Company Registration No. 15044627 (England and Wales)
Longbow Motorcar Company Ltd
Unaudited accounts
for the year ended 31 August 2025
Longbow Motorcar Company Ltd
Unaudited accounts
Contents
Longbow Motorcar Company Ltd
Company Information
for the year ended 31 August 2025
Directors
Daniel Peter Davey
Mark Neil Kenneth Tapscott
Company Number
15044627 (England and Wales)
Registered Office
71-75
Shelton Street
Covent Garden
London
WC2H 9JQ
United Kingdom
Longbow Motorcar Company Ltd
Statement of financial position
as at 31 August 2025
Intangible assets
362,006
-
Cash at bank and in hand
161,751
1
Creditors: amounts falling due within one year
(59,701)
-
Net current assets
178,754
1
Total assets less current liabilities
541,472
1
Creditors: amounts falling due after more than one year
(633,303)
-
Net (liabilities)/assets
(91,831)
1
Called up share capital
1
1
Profit and loss account
(91,832)
-
Shareholders' funds
(91,831)
1
For the year ending 31 August 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by
Mark Neil Kenneth Tapscott
Director
Company Registration No. 15044627
Longbow Motorcar Company Ltd
Notes to the Accounts
for the year ended 31 August 2025
Longbow Motorcar Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 15044627. The registered office is 71-75, Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The company was dormant throughout the previous financial year, and dormant accounts were filed for that period. During the current financial year, the company commenced trading activities. Although no revenue has been recognised in the year, the company has incurred expenditure relating to research and development activities and other administrative and operating costs in preparation for future commercial activities.
As a result of this activity, the company no longer qualifies as a dormant entity under the Companies Act 2006. These financial statements have therefore been prepared as the first set of financial statements reflecting trading activity under the provisions applicable to small entities in accordance with FRS 102 Section 1A.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Plant & machinery
33.33% on Straight Line
Intangible assets are recognised only when it is probable that the expected future economic benefits attributable to the asset will flow to the Company and the cost of the asset can be measured reliably. Intangible assets are initially measured at cost.
Where intangible assets are recognised, they are amortised over their useful life of 3 years and reviewed for indicators of impairment at each reporting date.
The financial statements have been prepared on a going concern basis. The directors have considered the company’s financial position, cash flow forecasts and funding requirements for a period of at least 12 months from the date of approval of these financial statements.
During the current financial year, the company commenced trading activities following a dormant period. Although the company has not yet generated revenue, it has incurred expenditure relating to research and development and other operating costs. The company is supported through [shareholder funding / existing cash reserves / external financing], and the directors are satisfied that adequate resources are available to enable the company to continue its operations and meet its obligations as they fall due.
Based on the projected financial performance and the availability of funding, the directors consider that the use of the going concern basis is appropriate and that there are no material uncertainties that cast significant doubt over the company’s ability to continue as a going concern.
Longbow Motorcar Company Ltd
Notes to the Accounts
for the year ended 31 August 2025
3
Intangible fixed assets
Other
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Accrued income and prepayments
146
-
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
21,457
-
Loans from directors
(15,310)
-
Longbow Motorcar Company Ltd
Notes to the Accounts
for the year ended 31 August 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Included within non-current creditors is an amount of £450,059.79 (2024: £nil) representing share application money received in advance of the allotment of shares. The company is in the process of completing EIS and SEIS documentation, and it is intended that shares will be issued against these receipts in due course.
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
At year-end, the director had an overdrawn current account balance of £15,310 (2024: £0). The balance is interest-free, unsecured, and is expected to be repaid within nine months of the year end.
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).