Longsight Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05285707 (England and Wales)

Longsight Limited

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Alderson

SECRETARY:

Mrs C M Alderson

REGISTERED OFFICE:

12 Parkfield Court

Parkfield Road

Altrincham

Cheshire

WA14 2BU

REGISTERED NUMBER:

05285707 (England and Wales)

ACCOUNTANTS:

Smart Accountants

113 Belvoir Road

Coalville

Leicestershire

LE67 3PH

FIXED ASSETS

Intangible assets

4

-

2,000

Tangible assets

5

183,281

183,281

183,281

185,281

CURRENT ASSETS

Cash at bank

1,864

907

CREDITORS

Amounts falling due within one year

6

276,902

251,327

NET CURRENT LIABILITIES

(275,038

)

(250,420

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(91,757

)

(65,139

)

ACCRUALS AND DEFERRED INCOME

720

333

NET LIABILITIES

(92,477

)

(65,472

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(92,479

)

(65,474

)

SHAREHOLDERS' FUNDS

(92,477

)

(65,472

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 22 August 2019 and were signed by:

R Alderson - Director

1.	STATUTORY INFORMATION

Longsight 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.

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Franchise Fee, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2017

and 30 November 2018

20,000

AMORTISATION

At 1 December 2017

18,000

Charge for year

2,000

At 30 November 2018

20,000

NET BOOK VALUE

At 30 November 2018

-

At 30 November 2017

2,000

FRANCHISE FEE

The franchise fee will be charged to the profit & loss over a duration of ten years.

5.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 December 2017

and 30 November 2018

183,281

NET BOOK VALUE

At 30 November 2018

183,281

At 30 November 2017

183,281

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

144,281

71,687

Other creditors

132,621

179,640

276,902

251,327