Registered number
10158991
LONGLEAT LIMITED
Filleted Accounts
30 May 2024
LONGLEAT LIMITED
Registered number: 10158991
Balance Sheet
as at 30 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 41,507 3,339
Current assets
Stocks 122,260 104,980
Debtors 4 61,175 55,892
Cash at bank and in hand 37,105 49,676
220,540 210,548
Creditors: amounts falling due within one year 5 (61,445) (43,898)
Net current assets 159,095 166,650
Total assets less current liabilities 200,602 169,989
Creditors: amounts falling due after more than one year 6 (34,997) (20,000)
Net assets 165,605 149,989
Capital and reserves
Called up share capital 100 100
Profit and loss account 165,505 149,889
Shareholders' funds 165,605 149,989
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Rishiv Vij
Director
Approved by the board on 24 February 2025
LONGLEAT LIMITED
Notes to the Accounts
for the year ended 30 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 31 May 2023 10,526 6,403 16,929
Additions 1,250 40,745 41,995
At 30 May 2024 11,776 47,148 58,924
Depreciation
At 31 May 2023 8,009 5,581 13,590
Charge for the year 1,258 2,569 3,827
At 30 May 2024 9,267 8,150 17,417
Net book value
At 30 May 2024 2,509 38,998 41,507
At 30 May 2023 2,517 822 3,339
4 Debtors 2024 2023
£ £
Trade debtors 11,630 1,667
Other debtors 49,545 54,225
61,175 55,892
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 39,404 27,573
Taxation and social security costs 1,271 5,960
Other creditors 10,770 365
61,445 43,898
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans secured 9,352 20,000
Obligations under finance lease and hire purchase contracts 25,645 -
34,997 20,000
7 Controlling party
The company was under the ultimate control of its director by virtue of his ownership, together with associates, of the Company's entire share capital.
8 Other information
LONGLEAT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
425 Stapleton Road
Easton
Bristol
BS5 6NA
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