General Information
Langham Publishing Ltd is a private company, limited by shares, registered in England and Wales, registration number 07253627, registration address 20-22 Wenlock Road, London, N1 7GU.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 5 years.
Licences and patents
Licences and patents are stated at cost less amortisation. Amortisation of licences is calculated on a straight line basis over the life of the licence. Amortisation of patents is calculated on a straight line basis over the estimated expected useful economic life of the patents of 5 years.
Development expenditures
Research and development expenditure is charged to the income statement in the period in which it is incurred. However, where the directors are satisfied as to the technical, commercial and financial viability of individual projects, development expenditure is deferred and amortised over 4 years during which the company is expected to benefit.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
25% Straight Line
|
| Fixtures and Fittings |
25% Reducing Balance
|
|
| 2. |
Average number of employees
Average number of employees during the year was 1 (2024 : 1).
|
| 3. |
Intangible fixed assets
| Cost |
Research and Development |
|
Goodwill |
|
Patents |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 June 2024 |
130,308 |
|
186,753 |
|
10,000 |
|
327,061 |
| Additions |
12,083 |
|
- |
|
- |
|
12,083 |
| Disposals |
- |
|
- |
|
- |
|
- |
| At 31 May 2025 |
142,391 |
|
186,753 |
|
10,000 |
|
339,144 |
| Amortisation |
| At 01 June 2024 |
93,519 |
|
186,753 |
|
10,000 |
|
290,272 |
| Charge for year |
25,403 |
|
- |
|
- |
|
25,403 |
| On disposals |
- |
|
- |
|
- |
|
- |
| At 31 May 2025 |
118,922 |
|
186,753 |
|
10,000 |
|
315,675 |
| Net book values |
| At 31 May 2025 |
23,469 |
|
- |
|
- |
|
23,469 |
| At 31 May 2024 |
36,789 |
|
- |
|
- |
|
36,789 |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Fixtures and Fittings |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 June 2024 |
3,764 |
|
1,483 |
|
5,247 |
| Additions |
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
| At 31 May 2025 |
3,764 |
|
1,483 |
|
5,247 |
| Depreciation |
| At 01 June 2024 |
3,764 |
|
1,242 |
|
5,006 |
| Charge for year |
- |
|
60 |
|
60 |
| On disposals |
- |
|
- |
|
- |
| At 31 May 2025 |
3,764 |
|
1,302 |
|
5,066 |
| Net book values |
| Closing balance as at 31 May 2025 |
- |
|
181 |
|
181 |
| Opening balance as at 01 June 2024 |
- |
|
241 |
|
241 |
|
2
|