REGISTERED NUMBER: |
LONGWORTH CREDIT SERVICES LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
31ST MARCH 2023 TO 29TH MARCH 2024 |
REGISTERED NUMBER: |
LONGWORTH CREDIT SERVICES LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
31ST MARCH 2023 TO 29TH MARCH 2024 |
LONGWORTH CREDIT SERVICES LTD (REGISTERED NUMBER: 09009452) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 31ST MARCH 2023 TO 29TH MARCH 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 | to | 3 |
Notes to the Financial Statements | 4 | to | 6 |
LONGWORTH CREDIT SERVICES LTD |
COMPANY INFORMATION |
FOR THE PERIOD 31ST MARCH 2023 TO 29TH MARCH 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
LONGWORTH CREDIT SERVICES LTD (REGISTERED NUMBER: 09009452) |
BALANCE SHEET |
29TH MARCH 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
LONGWORTH CREDIT SERVICES LTD (REGISTERED NUMBER: 09009452) |
BALANCE SHEET - continued |
29TH MARCH 2024 |
The financial statements were approved by the director and authorised for issue on |
LONGWORTH CREDIT SERVICES LTD (REGISTERED NUMBER: 09009452) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 31ST MARCH 2023 TO 29TH MARCH 2024 |
1. | STATUTORY INFORMATION |
Longworth Credit Services Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The creditors shown in the financial statements refer to an amount due to the director. The director has indicated that this sum will not be withdrawn within the next twelve months and that he will continue to financially support the company. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery 20% reducing balance |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 31st March 2023 |
and 29th March 2024 |
DEPRECIATION |
At 31st March 2023 |
Charge for period |
At 29th March 2024 |
NET BOOK VALUE |
At 29th March 2024 |
At 30th March 2023 |
LONGWORTH CREDIT SERVICES LTD (REGISTERED NUMBER: 09009452) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 31ST MARCH 2023 TO 29TH MARCH 2024 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 31st March 2023 |
and 29th March 2024 |
NET BOOK VALUE |
At 29th March 2024 |
At 30th March 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other debtors |
Included in other debtors is and amount of £120,125 (2023 £532,857) owed by Johns Jones and Lo Limited. D. Lo is a director of Johns Jones and Lo Limited |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Other creditors |
9. | PROVISIONS FOR LIABILITIES |
2024 | 2023 |
£ | £ |
Deferred tax |
Accelerated capital allowances |
Deferred |
tax |
£ |
Balance at 31st March 2023 |
Provided during period | ( |
) |
Balance at 29th March 2024 |
LONGWORTH CREDIT SERVICES LTD (REGISTERED NUMBER: 09009452) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 31ST MARCH 2023 TO 29TH MARCH 2024 |
10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the periods ended 29th March 2024 and 30th March 2023: |
2024 | 2023 |
£ | £ |
Balance outstanding at start of period | ( |
) | ( |
) |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period | ( |
) | ( |
) |
11. | ULTIMATE CONTROLLING PARTY |
The controlling party is D K W Lo. |
The ultimate controlling party is |