06905045falsesupply of agricultural services and supplies2024-01-012024-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director12024-01-012024-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-12-31http://www.companieshouse.gov.uk/cd:Director22024-01-012024-12-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-12-31http://www.companieshouse.gov.uk/cd:Director32024-01-012024-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-12-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12024-01-012024-12-31http://www.companieshouse.gov.uk/pt:MotorCars2023-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-01-012024-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22024-01-012024-12-31http://www.companieshouse.gov.uk/pt:MotorCars2024-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass32024-01-012024-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-01-012024-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/2024-01-012024-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FRS1022024-01-012024-12-31http://www.companieshouse.gov.uk/2024-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2024-01-012024-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-01-012024-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 06905045
L C Longtown Limited
ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
Prepared By:
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN
L C Longtown Limited
ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
DIRECTORS
M M Armstrong
D Henderson
J M Brough
REGISTERED OFFICE
2 Punton Road
Stanwix
Carlisle
CA3 9BB
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06905045
BANKERS
Lloyds Bank plc
ACCOUNTANTS
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN
L C Longtown Limited
ACCOUNTS
FOR THEYEARENDED31/12/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
L C Longtown Limited
BALANCE SHEET AT 31/12/2024
20242023
Notes££
FIXED ASSETS
Tangible assets2585,412391,269
CURRENT ASSETS
Stock1,151,3611,123,548
Debtors42,148,4091,465,704
Current Asset Investments5149,806149,806
Cash at bank and in hand560,809918,571
4,010,3853,657,629
CREDITORS: Amounts falling due within one year61,042,753891,628
NET CURRENT ASSETS2,967,6322,766,001
TOTAL ASSETS LESS CURRENT LIABILITIES3,553,0443,157,270
CREDITORS: Amounts falling due after more than one year778,997-
PROVISIONS FOR LIABILITIES AND CHARGES95,31564,252
NET ASSETS3,378,7323,093,018
CAPITAL AND RESERVES
Called up share capital106106
Profit and loss account3,378,1223,093,012
SHAREHOLDERS' FUNDS3,378,7323,093,018
For the year ending 31/12/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 27/08/2025 and signed on their behalf by
.............................
D Henderson
Director
L C Longtown Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 20%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 33%
Motor Vehiclesreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
L C Longtown Limited
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. Turnover is recognised upon the despatch of goods or the provision of services.
1f. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1g. Leases
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the lease term.
2. TANGIBLE FIXED ASSETS
Short LeaseholdPlant andFixturesMotor
PropertiesMachineryand FittingsEquipment VehiclesTotal
££££££
Cost
At 01/01/202414,10048,6669,28043,128575,437690,611
Additions62,9919,7894,51510,599296,077383,971
Disposals----(23,812)(23,812)
At 31/12/202477,09158,45513,79553,727847,7021,050,770
Depreciation
At 01/01/2024-29,1676,92233,810229,443299,342
Disposals----(5,953)(5,953)
For the year-5,8581,0316,573158,507171,969
At 31/12/2024-35,0257,95340,383381,997465,358
Net Book Amounts
At 31/12/202477,09123,4305,84213,344465,705585,412
At 31/12/202314,10019,4992,3589,318345,994391,269
3. STOCK 20242023
££
Stock comprises:
Stock1,151,3611,123,548
1,151,3611,123,548
L C Longtown Limited
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors1,654,2051,023,109
Other debtors487,999440,472
Prepayments6,2052,123
2,148,4091,465,704
5. CURRENT ASSET INVESTMENTS
20242023
££
Investments - loan to Armstrong Henderson Limited149,806149,806
149,806149,806
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax116,689177,644
VAT289,45969,336
Other tax and social security creditors19,22819,837
Directors current account - M M Armstrong5,6485,945
Directors current account - D Henderson3,4853,782
Hire purchase56,229-
Trade creditors462,357550,809
Other creditors14,09012,209
Accruals75,56852,066
1,042,753891,628
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Hire purchase >1yr78,997-
78,997-
L C Longtown Limited
8. SECURED CREDITORS
20242023
££
Amount of other creditors which are secured135,226-
Hire purchases creditors are secured on the assets to which the liabilities relate.
9. EMPLOYEES
20242023
No.No.
Average number of employees2222
10. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
0 Ordinary shares of £1 each06
600 A Ordinary shares of £1 each600
10 B Ordinary shares of £1 each10
6106
New shares issued during period:
594 A Ordinary shares of £1 each594
10 B Ordinary shares of £1 each10
604-
On 22 July 2024 the Ordinary £1 shares were redesignated as A Ordinary £1 shares.
11. RELATED PARTY TRANSACTIONS
Total salaries of £30,803 were paid to the company directors (2023 - £24,588) during the year.
Total dividends of £153,600 (2023 - £81,600) were paid to directors during the year.
At the balance sheet date total loans of £9,133 were owed by the company to the directors (2023 - £9,727). The loans are unsecured, interest free and repayable on demand.
12. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in England & Wales.
The company's registered number is 06905045.
The company's registered office is 2 Punton Road, Stanwix,t, Carlisle, CA3 9BB.