REGISTERED NUMBER: 10790418 (England and Wales)

Financial Statements

for the Year Ended 29 May 2024

for

Longhouse Engineering Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

J Thompson

REGISTERED OFFICE:

c/o Parker Cavendish, Suite 301

Stanmore Business and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

REGISTERED NUMBER:

10790418 (England and Wales)

ACCOUNTANTS:

Parker Cavendish

Chartered Accountants

Suite 301, Stanmore Business

and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

95,186

135,589

95,186

135,589

CURRENT ASSETS

Inventories

8,000

20,000

Debtors

6

38,808

70,900

46,808

90,900

CREDITORS

Amounts falling due within one year

7

(873,722

)

(751,553

)

NET CURRENT LIABILITIES

(826,914

)

(660,653

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(731,728

)

(525,064

)

CREDITORS

Amounts falling due after more than one year

8

(63,333

)

-

NET LIABILITIES

(795,061

)

(525,064

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(795,161

)

(525,164

)

(795,061

)

(525,064

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 29 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 10 December 2025 and were signed by:

J Thompson - Director

1.	STATUTORY INFORMATION

Longhouse Engineering 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.	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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life as follows:

- Plant and machinery - Production line 12.5% p.a.on cost, others 25% p.a. on cost

- Motor vehicles - 25% p.a. on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation

Taxation for the year 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 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.

Going concern

At 29 May 2024, the company had a net liability position. The company benefits from the support of its director and therefore the financial statements have been prepared on going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 30 May 2023

and 29 May 2024

5,615

AMORTISATION

At 30 May 2023

and 29 May 2024

5,615

NET BOOK VALUE

At 29 May 2024

-

At 29 May 2023

-

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 30 May 2023

and 29 May 2024

158,058

8,833

166,891

DEPRECIATION

At 30 May 2023

27,851

3,451

31,302

Charge for year

39,058

1,345

40,403

At 29 May 2024

66,909

4,796

71,705

NET BOOK VALUE

At 29 May 2024

91,149

4,037

95,186

At 29 May 2023

130,207

5,382

135,589

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

3,597

21,080

Other debtors

29,156

28,886

VAT

1,731

-

Prepayments and accrued income

4,324

20,934

38,808

70,900

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

36,875

24,606

Trade creditors

36,820

44,689

Social security and other taxes

295

1,687

VAT

-

2,014

Directors' current accounts

716,604

658,979

Accruals and deferred income

83,128

19,578

873,722

751,553

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

20,000

-

Bank loans - 2-5 years

43,333

-

63,333

-