REGISTERED NUMBER: 05240130 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LANGFORDS VEHICLE DISMANTLERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Langford

K R Langford

REGISTERED OFFICE:

The Breakers Yard

Semley

Shaftesbury

Dorset

SP7 9AQ

REGISTERED NUMBER:

05240130 (England and Wales)

ACCOUNTANTS:

Andrews and Palmer

Chartered Accountants

32 The Square

Gillingham

Dorset

SP8 4AR

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

151,166

117,863

Investments

6

237,146

217,774

388,312

335,637

CURRENT ASSETS

Stocks

286,238

238,329

Debtors

7

35,717

47,703

Cash at bank and in hand

145,600

279,390

467,555

565,422

CREDITORS

Amounts falling due within one year

8

47,674

73,811

NET CURRENT ASSETS

419,881

491,611

TOTAL ASSETS LESS CURRENT LIABILITIES

808,193

827,248

PROVISIONS FOR LIABILITIES

25,588

15,760

NET ASSETS

782,605

811,488

CAPITAL AND RESERVES

Called up share capital

9

120

120

Retained earnings

782,485

811,368

SHAREHOLDERS' FUNDS

782,605

811,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

P Langford - Director

K R Langford - Director

1.	STATUTORY INFORMATION

Langfords Vehicle Dismantlers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents the value of goods sold during the period, net of VAT and trade discounts. Turnover is recognised when goods are physically delivered to the customer.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life of 5 years. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life.

Improvements to property - 15% reducing balance

Plant and machinery - 25% reducing balance

Motor vehicles - 25% reducing balance

Freehold land is not depreciated.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments are measured at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 end 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.

Pensions

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

79,000

AMORTISATION

At 1 January 2024

and 31 December 2024

79,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

Motor

property

property

machinery

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

62,936

20,625

340,657

18,250

442,468

Additions

-

7,654

51,957

-

59,611

At 31 December 2024

62,936

28,279

392,614

18,250

502,079

DEPRECIATION

At 1 January 2024

-

16,210

295,075

13,320

324,605

Charge for year

-

664

24,411

1,233

26,308

At 31 December 2024

-

16,874

319,486

14,553

350,913

NET BOOK VALUE

At 31 December 2024

62,936

11,405

73,128

3,697

151,166

At 31 December 2023

62,936

4,415

45,582

4,930

117,863

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2024

217,774

Additions

43,959

Disposals

(37,967

)

Revaluations

13,380

At 31 December 2024

237,146

NET BOOK VALUE

At 31 December 2024

237,146

At 31 December 2023

217,774

Cost or valuation at 31 December 2024 is represented by:

Other

investments

£

Valuation in 2023

9,995

Valuation in 2024

13,380

Cost

213,771

237,146

Other fixed asset investments are represented by a listed managed equity based portfolio held within a collective investment account. Listed investments are held at fair value based on the market valuation, with changes in value charged or credited to the profit and loss account.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

14,926

35,047

Other debtors

20,791

12,656

35,717

47,703

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

601

10

Taxation and social security

32,292

58,018

Other creditors

14,781

15,783

47,674

73,811

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

60

Ordinary 'A' shares

£1

60

60

60

Ordinary 'B' shares

£1

60

60

120

120