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REGISTERED NUMBER: 07701806 (England and Wales)















Longpre Cabinet Makers Limited

Unaudited Financial Statements for the Year Ended 30 September 2023






Longpre Cabinet Makers Limited (Registered number: 07701806)






Contents of the Financial Statements
for the year ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Longpre Cabinet Makers Limited

Company Information
for the year ended 30 September 2023







DIRECTORS: P Longpre
H Longpre





REGISTERED OFFICE: One New Street
Wells
Somerset
BA5 2LA





REGISTERED NUMBER: 07701806 (England and Wales)





ACCOUNTANTS: Webb & Co Ltd
Accountants and Business Advisers
One New Street
Wells
Somerset
BA5 2LA

Longpre Cabinet Makers Limited (Registered number: 07701806)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible Fixed Assets 4 1,218,847 1,238,569
Investments 5 12 12
1,218,859 1,238,581

CURRENT ASSETS
Debtors 6 58,870 5,710
Cash at bank 7,449 1,190
66,319 6,900
CREDITORS
Amounts falling due within one year 7 679,153 457,813
NET CURRENT LIABILITIES (612,834 ) (450,913 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

606,025

787,668

CREDITORS
Amounts falling due after more than one
year

8

(344,672

)

(383,990

)

PROVISIONS FOR LIABILITIES (68,159 ) -
NET ASSETS 193,194 403,678

CAPITAL AND RESERVES
Called up share capital 10 2 2
Revaluation reserve 186,802 250,898
Retained earnings 6,390 152,778
SHAREHOLDERS' FUNDS 193,194 403,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Longpre Cabinet Makers Limited (Registered number: 07701806)

Balance Sheet - continued
30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:





P Longpre - Director


Longpre Cabinet Makers Limited (Registered number: 07701806)

Notes to the Financial Statements
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Longpre Cabinet Makers 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. 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Longpre Cabinet Makers Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Land 0%. Buildings over 50 years.
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Longpre Cabinet Makers Limited (Registered number: 07701806)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 October 2022 1,000,000 514,208 91,090 27,890 1,633,188
Additions - 25,134 4,150 - 29,284
Disposals - - - (1,900 ) (1,900 )
At 30 September 2023 1,000,000 539,342 95,240 25,990 1,660,572
DEPRECIATION
At 1 October 2022 - 324,902 61,319 8,398 394,619
Charge for year 10,000 27,421 5,088 6,497 49,006
Eliminated on disposal - - - (1,900 ) (1,900 )
At 30 September 2023 10,000 352,323 66,407 12,995 441,725
NET BOOK VALUE
At 30 September 2023 990,000 187,019 28,833 12,995 1,218,847
At 30 September 2022 1,000,000 189,306 29,771 19,492 1,238,569

The freehold property was valued on an open market basis on 30 September 2023 by the directors.

If the freehold property had not been revalued it would have been included at the following historical
cost:
20232022
££
Cost283,490283,490
Aggregate depreciation40,05734,387



Longpre Cabinet Makers Limited (Registered number: 07701806)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
under-
takings
£   
COST
At 1 October 2022
and 30 September 2023 12
NET BOOK VALUE
At 30 September 2023 12
At 30 September 2022 12

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Longpre Furniture Limited
Registered office: 1 New Street, Wells, England, BA5 2LA
Nature of business: Manufacture of furniture
%
Class of shares: holding
Ordinary 100.00

The Grain Gallery Limited
Registered office: 1 New Street, Wells, England, BA5 2LA
Nature of business: Retail sale in commercial art galleries
%
Class of shares: holding
Ordinary 100.00

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 58,870 5,710

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 25,914 25,914
Hire purchase contracts 17,593 25,421
Trade creditors 206,567 209,641
Amounts owed to group undertakings 358,706 176,538
Taxation and social security 68,178 15,859
Other creditors 2,195 4,440
679,153 457,813

Longpre Cabinet Makers Limited (Registered number: 07701806)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 308,592 330,317
Hire purchase contracts 36,080 53,673
344,672 383,990

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 334,506 356,231
Hire purchase contracts 53,673 79,094
388,179 435,325

Bank loans are secured by a fixed and floating charge covering all the property or undertakings of the company dated 23 March 2012.

Legal charge over the property known as Unit C, Station Road Industrial Estate, Bruton, Somerset, dated 10 May 2012.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
P Longpre
Balance outstanding at start of year - -
Amounts advanced 29,155 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,155 -

Longpre Cabinet Makers Limited (Registered number: 07701806)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

H Longpre
Balance outstanding at start of year - -
Amounts advanced 29,605 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,605 -