LANGNESS MANAGEMENT SERVICES LIMITED

Company Registration Number:
02141970 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

LANGNESS MANAGEMENT SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

LANGNESS MANAGEMENT SERVICES LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Current assets
Debtors: 3 20,036 19,152
Cash at bank and in hand: 8,440 17,474
Total current assets: 28,476 36,626
Creditors: amounts falling due within one year: 4 (39,474) (41,776)
Net current assets (liabilities): (10,998) (5,150)
Total assets less current liabilities: (10,998) (5,150)
Total net assets (liabilities): (10,998) (5,150)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (11,098) (5,250)
Shareholders funds: (10,998) (5,150)

The notes form part of these financial statements

LANGNESS MANAGEMENT SERVICES LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 September 2025
and signed on behalf of the board by:

Name: A M Kneen
Status: Director

The notes form part of these financial statements

LANGNESS MANAGEMENT SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue recognition Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: - the amount of revenue can be measured reliably; - it is probable that the company will receive the consideration due under the contract; - the stage of completion of the contract at the end of the reporting period can be measured reliably; and - the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis: Equipment and fittings - 20% straight line The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Other accounting policies

Defined contribution pension plan The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

LANGNESS MANAGEMENT SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 3 3

LANGNESS MANAGEMENT SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Debtors

Debtors due within one year Trade debtors 2024 - 20,036 2023 - 19,152

LANGNESS MANAGEMENT SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

Creditors: Amounts falling due within one year 2024 2023 £ £ Trade creditors £438 £596 Amounts owed to group undertakings £17,245 £18,314 Other taxation and social security £6,673 £6,127 Other creditors £- £360 Accruals and deferred income £15,118 £16,379 Totals £39,474 £41,776 Amounts owed to group undertakings comprises £13,737 (2023 - £17,000) owed to Erafold Limited and £3,508 (2023 - £1,314) owed to Swallow Stevedores Limited.

LANGNESS MANAGEMENT SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Financial commitments

Pension commitments The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,208 (2023 - £2,122). Contributions totalling £nil (2023 - £360) were payable to the fund at the balance sheet date and are included in other creditors.