Langley Business Systems (Retail) Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—5

Registered number: 03090463

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		57,875		-
Tangible Assets	5		325,943		327,899

			383,818		327,899
CURRENT ASSETS
Stocks		43,874		42,040
Debtors		290,376		169,139
Cash at bank and in hand		301,408		315,411

		635,658		526,590
Creditors: Amounts Falling Due Within One Year		(380,019 )		(208,051 )

NET CURRENT ASSETS (LIABILITIES)			255,639		318,539

TOTAL ASSETS LESS CURRENT LIABILITIES			639,457		646,438

Creditors: Amounts Falling Due After More Than One Year			(23,303 )		(29,964 )

NET ASSETS			616,154		616,474

CAPITAL AND RESERVES
Called up share capital	6		714		714
Revaluation reserve	7		46,954		46,954
Profit and Loss Account			568,486		568,806

SHAREHOLDERS' FUNDS			616,154		616,474

Page 1

Page 2

Langley Business Systems (Retail) Limited

Abridged Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit 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.

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 Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

R Cox Director	J Cox Director
24/06/2026

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

1. General Information

Langley Business Systems (Retail) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03090463 . The registered office is Langley House, Brandon Way, West Bromwich, B70 8JN.

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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.4. 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:

Leasehold	50 years
Plant & Machinery	6 years
Motor Vehicles	4 years
Fixtures & Fittings	7 years

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.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and tax is recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 15 (2024: 15)

Page 3

Page 4

Langley Business Systems (Retail) Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2025

4. Intangible Assets

	Total
	£
Cost
As at 1 January 2025	-
Additions	64,306

As at 31 December 2025	64,306

Amortisation
As at 1 January 2025	-
Provided during the period	6,431

As at 31 December 2025	6,431

Net Book Value
As at 31 December 2025	57,875

As at 1 January 2025	-

5. Tangible Assets

	Total
	£
Cost
As at 1 January 2025	631,163
Additions	62,089
Disposals	(19,799 )

As at 31 December 2025	673,453

Depreciation
As at 1 January 2025	303,264
Provided during the period	64,045
Disposals	(19,799 )

As at 31 December 2025	347,510

Net Book Value
As at 31 December 2025	325,943

As at 1 January 2025	327,899

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	714	714

Page 4

Page 5

Langley Business Systems (Retail) Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2025

7. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 January 2025	46,954	568,806
Profit for the year and total comprehensive income	-	69,980

Dividends paid	-	(70,300)

As at 31 December 2025	46,954	568,486

Page 5