LADBROOK & LANGTON GUNSMITHS LIMITED

LADBROOK & LANGTON GUNSMITHS LIMITED

Company Registration Number:
09188058 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2022

Period of accounts

Start date: 01 October 2021

End date: 30 September 2022

LADBROOK & LANGTON GUNSMITHS LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2022

Balance sheet
Notes

LADBROOK & LANGTON GUNSMITHS LIMITED

Balance sheet

As at 30 September 2022


Notes

2022

2021


£

£
Fixed assets
Intangible assets: 3 8,800 13,200
Tangible assets: 4 254 379
Total fixed assets: 9,054 13,579
Current assets
Stocks: 7,644 26,935
Debtors:   8,239 12,198
Cash at bank and in hand: 58,361 50,931
Total current assets: 74,244 90,064
Creditors: amounts falling due within one year:   (57,440) (73,432)
Net current assets (liabilities): 16,804 16,632
Total assets less current liabilities: 25,858 30,211
Provision for liabilities: (48) (72)
Total net assets (liabilities): 25,810 30,139
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 25,710 30,039
Shareholders funds: 25,810 30,139

The notes form part of these financial statements

LADBROOK & LANGTON GUNSMITHS LIMITED

Balance sheet statements

For the year ending 30 September 2022 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 September 2023
and signed on behalf of the board by:

Name: C S Langton
Status: Director

The notes form part of these financial statements

LADBROOK & LANGTON GUNSMITHS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Depreciation is provided at an annual rate of 25% on cost on all tangible fixed assets.

Intangible fixed assets and amortisation policy

Goodwill, being the amount paid in connection with the acquistion of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Other accounting policies

StocksStocks and work in progress are valued at the lower of cost and net realisable value, after making allowance for obsolete and slow moving items.Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

LADBROOK & LANGTON GUNSMITHS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

2. Employees

2022 2021
Average number of employees during the period 1 1

LADBROOK & LANGTON GUNSMITHS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

3. Intangible Assets

Total
Cost £
At 01 October 2021 44,000
At 30 September 2022 44,000
Amortisation
At 01 October 2021 30,800
Charge for year 4,400
At 30 September 2022 35,200
Net book value
At 30 September 2022 8,800
At 30 September 2021 13,200

LADBROOK & LANGTON GUNSMITHS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

4. Tangible Assets

Total
Cost £
At 01 October 2021 49,575
At 30 September 2022 49,575
Depreciation
At 01 October 2021 49,196
Charge for year 125
At 30 September 2022 49,321
Net book value
At 30 September 2022 254
At 30 September 2021 379