Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 07696839 Mr Andrew Long Mr Christopher Long Mrs Claire Long Mr Timothy Long iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07696839 2023-12-31 07696839 2024-12-31 07696839 2024-01-01 2024-12-31 07696839 frs-core:CurrentFinancialInstruments 2024-12-31 07696839 frs-core:ShareCapital 2024-12-31 07696839 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07696839 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07696839 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07696839 frs-bus:SmallEntities 2024-01-01 2024-12-31 07696839 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07696839 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07696839 frs-bus:OrdinaryShareClass2 2024-01-01 2024-12-31 07696839 frs-bus:OrdinaryShareClass2 2024-12-31 07696839 frs-bus:OrdinaryShareClass3 2024-01-01 2024-12-31 07696839 frs-bus:OrdinaryShareClass3 2024-12-31 07696839 frs-bus:OrdinaryShareClass4 2024-01-01 2024-12-31 07696839 frs-bus:OrdinaryShareClass4 2024-12-31 07696839 frs-bus:OrdinaryShareClass5 2024-01-01 2024-12-31 07696839 frs-bus:OrdinaryShareClass5 2024-12-31 07696839 frs-core:UnlistedNon-exchangeTraded 2024-12-31 07696839 frs-core:UnlistedNon-exchangeTraded 2023-12-31 07696839 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 07696839 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 07696839 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 07696839 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 07696839 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 07696839 frs-bus:Director1 2024-01-01 2024-12-31 07696839 frs-bus:Director1 2023-12-31 07696839 frs-bus:Director1 2024-12-31 07696839 frs-bus:Director2 2024-01-01 2024-12-31 07696839 frs-bus:Director3 2024-01-01 2024-12-31 07696839 frs-bus:Director4 2024-01-01 2024-12-31 07696839 frs-countries:EnglandWales 2024-01-01 2024-12-31 07696839 2022-12-31 07696839 2023-12-31 07696839 2023-01-01 2023-12-31 07696839 frs-core:CurrentFinancialInstruments 2023-12-31 07696839 frs-core:ShareCapital 2023-12-31 07696839 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07696839 frs-bus:OrdinaryShareClass2 2023-01-01 2023-12-31 07696839 frs-bus:OrdinaryShareClass3 2023-01-01 2023-12-31 07696839 frs-bus:OrdinaryShareClass4 2023-01-01 2023-12-31 07696839 frs-bus:OrdinaryShareClass5 2023-01-01 2023-12-31
Registered number: 07696839
Longs of Sherborne Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Company Information 1
Balance Sheet 2
Notes to the Financial Statements 3—5
Page 1
Company Information
Directors Mr Andrew Long
Mr Christopher Long
Mrs Claire Long
Mr Timothy Long
Company Number 07696839
Registered Office 24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ
Accountants Johnston Wood Roach Ltd
24 Picton House Hussar Court, Westside View
Waterlooville
PO7 7SQ
Page 1
Page 2
Balance Sheet
Registered number: 07696839
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 39,382 38,298
39,382 38,298
CURRENT ASSETS
Debtors 5 971,745 916,339
Cash at bank and in hand 14,872 34,884
986,617 951,223
Creditors: Amounts Falling Due Within One Year 6 (1,017,104 ) (988,600 )
NET CURRENT ASSETS (LIABILITIES) (30,487 ) (37,377 )
TOTAL ASSETS LESS CURRENT LIABILITIES 8,895 921
NET ASSETS 8,895 921
CAPITAL AND RESERVES
Called up share capital 7 40 40
Profit and Loss Account 8,855 881
SHAREHOLDERS' FUNDS 8,895 921
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Christopher Long
Director
29 September 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Longs of Sherborne Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07696839 . The registered office is 24 Picton House, Hussar Court, Waterlooville, Hampshire, PO7 7SQ.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Significant judgements and estimations
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.
Management do not consider there to be any significant judgements or estimates used in the preparation of these financial statements
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.6.
Investments in subsidiary undertakings are recognised at cost.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 3
Page 4
4. Investments
Unlisted
£
Cost
As at 1 January 2024 38,298
Additions 1,084
As at 31 December 2024 39,382
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 39,382
As at 1 January 2024 38,298
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 243,756 245,090
Other debtors 727,989 671,249
971,745 916,339
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to group undertakings 983,490 761,351
Other creditors 3,591 1,877
Taxation and social security 30,023 225,372
1,017,104 988,600
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
256 Ordinary A shares of £ 0.01 each 26 14
50 Ordinary B shares of £ 0.01 each 5 14
40 Ordinary C shares of £ 0.01 each 4 4
40 Ordinary D shares of £ 0.01 each 4 4
10 Ordinary E shares of £ 0.01 each 1 2
4 Ordinary F shares of £ 0.01 each - 2
40 40
Page 4
Page 5
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Christopher Long 600,980 125,965 (52,080 ) - 674,866
The above loan is unsecured, interest free and repayable on demand.
Page 5