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Company registration number:
13462222
Longs Bait & Tackle Ltd
Unaudited Filleted Abridged Financial Statements for the year ended
30 June 2024
Longs Bait & Tackle Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Longs Bait & Tackle Ltd
Year ended
30 June 2024
As described on the abridged statement of financial position, the Board of Directors of
Longs Bait & Tackle Ltd
are responsible for the preparation of the
abridged financial statements
for the year ended
30 June 2024
, which comprise the abridged income statement, abridged statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
JOLLY & CO
Chartered Certified Accountants
450 Bath Road
Longford
Heathrow
UB7 0EB
United Kingdom
Date:
25 March 2025
Longs Bait & Tackle Ltd
Abridged Statement of Financial Position
30 June 2024
20242023
Note££
Fixed assets    
Tangible assets 5 -  
749
 
Current assets    
Stocks
70,015
 
50,470
 
Debtors
144
  -  
Cash at bank and in hand
(1,053
)
1,828
 
69,106
 
52,298
 
Creditors: amounts falling due within one year
(151,864
)
(133,053
)
Net current liabilities
(82,758
)
(80,755
)
Total assets less current liabilities (82,758 ) (80,006 )
Creditors: amounts falling due after more than one year -  
(2,500
)
Net liabilities
(82,758
)
(82,506
)
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(82,858
)
(82,606
)
Shareholders deficit
(82,758
)
(82,506
)
For the year ending
30 June 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of financial position and the abridged income statement for the year ended
30 June 2024
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged 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.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
25 March 2025
, and are signed on behalf of the board by:
Mrs Emma Marie Long
Director
Company registration number:
13462222
Longs Bait & Tackle Ltd
Notes to the Abridged Financial Statements
Year ended
30 June 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
8 Coronation Crescent
,
Lane End
,
High Wycombe
,
Buckinghamshire
,
HP14 3DX
, United Kingdom.

2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

The accounts have been prepared based on a Going Concern Policy on the assurance of the financial support of the Directors.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).

5 Fixed assets

Tangible assets
£
Cost  
At
1 July 2023
749
 
Disposals
(749
)
At
30 June 2024
-  
Depreciation  
At
1 July 2023
and
30 June 2024
-  
Carrying amount  
At
30 June 2024
-  
At 30 June 2023
749