Registered number
09849562
The Long Table Limited
Filleted Accounts
31 October 2024
The Long Table Limited
Registered number: 09849562
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 110,088 108,824
Current assets
Stocks 3,200 2,600
Debtors 5 492,729 490,100
Cash at bank and in hand 144,806 366,986
640,735 859,686
Creditors: amounts falling due within one year 6 (133,157) (253,546)
Net current assets 507,578 606,140
Total assets less current liabilities 617,666 714,964
Creditors: amounts falling due after more than one year 7 (5,185) (15,185)
Provisions for liabilities (20,647) (24,186)
Net assets 591,834 675,593
Capital and reserves
Called up share capital 102 102
Profit and loss account 591,732 675,491
Shareholders' funds 591,834 675,593
The directors are 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 directors acknowledge their 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.
S J Stallard
Director
Approved by the board on 31 March 2025
The Long Table Limited
Notes to the Accounts
for the year ended 31 October 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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Leasehold land and buildings 10% reducing balance basis
Plant and machinery 10% reducing balance basis
Fixtures, fittings, tools and equipment 10% reducing balance basis
Motor Vehicles 25% reducing balance basis
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 15 17
3 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2023 11,000
At 31 October 2024 11,000
Amortisation
At 1 November 2023 11,000
At 31 October 2024 11,000
Net book value
At 31 October 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 November 2023 1,418 158,407 39,578 199,403
Additions - 15,302 - 15,302
At 31 October 2024 1,418 173,709 39,578 214,705
Depreciation
At 1 November 2023 - 62,783 27,796 90,579
Charge for the year - 11,092 2,946 14,038
At 31 October 2024 - 73,875 30,742 104,617
Net book value
At 31 October 2024 1,418 99,834 8,836 110,088
At 31 October 2023 1,418 95,624 11,782 108,824
5 Debtors 2024 2023
£ £
Trade debtors - 28,480
Other debtors 492,729 461,620
492,729 490,100
Amounts due after more than one year included above 482,637 360,811
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,648 10,648
Trade creditors 111,097 107,021
Taxation and social security costs 9,839 90,456
Other creditors 1,573 45,421
133,157 253,546
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,185 15,185
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
S J Stallard
Interest charged at 2.25% APR. Repayable on demand 71,979 (57,662) 14,317
J Glass
Interest charged at 2.25% APR. Repayable on demand 71,979 (57,662) 14,317
- 143,958 (115,324) 28,634
9 Related party transactions
During the year the company made further advances of £46,663.19 in the form of loans and expenses paid on their behalf, to a company which is wholly owned by both Directors and Shareholders. A total aggregate sum of £29,011.67 was repaid in the year and interest applied on the total outstanding balance of the loan at 5% APR.
10 Other information
The Long Table Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 1 The Quarry
Highertown
Portscatho
Truro
TR2 5HP
The Long Table Limited 09849562 false 2023-11-01 2024-10-31 2024-10-31 VT Final Accounts July 2024 S J Stallard No description of principal activity 09849562 2022-11-01 2023-10-31 09849562 core:WithinOneYear 2023-10-31 09849562 core:AfterOneYear 2023-10-31 09849562 core:ShareCapital 2023-10-31 09849562 core:RetainedEarningsAccumulatedLosses 2023-10-31 09849562 2023-11-01 2024-10-31 09849562 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09849562 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 09849562 bus:Director40 2023-11-01 2024-10-31 09849562 1 2023-11-01 2024-10-31 09849562 2 2023-11-01 2024-10-31 09849562 core:LandBuildings 2023-11-01 2024-10-31 09849562 core:PlantMachinery 2023-11-01 2024-10-31 09849562 core:Vehicles 2023-11-01 2024-10-31 09849562 bus:Director1 2023-11-01 2024-10-31 09849562 bus:Director1 1 2023-11-01 2024-10-31 09849562 bus:Director2 2023-11-01 2024-10-31 09849562 bus:Director2 1 2023-11-01 2024-10-31 09849562 countries:England 2023-11-01 2024-10-31 09849562 bus:FRS102 2023-11-01 2024-10-31 09849562 bus:FilletedAccounts 2023-11-01 2024-10-31 09849562 2024-10-31 09849562 core:WithinOneYear 2024-10-31 09849562 core:AfterOneYear 2024-10-31 09849562 core:ShareCapital 2024-10-31 09849562 core:RetainedEarningsAccumulatedLosses 2024-10-31 09849562 core:Goodwill 2024-10-31 09849562 core:LandBuildings 2024-10-31 09849562 core:PlantMachinery 2024-10-31 09849562 core:Vehicles 2024-10-31 09849562 bus:Director1 1 2024-10-31 09849562 bus:Director2 1 2024-10-31 09849562 2023-10-31 09849562 core:Goodwill 2023-10-31 09849562 core:LandBuildings 2023-10-31 09849562 core:PlantMachinery 2023-10-31 09849562 core:Vehicles 2023-10-31 iso4217:GBP xbrli:pure