Longfield Commercials Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03640500 (England and Wales)

Unaudited Financial Statements

for the Period 1 August 2023 to 31 August 2024

for

Longfield Commercials Limited

Page

Company information

1

Chartered accountants' report

2

Statement of financial position

3

to

4

Notes to the financial statements

5

to

7

Directors:

Ms S E A Sargent

C J Lane

Secretary:

Ms S E A Sargent

Registered office:

Longfield Nursery

Broadgate

Weston Hills

Spalding

Lincolnshire

PE12 6DP

Registered number:

03640500 (England and Wales)

Accountants:

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Longfield Commercials Limited for the period ended 31 August 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Longfield Commercials Limited, as a body, in accordance with the terms of our engagement letter dated 3 July 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Longfield Commercials Limited and state those matters that we have agreed to state to the Board of Directors of Longfield Commercials Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Longfield Commercials Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Longfield Commercials Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Longfield Commercials Limited. You consider that Longfield Commercials Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Longfield Commercials Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

29 October 2025

Fixed assets

Tangible assets

5

87,913

73,752

Current assets

Debtors

6

130,954

176,785

Cash at bank

352

6,523

131,306

183,308

Creditors

Amounts falling due within one year

7

155,388

175,881

Net current (liabilities)/assets

(24,082

)

7,427

Total assets less current liabilities

63,831

81,179

Creditors

Amounts falling due after more than one
year

8

(22,300

)

(43,229

)

Provisions for liabilities

(21,978

)

(14,013

)

Net assets

19,553

23,937

Capital and reserves

Called up share capital

10

1,000

Retained earnings

18,553

22,937

Shareholders' funds

19,553

23,937

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

Ms S E A Sargent - Director

1.	Statutory information

Longfield Commercials 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

10% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

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.

4.	Employees and directors

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

5.	Tangible fixed assets

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

Cost

At 1 August 2023

5,377

4,633

112,376

15,045

137,431

Additions

-

44,450

-

44,450

Disposals

-

(4,750

)

-

(4,750

)

At 31 August 2024

5,377

4,633

152,076

15,045

177,131

Depreciation

At 1 August 2023

3,813

1,779

53,640

4,447

63,679

Charge for period

424

309

27,774

1,148

29,655

Eliminated on disposal

-

(4,116

)

-

(4,116

)

At 31 August 2024

4,237

2,088

77,298

5,595

89,218

Net book value

At 31 August 2024

1,140

2,545

74,778

9,450

87,913

At 31 July 2023

1,564

2,854

58,736

10,598

73,752

6.

Debtors: amounts falling due within one year

2024

2023

£

Trade debtors

58,584

17,690

Amount due from related

company

63,297

103,332

Other debtors

-

1,049

Directors' loan accounts

-

14,463

Prepayments and accrued income

9,073

40,251

130,954

176,785

7.

Creditors: amounts falling due within one year

2024

2023

£

Bank loans and overdrafts

10,000

Hire purchase contracts

36,728

5,398

Trade creditors

18,572

25,606

Corporation tax

33,306

83,342

Social security and other taxes

2,215

1,129

VAT

35,280

43,703

Other creditors

4,497

1,703

Directors' loan accounts

6,290

-

Accruals and deferred income

8,500

5,000

155,388

175,881

8.

Creditors: amounts falling due after more than one year

2024

2023

£

Bank loans - 1-2 years

9,167

10,000

Bank loans - 2-5 years

-

10,000

Hire purchase contracts

13,133

23,229

22,300

43,229

9.	Secured debts

The following secured debts are included within creditors:

2024

2023

£

Bank loans

19,167

30,000

Hire purchase contracts

49,861

28,627

69,028

58,627

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

1,000

Ordinary shares

£1

1,000

11.	Directors' advances, credits and guarantees

At 31 August 2024 company owed the directors £6,290 (2023 - the directors owed the company £14,463) in respect of their directors' loan account. Interest of £114, has been charged at a rate of 2.25% (2023 - £1,134).