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Registered number: 02841106
Langdawe Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
MAR Kilshaw Limited
99 Stanley Road
Bootle
Liverpool
Merseyside
L20 7DA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 02841106
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 378,411 431,374
378,411 431,374
CURRENT ASSETS
Stocks 5 316,377 358,533
Debtors 6 390,242 430,130
Cash at bank and in hand - 1
706,619 788,664
Creditors: Amounts Falling Due Within One Year 7 (672,651 ) (768,318 )
NET CURRENT ASSETS (LIABILITIES) 33,968 20,346
TOTAL ASSETS LESS CURRENT LIABILITIES 412,379 451,720
Creditors: Amounts Falling Due After More Than One Year 8 (99,575 ) (206,389 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (94,603 ) (75,764 )
NET ASSETS 218,201 169,567
CAPITAL AND RESERVES
Called up share capital 11 102 102
Profit and Loss Account 218,099 169,465
SHAREHOLDERS' FUNDS 218,201 169,567
Page 1
Page 2
For the year ending 31 March 2026 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.
On behalf of the board
Mr P M Brennan
Director
9 September 2026
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Langdawe Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02841106 . The registered office is Unit 16 Brickfields, Huyton Business Park, Liverpool, Merseyside, L36 6HY.
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. 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 10% reducing balance
Plant & Machinery 15% reducing balance
Motor Vehicles 20% reducing balance
Computer Equipment 15% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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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. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract the evidence a residual interest in the asset of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (Including share capital) are equivalent to a similar debt instrument, those financial instruments are classes as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classes as an equity instrument. Any dividends and distributions relating to an equity instrument are debited direct to equity. 
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.9. Factoring and Invoice Discounting
The company operates an invoice discounting facility whereby funds are advanced against certain trade receivables. Trade debtors subject to the facility continue to be recognised within debtors where the company retains substantially all the risks and rewards of ownership. Advances received under the facility are included within creditors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2025: 20)
23 20
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2025 9,000 1,164,957 27,995 34,650 1,236,602
Additions - 11,611 - - 11,611
As at 31 March 2026 9,000 1,176,568 27,995 34,650 1,248,213
Depreciation
As at 1 April 2025 7,906 752,848 13,661 30,813 805,228
Provided during the period 109 61,021 2,867 577 64,574
As at 31 March 2026 8,015 813,869 16,528 31,390 869,802
Net Book Value
As at 31 March 2026 985 362,699 11,467 3,260 378,411
As at 1 April 2025 1,094 412,109 14,334 3,837 431,374
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2026 2025
£ £
Plant & Machinery 247,695 291,407
Motor Vehicles 11,467 14,334
259,162 305,741
5. Stocks
2026 2025
£ £
Finished goods 316,377 358,533
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6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 390,242 430,130
Trade receivables include amounts subject to an invoice discounting facility. The company retains substantially all the risks and rewards associated with these receivables and therefore continues to recognise them within debtors.
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 76,023 83,987
Trade creditors 134,028 172,654
Bank loans and overdrafts 68,437 60,872
Other creditors 324,624 397,444
Taxation and social security 69,539 53,361
672,651 768,318
The company's banking facilities are secured by a legal assignment of certain contract monies in favour of HSBC UK Bank plc. The charge contains a negative pledge.
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 81,956 158,294
Bank loans 17,619 48,095
99,575 206,389
9. Secured Creditors
Included within secured creditors are amounts owing under the company's invoice discounting facility, which are secured by assignments of certain trade receivables and related security arrangements.
2026 2025
£ £
Bank loans and overdrafts 86,056 108,967
Other Creditors 307,948 374,975
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10. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 76,023 83,987
Later than one year and not later than five years 81,956 158,294
157,979 242,281
157,979 242,281
11. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 102 102
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