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REGISTERED NUMBER: 04812249 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 JUNE 2024

FOR

LONG FLIGHT LIMITED

LONG FLIGHT LIMITED (REGISTERED NUMBER: 04812249)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LONG FLIGHT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 JUNE 2024







DIRECTORS: S Durham
C Hirons





SECRETARY: S Durham





REGISTERED OFFICE: 19 Hoyland Road
Hoyland Common
Barnsley
South Yorkshire
S74 0LT





REGISTERED NUMBER: 04812249 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

LONG FLIGHT LIMITED (REGISTERED NUMBER: 04812249)

BALANCE SHEET
29 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,305 6,741

CURRENT ASSETS
Stocks 5 264,750 216,565
Debtors 6 99,356 75,418
Cash at bank and in hand 42,929 14,675
407,035 306,658
CREDITORS
Amounts falling due within one year 7 343,646 249,592
NET CURRENT ASSETS 63,389 57,066
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,694

63,807

CREDITORS
Amounts falling due after more than one
year

8

(32,233

)

(36,888

)

PROVISIONS FOR LIABILITIES 10 (819 ) (1,281 )
NET ASSETS 34,642 25,638

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 33,642 24,638
SHAREHOLDERS' FUNDS 34,642 25,638

LONG FLIGHT LIMITED (REGISTERED NUMBER: 04812249)

BALANCE SHEET - continued
29 JUNE 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 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 Profit & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:





S Durham - Director


LONG FLIGHT LIMITED (REGISTERED NUMBER: 04812249)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024

1. STATUTORY INFORMATION

Long Flight 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

LONG FLIGHT LIMITED (REGISTERED NUMBER: 04812249)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 JUNE 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 30 June 2023
and 29 June 2024 3,782 6,850 7,507 18,139
DEPRECIATION
At 30 June 2023 3,540 3,358 4,500 11,398
Charge for year 36 699 1,701 2,436
At 29 June 2024 3,576 4,057 6,201 13,834
NET BOOK VALUE
At 29 June 2024 206 2,793 1,306 4,305
At 29 June 2023 242 3,492 3,007 6,741

5. STOCKS
2024 2023
£    £   
Stocks 264,750 216,565

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 69,825 52,872
Other debtors 27,804 18,129
Tax 1,727 4,417
99,356 75,418

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 4,655 5,189
Trade creditors 189,675 138,408
Tax - 275
Social security and other taxes 375 1,252
VAT 31,696 22,437
Other creditors 50,902 43,132
Directors' current accounts 58,688 32,422
Accrued expenses 7,655 6,477
343,646 249,592

LONG FLIGHT LIMITED (REGISTERED NUMBER: 04812249)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 JUNE 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 32,233 36,888

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,387 16,953

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank and other loans 4,655 5,189

Amounts falling due between one and two years:
Bank and other loans - 1-2 yrs 4,868 4,655

Amounts falling due between two and five years:
Bank and other loans - 2-5 yrs 15,978 15,280

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,387 16,953

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 819 1,281

Deferred
tax
£   
Balance at 30 June 2023 1,281
Provided during year (462 )
Balance at 29 June 2024 819

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 ordinary £1 1,000 1,000