Company Registration No. 08700829 (England and Wales)
Longden Transport Ltd
Unaudited accounts
for the year ended 28 February 2023
Longden Transport Ltd
Unaudited accounts
Contents
Longden Transport Ltd
Company Information
for the year ended 28 February 2023
Directors
Mr T W Longden
Mr N Morris
Company Number
08700829 (England and Wales)
Registered Office
35 Gripps Common
Cotgrave
Nottingham
Nottinghamshire
NG12 3TF
Accountants
Net Accountancy Solutions Limited
35 Gripps Common
Cotgrave
Nottingham
Nottinghamshire
NG12 3TF
Longden Transport Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
1,525
2,133
Cash at bank and in hand
-
3,012
Creditors: amounts falling due within one year
(239,672)
(250,321)
Net current assets
94,209
140,794
Total assets less current liabilities
95,734
142,927
Creditors: amounts falling due after more than one year
(31,418)
(37,643)
Called up share capital
200
200
Profit and loss account
64,116
105,084
Shareholders' funds
64,316
105,284
For the year ending 28 February 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2023 and were signed on its behalf by
Mr T W Longden
Director
Company Registration No. 08700829
Longden Transport Ltd
Notes to the Accounts
for the year ended 28 February 2023
Longden Transport Ltd is a private company, limited by shares, registered in England and Wales, registration number 08700829. The registered office is 35 Gripps Common, Cotgrave, Nottingham, Nottinghamshire, NG12 3TF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line and 25% reducing balance
Motor vehicles
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 28 February 2023
100,000
At 28 February 2023
100,000
Longden Transport Ltd
Notes to the Accounts
for the year ended 28 February 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
6,819
11,232
594
18,645
At 28 February 2023
6,819
11,232
594
18,645
At 1 March 2022
6,376
9,938
198
16,512
Charge for the year
87
323
198
608
At 28 February 2023
6,463
10,261
396
17,120
At 28 February 2023
356
971
198
1,525
At 28 February 2022
443
1,294
396
2,133
Amounts falling due within one year
Trade debtors
21,984
93,134
Other debtors
311,897
294,969
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
29,652
6,600
Trade creditors
44,570
155,394
Taxes and social security
38,442
52,115
Other creditors
127,008
36,212
8
Creditors: amounts falling due after more than one year
2023
2022
The bank loan is a bounce back loan taken out during the pandemic. It is being repaid over 10 years at 2.5% interest per annum.
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loans repayable on demand
213,194
71,851
95,263
189,782
Loans repayable on demand
19,471
54,110
30,157
43,424
232,665
125,961
125,420
233,206
Longden Transport Ltd
Notes to the Accounts
for the year ended 28 February 2023
10
Transactions with related parties
During the year the company recharged goods and services totalling £947,228 (2022: £1,485,974) to First Service Distribution Limited, a company under common control. At the 28th February 2023 £127,008 (2022: £36,212) was owing to this company and is included under other creditors. The amount is interest free and repayable on demand.
11
Average number of employees
During the year the average number of employees was 2 (2022: 2).