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Registered Number: 02826485
England and Wales

 

 

 

LANGRIDGE ORGANIC PRODUCTS LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

Langridge Organic Products Limited
Contents Page
For the year ended 31 December 2024
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Tangible fixed assets 3 666,323    547,613 
666,323    547,613 
Current assets      
Stocks 4 93,474    103,067 
Debtors 5 1,360,450    1,027,431 
Cash at bank and in hand 2,594,853    1,861,835 
4,048,777    2,992,333 
Creditors: amount falling due within one year 6 (1,271,740)   (793,471)
Net current assets 2,777,037    2,198,862 
 
Total assets less current liabilities 3,443,360    2,746,475 
Provisions for liabilities 7 (159,765)   (117,790)
Net assets 3,283,595    2,628,685 
 

Capital and reserves 		     
Called up share capital 1,100    1,100 
Share premium account 8 2,484    2,484 
Capital Redemption Reserve 9 42    42 
Profit and loss account 3,279,969    2,625,059 
Shareholders' funds 3,283,595    2,628,685 
 


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

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 29 September 2025 and were signed on its behalf by:


-------------------------------
A Pearce
Director
1
General Information
Langridge Organic Products Limited is a private company, limited by shares, registered in England and Wales, registration number 02826485, registration address Unit 6 12 13 14, Felthambrook Ind Estate Felthambrook Way, Feltham, Middlesex, TW13 7DU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Going concern
The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Income is recognised once the order has been despatched.
Operating lease agreements
Rentals paid under operating leases are charged to profit or loss on a straight line casis over the period of the lease.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income, 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 statement of financial position date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 and 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.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and machinery            15% on reducing balance
Fixtures and fittings             15% on reducing balance
Motor vehicles                      25% on reducing balance
Computer equipment          33% on cost
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. 
Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured at initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.
Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans are measured initially at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method.
2.

Average number of employees

Average number of employees during the year was 35 (2023 : 36).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 January 2024 506,082    530,698    54,989    62,221    1,153,990 
Additions 40,015    240,336    3,700    3,764    287,815 
Disposals -    (45,495)   -    -    (45,495)
At 31 December 2024 546,097    725,539    58,689    65,985    1,396,310 
Depreciation
At 01 January 2024 254,959    267,223    26,028    58,167    606,377 
Charge for year 43,671    97,499    4,899    4,036    150,105 
On disposals -    (26,495)   -    -    (26,495)
At 31 December 2024 298,630    338,227    30,927    62,203    729,987 
Net book values
Closing balance as at 31 December 2024 247,467    387,312    27,762    3,782    666,323 
Opening balance as at 01 January 2024 251,123    263,475    28,961    4,054    547,613 


4.

Stocks

2024
£		   2023
£
Finished Goods 93,474    103,067 
93,474    103,067 

5.

Debtors: amounts falling due within one year

2024
£		   2023
£
Trade Debtors 984,524    858,576 
Prepayments & Accrued Income 256,380    87,615 
Other Debtors 119,546    81,240 
1,360,450    1,027,431 

6.

Creditors: amount falling due within one year

2024
£		   2023
£
Trade Creditors 533,262    344,189 
Corporation Tax 265,635    126,600 
PAYE & Social Security 31,459    29,870 
Accrued Expenses 381,456    229,567 
Other Creditors 6,041    4,963 
Directors' Current Accounts 53,887    58,282 
1,271,740    793,471 

7.

Provisions for liabilities

2024
£		   2023
£
Deferred Tax 159,765    117,790 
159,765    117,790 

8.

Share premium account

2024
£		   2023
£
Equity Share Premium b/fwd 2,484    2,484 
2,484    2,484 

9.

Capital Redemption Reserve

2024
£		   2023
£
Capital Redemption Reserve b/fwd 42    42 
42    42 

10.

Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
.   2024
£		   2023
£
Within one year 301,302  202,217 
Between one and five years 803,472  741,462 
1,104,774  943,679 
2