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REGISTERED NUMBER: 00432669 (England and Wales)














Unaudited Financial Statements

for the Year Ended 5 April 2024

for

Long's (Furnishers) Limited

Long's (Furnishers) Limited (Registered number: 00432669)

Contents of the Financial Statements
for the Year Ended 5 April 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 4 to 6


Long's (Furnishers) Limited

Company Information
for the Year Ended 5 April 2024







Director: Miss R A David





Registered office: Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB





Business address: Willow Cottage
Belmesthorpe
Stamford
Lincolnshire
PE9 4JQ





Registered number: 00432669 (England and Wales)





Accountants: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Long's (Furnishers) Limited


The following reproduces the text of the report prepared for the director 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 Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director 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 Long's (Furnishers) Limited for the year ended 5 April 2024 which comprise the Income statement, Statement of financial position, Statement of changes in equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Long's (Furnishers) Limited in accordance with the terms of our engagement letter dated 12 December 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Long's (Furnishers) Limited and state those matters that we have agreed to state to the director of Long's (Furnishers) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Long's (Furnishers) Limited and its director for our work or for this report.

It is your duty to ensure that Long's (Furnishers) 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 profit of Long's (Furnishers) Limited. You consider that Long's (Furnishers) 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 Long's (Furnishers) 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.






Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB


2 January 2025

Long's (Furnishers) Limited (Registered number: 00432669)

Statement of Financial Position
5 April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Investments 5 73,397 72,519
Investment property 6 100,000 120,000
173,397 192,519

Current assets
Debtors 7 355 355
Cash at bank 21,306 26,500
21,661 26,855
Creditors
Amounts falling due within one year 8 13,827 13,692
Net current assets 7,834 13,163
Total assets less current liabilities 181,231 205,682

Capital and reserves
Called up share capital 9 3,500 3,500
Revaluation reserve 111,235 131,235
Retained earnings 66,496 70,947
Shareholders' funds 181,231 205,682

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 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 director and authorised for issue on 31 December 2024 and were signed by:




Miss R A David - Director


Long's (Furnishers) Limited (Registered number: 00432669)

Notes to the Financial Statements
for the Year Ended 5 April 2024


1. Statutory information

Long's (Furnishers) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. Employees and directors

The average number of employees during the year was NIL (2023 - NIL).

Long's (Furnishers) Limited (Registered number: 00432669)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024


5. Fixed asset investments
Other
investments
£   
Cost
At 6 April 2023 72,519
Disposals (363 )
Impairments 1,241
At 5 April 2024 73,397
Net book value
At 5 April 2024 73,397
At 5 April 2023 72,519


6. Investment property
Total
£   
Fair value
At 6 April 2023 120,000
Revaluations (20,000 )
At 5 April 2024 100,000
Net book value
At 5 April 2024 100,000
At 5 April 2023 120,000

Fair value at 5 April 2024 is represented by:
£   
Valuation in 2024 100,000

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Prepayments and accrued income 355 355

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Corporation tax 2,351 2,355
Other creditors 1,684 1,684
Directors' current accounts 4,070 4,070
Accruals and deferred income 5,722 5,583
13,827 13,692

Long's (Furnishers) Limited (Registered number: 00432669)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024


9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3,500 Ordinary shares £1 3,500 3,500