Languard Limited - Limited company - abbreviated - 11.6
Languard Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31st December 2014 |
| for |
| Languard Limited |
| Languard Limited (Registered number: 01593319) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31st December 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Languard Limited |
| Company Information |
| for the Year Ended 31st December 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Languard Limited (Registered number: 01593319) |
| Abbreviated Balance Sheet |
| 31st December 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Investments |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Share premium |
| Capital redemption reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| Languard Limited (Registered number: 01593319) |
| Abbreviated Balance Sheet - continued |
| 31st December 2014 |
| The financial statements were approved by the Board of Directors on behalf by: |
| Languard Limited (Registered number: 01593319) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31st December 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents net invoiced sales of goods and services,excluding value added tax. |
| Tangible fixed assets |
| Freehold property | - |
| Short leasehold | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Depreciation on freehold property at Pack's Hill Farm, Husbands Bosworth has been provided at 4% on original |
| cost from November 2006. No depreciation has been charged on the freehold improvements to date. |
| Freehold land at Pack's Hill Farm, Husbands Bosworth is not depreciated. |
| Stocks |
| 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 items. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| Languard Limited (Registered number: 01593319) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31st December 2014 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st January 2014 |
| and 31st December 2014 |
| AMORTISATION |
| At 1st January 2014 |
| Amortisation for year |
| At 31st December 2014 |
| NET BOOK VALUE |
| At 31st December 2014 |
| At 31st December 2013 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st January 2014 |
| Additions |
| Disposals | ( |
) |
| At 31st December 2014 |
| DEPRECIATION |
| At 1st January 2014 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31st December 2014 |
| NET BOOK VALUE |
| At 31st December 2014 |
| At 31st December 2013 |
| The net book value of fixed assets includes £216,604 (2013 £245,417) in respect of assets held under hire |
| purchase agreements. The depreciation charged in the year on these assets amounted to £47,550 (2013 £45,778). |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| Secured creditors falling due within one year £ 96,510 |
| Secured creditors falling due after one year £135,691 |
| Languard Limited (Registered number: 01593319) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31st December 2014 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |
| 6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31st December 2014 and |
| 31st December 2013: |
| 2014 | 2013 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| W S Kay and A W Marlow have personally guaranteed an amount of £100,000 to the bank regarding overdraft |
| facilities and assigned life policies for the sums of £215,000 and £150,000 respectively. |
| £ |
| £ |