Registered number
11423433
The Langston (Kingham) Ltd
Filleted Accounts
30 June 2024
The Langston (Kingham) Ltd
Registered number: 11423433
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,597,005 1,631,584
Current assets
Debtors 4 723,469 -
Cash at bank and in hand 54,672 164,441
778,141 164,441
Creditors: amounts falling due within one year 5 (116,559) (84,710)
Net current assets 661,582 79,731
Total assets less current liabilities 2,258,587 1,711,315
Creditors: amounts falling due after more than one year 6 (600,000) (120,290)
Net assets 1,658,587 1,591,025
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 1,497,016 1,497,016
Profit and loss account 161,471 93,909
Shareholders' funds 1,658,587 1,591,025
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.
D Shanmugathas
Director
Approved by the board on 24.02.2025
The Langston (Kingham) Ltd
Notes to the Accounts
for the year ended 30 June 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.
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:
Freehold buildings 1% straight line
Leasehold land and buildings over the lease term
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
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.
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 54 54
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 1,599,760 142,454 151,309 1,893,523
Additions - 6,792 5,704 12,496
At 30 June 2024 1,599,760 149,246 157,013 1,906,019
Depreciation
At 1 July 2023 79,990 107,255 74,694 261,939
Charge for the year 15,998 10,497 20,580 47,075
At 30 June 2024 95,988 117,752 95,274 309,014
Net book value
At 30 June 2024 1,503,772 31,494 61,739 1,597,005
At 30 June 2023 1,519,770 35,199 76,615 1,631,584
4 Debtors 2024 2023
£ £
Other debtors 723,469 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 37,813 -
Trade creditors 29,815 17,546
Taxation and social security costs 44,341 60,633
Other creditors 4,590 6,531
116,559 84,710
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 600,000 -
Other creditors - 120,290
600,000 120,290
7 Non distributable reserve 2024 2023
£ £
At 1 July 2023 1,497,016 1,497,016
At 30 June 2024 1,497,016 1,497,016
8 Other information
The Langston (Kingham) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
30 Morgan Gardens
Aldenham
Hertfordshire
WD25 8BF
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