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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
Page
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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
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Longden Transport Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,525 
2,133 
Current assets
Debtors
333,881 
388,103 
Cash at bank and in hand
- 
3,012 
333,881 
391,115 
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)
Net assets
64,316 
105,284 
Capital and reserves
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
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Longden Transport Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2022
100,000 
At 28 February 2023
100,000 
Amortisation
At 1 March 2022
100,000 
At 28 February 2023
100,000 
Net book value
At 28 February 2023
- 
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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 
Depreciation
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 
Net book value
At 28 February 2023
356 
971 
198 
1,525 
At 28 February 2022
443 
1,294 
396 
2,133 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
21,984 
93,134 
Other debtors
311,897 
294,969 
333,881 
388,103 
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 
239,672 
250,321 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
31,418 
37,643 
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.
9
Loans to directors
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 
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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).
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