NUMBER: 06590185 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st May 2024

for

Langdale Equine Ltd

Langdale Equine Ltd (Registered number: 06590185)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Langdale Equine Ltd

Company Information
for the Year Ended 31st May 2024







DIRECTOR: Mrs S Brooks





REGISTERED OFFICE: Central Chambers
227 London Road
Hadleigh
Benfleet
Essex
SS7 2RF





REGISTERED NUMBER: 06590185 (England and Wales)





ACCOUNTANTS: Field & Co LLP
Central Chambers
227 London Road
Hadleigh
Benfleet
Essex
SS7 2RF

Langdale Equine Ltd (Registered number: 06590185)

Balance Sheet
31st May 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,525 24,406

CURRENT ASSETS
Stocks 1,223 1,215
Debtors 5 - 1,206
Cash at bank 26,663 25,614
27,886 28,035
CREDITORS
Amounts falling due within one year 6 26,256 25,219
NET CURRENT ASSETS 1,630 2,816
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,155

27,222

CREDITORS
Amounts falling due after more than
one year

7

(5,000

)

(10,056

)

PROVISIONS FOR LIABILITIES 9 (1,678 ) (2,160 )
NET ASSETS 14,477 15,006

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 14,476 15,005
SHAREHOLDERS' FUNDS 14,477 15,006

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Langdale Equine Ltd (Registered number: 06590185)

Balance Sheet - continued
31st May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21st May 2025 and were signed by:





Mrs S Brooks - Director


Langdale Equine Ltd (Registered number: 06590185)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Langdale Equine Ltd 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
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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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 Statement of Income and Retained Earnings, 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.


Langdale Equine Ltd (Registered number: 06590185)

Notes to the Financial Statements - continued
for the Year Ended 31st May 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

Langdale Equine Ltd (Registered number: 06590185)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st June 2023
and 31st May 2024 63,350 63,800 2,040 129,190
DEPRECIATION
At 1st June 2023 49,781 53,096 1,907 104,784
Charge for year 2,714 2,141 26 4,881
At 31st May 2024 52,495 55,237 1,933 109,665
NET BOOK VALUE
At 31st May 2024 10,855 8,563 107 19,525
At 31st May 2023 13,569 10,704 133 24,406

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors - 868
Amounts owed by group undertakings - 338
- 1,206

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts (see note 8) 5,000 4,961
Trade creditors 71 57
Amounts owed to group undertakings 9,588 -
Taxation and social security 3,389 1,230
Other creditors 8,208 18,971
26,256 25,219

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans (see note 8) 5,000 10,056

Langdale Equine Ltd (Registered number: 06590185)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

8. LOANS

An analysis of the maturity of loans is given below:

31/5/24 31/5/23
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,000 4,961

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,000 5,087

Amounts falling due between two and five years:
Bank loans - 2-5 years - 4,969

9. PROVISIONS FOR LIABILITIES
31/5/24 31/5/23
£    £   
Deferred tax 1,678 2,160

Deferred
tax
£   
Balance at 1st June 2023 2,160
Provided during year (482 )
Balance at 31st May 2024 1,678

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/24 31/5/23
value: £    £   
1 Ordinary Shares £1 1 1

Langdale Equine Ltd (Registered number: 06590185)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

11. RESERVES
Retained
earnings
£   

At 1st June 2023 15,005
Profit for the year 12,579
Dividends (13,108 )
At 31st May 2024 14,476

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S Brooks.