Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30false12023-10-01No description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05889754 2023-10-01 2024-09-30 05889754 2022-10-01 2023-09-30 05889754 2024-09-30 05889754 2023-09-30 05889754 c:Director1 2023-10-01 2024-09-30 05889754 d:CurrentFinancialInstruments 2024-09-30 05889754 d:CurrentFinancialInstruments 2023-09-30 05889754 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 05889754 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 05889754 d:ShareCapital 2024-09-30 05889754 d:ShareCapital 2023-09-30 05889754 d:RetainedEarningsAccumulatedLosses 2024-09-30 05889754 d:RetainedEarningsAccumulatedLosses 2023-09-30 05889754 c:FRS102 2023-10-01 2024-09-30 05889754 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05889754 c:FullAccounts 2023-10-01 2024-09-30 05889754 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05889754 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 05889754









LONG LIFE EUROPE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
LONG LIFE EUROPE LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 6


 
LONG LIFE EUROPE LIMITED
REGISTERED NUMBER: 05889754

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2024
2023
2023
Note
£
£
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
375,217
368,947

Cash at bank and in hand
 5 
449,347
454,453

  
824,564
823,400

Creditors: amounts falling due within one year
 6 
(446,675)
(453,705)

Net current assets
  
 
 
377,889
 
 
369,695

Total assets less current liabilities
  
377,889
369,695

  

Net assets
  
377,889
369,695


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
376,889
368,695

  
377,889
369,695

Page 1

 
LONG LIFE EUROPE LIMITED
REGISTERED NUMBER: 05889754
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The director considers 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with 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 on 18 June 2025.




S Hatzl
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
LONG LIFE EUROPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Long Life Europe Limited is a private company, limited by shares, incorporated in England and Wales, registration number 05889754. The registered office is Haslers, Old Station Road, Loughton, Essex, IG10 4PL.The principal activity of the company is importers and exporters of pharmaceutical products. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Page 3

 
LONG LIFE EUROPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is UK Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.7

Taxation

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 balance sheet date in the countries where the Company operates and generates income.


Page 4

 
LONG LIFE EUROPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Debtors

2024
2023
£
£


Trade debtors
263,095
250,556

Other debtors
111,343
117,626

Prepayments and accrued income
779
765

375,217
368,947



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
449,347
454,453

449,347
454,453



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
321,326
312,174

Corporation tax
2,480
-

Other taxation and social security
416
-

Other creditors
112,413
132,531

Accruals and deferred income
10,040
9,000

446,675
453,705


Page 5

 
LONG LIFE EUROPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Related party transactions

During the year, key management personnel received compensation of £Nil (2023 - £50,000).
At the year end amounts were due from/(to) the related parties:


2024
2023
£
£

Entities under common control
49,040
46,268
Key management personnel
(31,852)
(44,121)
17,188
2,147


8.


Controlling party

The ultimate controlling party is S Hatzl by virtue of his majority shareholding.

 
Page 6