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REGISTERED NUMBER: 07106500 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

THE LONG ORCHARD FOOD COMPANY LIMITED

THE LONG ORCHARD FOOD COMPANY LIMITED (REGISTERED NUMBER: 07106500)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 9

THE LONG ORCHARD FOOD COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs C H Clapp
Mr E Roberts





REGISTERED OFFICE: Long Orchard Farm
Portsmouth Road
Cobham
Surrey
KT11 1EL





REGISTERED NUMBER: 07106500 (England and Wales)





ACCOUNTANTS: LFM
Chartered Certified Accountants
The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG

THE LONG ORCHARD FOOD COMPANY LIMITED (REGISTERED NUMBER: 07106500)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,365 3,448
Tangible assets 5 95,752 103,990
97,117 107,438

CURRENT ASSETS
Stocks 91,270 85,397
Debtors 6 78,841 73,193
Cash at bank 131,046 217,342
301,157 375,932
CREDITORS
Amounts falling due within one year 7 257,019 189,657
NET CURRENT ASSETS 44,138 186,275
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,255

293,713

CREDITORS
Amounts falling due after more than one year 8 804,848 821,584
NET LIABILITIES (663,593 ) (527,871 )

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings (673,593 ) (537,871 )
SHAREHOLDERS' FUNDS (663,593 ) (527,871 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

THE LONG ORCHARD FOOD COMPANY LIMITED (REGISTERED NUMBER: 07106500)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:





Mr E Roberts - Director


THE LONG ORCHARD FOOD COMPANY LIMITED (REGISTERED NUMBER: 07106500)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

The Long Orchard Food Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Intangible assets
Intangible assets are stated at cost less amortisation. Cost represents purchase price together with any incidental costs of acquisition.

Acquired goodwill is capitalised as the cost of business acquisitions less the fair value of the identifiable assets, liabilities and contingent liabilities.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Lease premium and franchise fee are being amortised evenly over their estimated useful life of nil years.

Amortisation
Amortisation is calculated so as to write off the cost of an asset, net of anticipated disposal proceeds, over the estimated useful economic life of that asset as follows:

Goodwill - 8.33% straight line
Lease premium and franchise fee - 8.33% - 10% straight line

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% straight line
Plant and machinery etc - 25% on cost and 10% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


THE LONG ORCHARD FOOD COMPANY LIMITED (REGISTERED NUMBER: 07106500)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

Going concern
The company is dependent upon continued finance being available from its shareholders who are also directors. These parties have confirmed that sufficient funds will continue to be made available to allow the company to meet its liabilities as they fall due.

The directors therefore consider it appropriate that the financial statements are prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2022 - 50 ) .

THE LONG ORCHARD FOOD COMPANY LIMITED (REGISTERED NUMBER: 07106500)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 17,200 153,900 171,100
AMORTISATION
At 1 April 2022 16,557 151,095 167,652
Charge for year 643 1,440 2,083
At 31 March 2023 17,200 152,535 169,735
NET BOOK VALUE
At 31 March 2023 - 1,365 1,365
At 31 March 2022 643 2,805 3,448

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 139,689 254,983 394,672
Additions - 21,451 21,451
At 31 March 2023 139,689 276,434 416,123
DEPRECIATION
At 1 April 2022 118,287 172,395 290,682
Charge for year 4,078 25,611 29,689
At 31 March 2023 122,365 198,006 320,371
NET BOOK VALUE
At 31 March 2023 17,324 78,428 95,752
At 31 March 2022 21,402 82,588 103,990

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 78,841 73,193

THE LONG ORCHARD FOOD COMPANY LIMITED (REGISTERED NUMBER: 07106500)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 3,147 -
Trade creditors 175,436 129,005
Taxation and social security 58,684 47,407
Other creditors 19,752 13,245
257,019 189,657

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 9,965 -
Other creditors 794,883 821,584
804,848 821,584

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 3,147 -
Between one and five years 9,965 -
13,112 -

Non-cancellable operating leases
2023 2022
£    £   
Within one year 97,578 107,831
Between one and five years 224,688 281,266
In more than five years 140,083 181,083
462,349 570,180

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company paid interest totalling £nil to E Roberts in respect of an existing loan from E Roberts. At the year end there were balances outstanding of £424,597 (2022: £438,860) for E Roberts and £370,281 (2022: £382,723) for S Roberts which are shown in other creditors falling due after more than one year.

THE LONG ORCHARD FOOD COMPANY LIMITED (REGISTERED NUMBER: 07106500)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

11. ULTIMATE CONTROLLING PARTY

The company was under the control of E Roberts during the period by virtue of his majority shareholding.

12. GOING CONCERN

The accounts have been prepared on a going concern basis as in the opinion of the directors, the company will become profitable in future years. The directors intends to support the company for the foreseeable future.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
THE LONG ORCHARD FOOD COMPANY LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Long Orchard Food Company Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of The Long Orchard Food Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Long Orchard Food Company Limited and state those matters that we have agreed to state to the Board of Directors of The Long Orchard Food Company Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Long Orchard Food Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Long Orchard Food Company Limited. You consider that The Long Orchard Food Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Long Orchard Food Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LFM
Chartered Certified Accountants
The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG


20 February 2024