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REGISTERED NUMBER: 08146505 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

LONGWEAR HOLDINGS LIMITED

LONGWEAR HOLDINGS LIMITED (REGISTERED NUMBER: 08146505)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LONGWEAR HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mrs S Cottrell
Mr S V Jones





REGISTERED OFFICE: Longwear Holdings Limited
Pleasant Street
Lyng
West Bromwich
West Midlands
B70 7DP





REGISTERED NUMBER: 08146505 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

LONGWEAR HOLDINGS LIMITED (REGISTERED NUMBER: 08146505)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 500 2,000
Investments 5 20,000 20,000
20,500 22,000

CURRENT ASSETS
Debtors 6 689,785 1,134,904
Cash at bank and in hand 994,146 262,152
1,683,931 1,397,056
CREDITORS
Amounts falling due within one year 7 616,352 335,776
NET CURRENT ASSETS 1,067,579 1,061,280
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,088,079

1,083,280

CAPITAL AND RESERVES
Called up share capital 11,111 11,111
Retained earnings 1,076,968 1,072,169
SHAREHOLDERS' FUNDS 1,088,079 1,083,280

LONGWEAR HOLDINGS LIMITED (REGISTERED NUMBER: 08146505)

BALANCE SHEET - continued
31 OCTOBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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.

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 Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:





Mrs S Cottrell - Director


LONGWEAR HOLDINGS LIMITED (REGISTERED NUMBER: 08146505)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Longwear Holdings 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.

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.

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

Turnover is recognised at the point the service has been provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to leasehold property - 15% on cost
Fixtures and fittings - 25% on cost
Office equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiaries are held at cost less any impairment.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

LONGWEAR HOLDINGS LIMITED (REGISTERED NUMBER: 08146505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS
Improvements
to Fixtures
leasehold and Office
property fittings equipment Totals
£    £    £    £   
COST
At 1 November 2023
and 31 October 2024 22,576 9,384 47,553 79,513
DEPRECIATION
At 1 November 2023 22,576 9,384 45,553 77,513
Charge for year - - 1,500 1,500
At 31 October 2024 22,576 9,384 47,053 79,013
NET BOOK VALUE
At 31 October 2024 - - 500 500
At 31 October 2023 - - 2,000 2,000

5. FIXED ASSET INVESTMENTS
Investment
in
subsidiary
companies
£   
COST
At 1 November 2023
and 31 October 2024 20,000
NET BOOK VALUE
At 31 October 2024 20,000
At 31 October 2023 20,000

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


Longwear Limited
Registered office: Pleasant Street, Lyng, West Bromwich, B70 7DP
Nature of business: Manufacturing
%
Class of shares: holding
Ordinary 100.00

LONGWEAR HOLDINGS LIMITED (REGISTERED NUMBER: 08146505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


5. FIXED ASSET INVESTMENTS - continued

Longwear Alloys Limited
Registered office: Pleasant Street, Lyng, West Bromwich, B70 7DP
Nature of business: Manufacturing
%
Class of shares: holding
Ordinary 100.00

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,990 4,963
Amounts owed by group undertakings 647,392 1,101,991
Other debtors 38,403 27,950
689,785 1,134,904

Amounts included in "Amounts owed by group undertakings" are loans provided to group companies. No interest is charged on these balances.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 22,643 27,312
Amounts owed to group undertakings 310,058 -
Taxation and social security 102,375 16,716
Other creditors 181,276 291,748
616,352 335,776

Amounts included in "Amounts owed to group undertakings" are loans provided by group companies. No interest is charged on these balances.

8. SECURED DEBTS

The assets of the company are secured.

9. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions totalling £nil (2023: £nil) were payable to the fund at the balance sheet date and are included within creditors.