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REGISTERED NUMBER: 08146476 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

LONGWEAR ALLOYS LIMITED

LONGWEAR ALLOYS LIMITED (REGISTERED NUMBER: 08146476)

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 ALLOYS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mrs S Cottrell
Mr S V Jones





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





REGISTERED NUMBER: 08146476 (England and Wales)





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

LONGWEAR ALLOYS LIMITED (REGISTERED NUMBER: 08146476)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 154,018 123,029
154,018 123,029

CURRENT ASSETS
Stocks 1,028,479 990,909
Debtors 6 1,145,154 1,105,974
Cash at bank 36,954 73,413
2,210,587 2,170,296
CREDITORS
Amounts falling due within one year 7 1,280,423 1,445,171
NET CURRENT ASSETS 930,164 725,125
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,084,182

848,154

CREDITORS
Amounts falling due after more than
one year

8

(35,099

)

-

PROVISIONS FOR LIABILITIES 10 (36,091 ) (28,232 )
NET ASSETS 1,012,992 819,922

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 1,002,992 809,922
SHAREHOLDERS' FUNDS 1,012,992 819,922

LONGWEAR ALLOYS LIMITED (REGISTERED NUMBER: 08146476)

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 ALLOYS LIMITED (REGISTERED NUMBER: 08146476)

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


1. STATUTORY INFORMATION

Longwear Alloys 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 once the rights and obligations of the goods have been fully transferred.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to leasehold property - 10% on cost
Plant and machinery - at varying rates on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 21 (2023 - 20 ) .

LONGWEAR ALLOYS LIMITED (REGISTERED NUMBER: 08146476)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 35,000
AMORTISATION
At 1 November 2023
and 31 October 2024 35,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
to
leasehold Plant and
property machinery Totals
£    £    £   
COST
At 1 November 2023 7,150 702,807 709,957
Additions - 69,383 69,383
Disposals - (20,958 ) (20,958 )
At 31 October 2024 7,150 751,232 758,382
DEPRECIATION
At 1 November 2023 6,379 580,549 586,928
Charge for year 771 37,623 38,394
Eliminated on disposal - (20,958 ) (20,958 )
At 31 October 2024 7,150 597,214 604,364
NET BOOK VALUE
At 31 October 2024 - 154,018 154,018
At 31 October 2023 771 122,258 123,029

The net book value of assets held under finance leases or hire purchase contracts included in Plant and Machinery is £44,074 (2023: £5,817).

LONGWEAR ALLOYS LIMITED (REGISTERED NUMBER: 08146476)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,095,874 1,078,751
Other debtors 49,280 27,223
1,145,154 1,105,974

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 9,358 3,450
Trade creditors 460,749 446,716
Amounts owed to group undertakings 647,392 739,614
Taxation and social security 79,424 31,485
Other creditors 83,500 223,906
1,280,423 1,445,171

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 35,099 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 44,457 3,450

The assets of the company are secured.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 36,091 28,232

LONGWEAR ALLOYS LIMITED (REGISTERED NUMBER: 08146476)

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


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2023 28,232
Charge to Income Statement during year 7,859
Balance at 31 October 2024 36,091

11. 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.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Longwear Holdings Limited.