Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31false2023-11-01falseNo description of principal activity1918trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05138719 2023-11-01 2024-10-31 05138719 2022-11-01 2023-10-31 05138719 2024-10-31 05138719 2023-10-31 05138719 c:Director1 2023-11-01 2024-10-31 05138719 c:Director2 2023-11-01 2024-10-31 05138719 c:RegisteredOffice 2023-11-01 2024-10-31 05138719 d:PlantMachinery 2023-11-01 2024-10-31 05138719 d:PlantMachinery 2024-10-31 05138719 d:PlantMachinery 2023-10-31 05138719 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 05138719 d:MotorVehicles 2023-11-01 2024-10-31 05138719 d:MotorVehicles 2024-10-31 05138719 d:MotorVehicles 2023-10-31 05138719 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 05138719 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 05138719 d:CurrentFinancialInstruments 2024-10-31 05138719 d:CurrentFinancialInstruments 2023-10-31 05138719 d:Non-currentFinancialInstruments 2024-10-31 05138719 d:Non-currentFinancialInstruments 2023-10-31 05138719 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 05138719 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 05138719 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 05138719 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 05138719 d:ShareCapital 2024-10-31 05138719 d:ShareCapital 2023-10-31 05138719 d:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 05138719 d:RetainedEarningsAccumulatedLosses 2024-10-31 05138719 d:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 05138719 d:RetainedEarningsAccumulatedLosses 2023-10-31 05138719 d:RetainedEarningsAccumulatedLosses 2022-11-01 05138719 c:FRS102 2023-11-01 2024-10-31 05138719 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 05138719 c:FullAccounts 2023-11-01 2024-10-31 05138719 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05138719 d:WithinOneYear 2024-10-31 05138719 d:WithinOneYear 2023-10-31 05138719 d:BetweenOneFiveYears 2024-10-31 05138719 d:BetweenOneFiveYears 2023-10-31 05138719 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-10-31 05138719 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-10-31 05138719 d:LeasedAssetsHeldAsLessee 2024-10-31 05138719 d:LeasedAssetsHeldAsLessee 2023-10-31 iso4217:GBP xbrli:pure
Company registration number: 05138719







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 OCTOBER 2024


LONGCROFTS TRANSPORT SERVICES LIMITED






































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LONGCROFTS TRANSPORT SERVICES LIMITED
 


 
COMPANY INFORMATION


Directors
Mr G J Longcroft 
Mr F J Nuttall 




Registered number
05138719



Registered office
4th Floor
95 Gresham Street

London

EC2V 7AB




Trading Address
Unit 5 Wireless Station Business Park
Chestnut Lane

Kneesworth

Royston

Hertfordshire

SG8 5JH






Accountants
Menzies LLP
Chartered Accountants

95 Gresham Street

London

EC2V 7AB





 


LONGCROFTS TRANSPORT SERVICES LIMITED
 


 
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 OCTOBER 2024

2024
2023
£
£


Turnover
2,531,579
2,299,704

Cost of sales
(2,167,692)
(2,100,152)

Gross profit
363,887
199,552

Administrative expenses
(299,596)
(325,335)

Operating profit/(loss)
64,291
(125,783)

Interest payable and similar expenses
(25,302)
(20,390)

Profit/(loss) before tax
38,989
(146,173)

Tax on profit/(loss)
8
33,301

Profit/(loss) after tax
38,997
(112,872)



Retained earnings at the beginning of the year
(15,796)
97,076

(15,796)
97,076

Profit/(loss) for the year
38,997
(112,872)

Retained earnings at the end of the year
23,201
(15,796)
The notes on pages 4 to 8 form part of these financial statements.
Page 1

 


LONGCROFTS TRANSPORT SERVICES LIMITED
REGISTERED NUMBER:05138719



STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
119,774
135,358

  
119,774
135,358

Current assets
  

Stocks
  
22,257
24,257

Debtors: amounts falling due within one year
 5 
334,637
289,062

Cash at bank and in hand
  
13,113
-

  
370,007
313,319

Creditors: amounts falling due within one year
 6 
(438,280)
(407,876)

Net current liabilities
  
 
 
(68,273)
 
 
(94,557)

Total assets less current liabilities
  
51,501
40,801

Creditors: amounts falling due after more than one year
 7 
(25,157)
(53,454)

Provisions for liabilities
  

Deferred tax
  
(1,141)
(1,141)

  
 
 
(1,141)
 
 
(1,141)

Net assets/(liabilities)
  
25,203
(13,794)


Capital and reserves
  

Called up share capital 
  
2,002
2,002

Profit and loss account
  
23,201
(15,796)

  
25,203
(13,794)

Page 2

 


LONGCROFTS TRANSPORT SERVICES LIMITED
REGISTERED NUMBER:05138719


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr G J Longcroft
Mr F J Nuttall
Director
Director


Date: 16 June 2025

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 


LONGCROFTS TRANSPORT SERVICES LIMITED
 


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

1.


General information

Longcroft Transport Services Limited is a private company, limited by shares, registered in England and Wales, company registration number 05138719. The registered office is 4th Floor, 95 Gresham Street, London, EC2V 7AB and principal place of business is Unit 5 Wireless Station, Business Park, Chestnut Lane, Kneesworth, Royston, Hertfordshire, SG8 5JH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the year end the company has net current liabilities of £68,273 (2023, £94,557). Having regard to current trading conditions the directors are confident of the adequacy of facilities and working capital available to the company to ensure that it can meet its liabilities as they fall due for the foreseeable future, being at least 12 months from the approval of these financial statements. On that basis the financial statements have been prepared on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 


LONGCROFTS TRANSPORT SERVICES LIMITED
 


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

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 


LONGCROFTS TRANSPORT SERVICES LIMITED
 


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

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

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, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2023 - 16).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 November 2023
17,626
378,056
395,682


Additions
2,250
25,000
27,250


Disposals
-
(85,282)
(85,282)



At 31 October 2024

19,876
317,774
337,650



Depreciation


At 1 November 2023
13,409
246,915
260,324


Charge for the year on owned assets
1,477
22,446
23,923


Disposals
-
(66,371)
(66,371)



At 31 October 2024

14,886
202,990
217,876



Net book value



At 31 October 2024
4,990
114,784
119,774



At 31 October 2023
4,217
131,141
135,358

Page 6

 


LONGCROFTS TRANSPORT SERVICES LIMITED
 


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

           4.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
101,884
107,835

101,884
107,835


5.


Debtors

2024
2023
£
£


Trade debtors
327,178
282,326

Other debtors
7,459
6,736

334,637
289,062



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
2,046

Bank loans
15,000
15,000

Trade creditors
119,024
109,591

Other taxation and social security
39,807
52,184

Obligations under finance lease and hire purchase contracts
30,073
28,953

Other creditors
204,826
183,552

Accruals and deferred income
29,550
16,550

438,280
407,876


Secured Loans
Included in the above are secured creditors in the amount of £30,073 (2023: £28,953).
The loan from HSBC Invoice Finance (UK) Limited within other creditors, amounting to £204,756 (2023: £183,482)
is secured via floating charge over the assets of the company and fixed charge on purchased debts which fail to
vest.

Page 7

 


LONGCROFTS TRANSPORT SERVICES LIMITED
 


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

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
8,750
23,750

Net obligations under finance leases and hire purchase contracts
16,407
29,704

25,157
53,454


Secured Loans
Included in the above are secured creditors in the amount of £16,704 (2023: £29,704).


8.


Commitments under operating leases

At 31 October 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
18,150
73,140

Later than 1 year and not later than 5 years
119,150
131,250

137,300
204,390

 
Page 8