JG & JR Langridge Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 07284689

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		661,705		667,806

			661,705		667,806
CURRENT ASSETS
Stocks	5	200,000		200,000
Debtors	6	317,509		219,810
Cash at bank and in hand		440,485		326,150

		957,994		745,960
Creditors: Amounts Falling Due Within One Year	7	(372,557 )		(269,016 )

NET CURRENT ASSETS (LIABILITIES)			585,437		476,944

TOTAL ASSETS LESS CURRENT LIABILITIES			1,247,142		1,144,750

Creditors: Amounts Falling Due After More Than One Year	8		(38,279 )		(46,495 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(10,910 )		(12,022 )

NET ASSETS			1,197,953		1,086,233

CAPITAL AND RESERVES
Called up share capital	9		7		7
Capital redemption reserve			3		3
Income Statement			1,197,943		1,086,223

SHAREHOLDERS' FUNDS			1,197,953		1,086,233

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JG & JR Langridge Limited

Statement of Financial Position (continued)

As At 31 December 2024

For the year ending 31 December 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 in accordance with section 476 of the Companies Act 2006.

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

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Lee Pollard

Director

02/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

JG & JR Langridge Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07284689 . The registered office is Basepoint Business Centre C/O Time Accounts, Little High Street, Shoreham-By-Sea, West Sussex, BN43 5EG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	No depreciation
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	3 years straight line

2.4. Leasing and Hire Purchase Contracts

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as

operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis overthe period of the lease.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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JG & JR Langridge Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

2.7. Pensions

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2023: 6)

4. Tangible Assets

	Land & Buildings	Plant & Machinery etc.	Total
	£	£	£
Cost
As at 1 January 2024	618,068	74,798	692,866
Additions	-	8,714	8,714

As at 31 December 2024	618,068	83,512	701,580

Depreciation
As at 1 January 2024	-	25,060	25,060
Provided during the period	-	14,815	14,815

As at 31 December 2024	-	39,875	39,875

Net Book Value
As at 31 December 2024	618,068	43,637	661,705

As at 1 January 2024	618,068	49,738	667,806

Included within the net book value of land and buildings above is £618,068 (2022 - £251,154) in respect of freehold land and buildings.

5. Stocks

	2024	2023
	£	£
Work in progress	200,000	200,000

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JG & JR Langridge Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	308,791	209,516
Prepayments and accrued income	8,218	8,260
Other debtors	500	500
Director's loan account	-	1,534

	317,509	219,810

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	125,337	112,174
Bank loans and overdrafts	8,247	7,967
Corporation tax	59,567	43,307
Other taxes and social security	30,594	25,669
VAT	96,610	55,275
JG Credit card	9	-
Pension Contribution Control	787	689
Capital on tap credit card	47,475	20,035
Accruals and deferred income	3,900	3,900
Director's loan account	31	-

	372,557	269,016

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	38,279	46,495

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	7	7

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