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Registration number: 03072168

G L Langton Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

G L Langton Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 5

 

G L Langton Limited

(Registration number: 03072168)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

101,423

21,806

Current assets

 

Stocks

17,415

20,902

Debtors

6

177,402

169,070

Cash at bank and in hand

 

42,453

14,726

 

237,270

204,698

Creditors: Amounts falling due within one year

7

(211,246)

(163,536)

Net current assets

 

26,024

41,162

Total assets less current liabilities

 

127,447

62,968

Creditors: Amounts falling due after more than one year

7

(62,925)

(10,500)

Provisions for liabilities

(19,270)

(4,143)

Net assets

 

45,252

48,325

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

44,252

47,325

Shareholders' funds

 

45,252

48,325

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 March 2025
 

.........................................
Mr G L Langton
Director

 

G L Langton Limited

Notes to the Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2A
Station Way
Wortley Road
Leeds
LS12 3HQ

These financial statements were authorised for issue by the director on 11 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery and Fixtures, fittings

20% reducing balance

Motor vehicles

20% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

fully written off

Development costs

fully written off

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

G L Langton Limited

Notes to the Financial Statements for the Year Ended 30 November 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 9 (2023 - 9).

4

Development costs

Goodwill
 £

Development cost
 £

Total
£

Cost or valuation

At 1 December 2023

6,000

13,530

19,530

At 30 November 2024

6,000

13,530

19,530

Amortisation

At 1 December 2023

6,000

13,530

19,530

At 30 November 2024

6,000

13,530

19,530

Carrying amount

At 30 November 2024

-

-

-

 

G L Langton Limited

Notes to the Financial Statements for the Year Ended 30 November 2024

5

Tangible assets

Plant & machinery and Fixtures, fittings

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2023

284,658

24,748

309,406

Additions

98,496

10,000

108,496

Disposals

-

(10,000)

(10,000)

At 30 November 2024

383,154

24,748

407,902

Depreciation

At 1 December 2023

271,721

15,879

287,600

Charge for the year

17,105

1,774

18,879

At 30 November 2024

288,826

17,653

306,479

Carrying amount

At 30 November 2024

94,328

7,095

101,423

At 30 November 2023

12,937

8,869

21,806

6

Debtors

Current

2024
£

2023
£

Trade debtors

173,522

164,961

Prepayments

3,880

4,109

 

177,402

169,070

 

G L Langton Limited

Notes to the Financial Statements for the Year Ended 30 November 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

128,793

63,918

Trade creditors

 

51,984

68,287

Taxation and social security

 

20,329

21,390

Accruals and deferred income

 

5,140

4,941

Other creditors

 

5,000

5,000

 

211,246

163,536

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

62,925

10,500