Longworth & Taylor Limited - Limited company - abbreviated

REGISTERED NUMBER: 00260645 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2014

FOR

LONGWORTH & TAYLOR LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

Lady J Bellingham

Mr P H Longworth

Mrs S F Longworth

SECRETARY:

Lady J Bellingham

REGISTERED OFFICE:

1st Floor

2B Beech Road

Hale

Cheshire

WA15 9HX

REGISTERED NUMBER:

00260645 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Tangible assets

2

2,326,633

2,259,961

Investments

3

182,605

2,509,238

2,442,566

CURRENT ASSETS

Debtors

152,660

144,751

Cash at bank and in hand

147,430

215,954

300,090

360,705

CREDITORS

Amounts falling due within one year

4

233,196

258,766

NET CURRENT ASSETS

66,894

101,939

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,576,132

2,544,505

CREDITORS

Amounts falling due after more than one
year

4

13,311

48,895

NET ASSETS

2,562,821

2,495,610

CAPITAL AND RESERVES

Called up share capital

5

100,000

Profit and loss account

2,462,821

2,395,610

SHAREHOLDERS' FUNDS

2,562,821

2,495,610

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30th June 2015 and were signed on its behalf by:

Mr P H Longworth - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their residual

value, over their expected useful lives on the following bases:

Chief rents - 2% on cost

Freehold buildings - Nil

Motor vehicles - 25% reducing balance

Fixtures and fittings - 20% reducing balance

No depreciation is provided on freehold buildings. The company follows a programme of regular refurbishment

and maintenance of its properties, which includes the reinstatement of the fabric of the building where necessary,

in order to maintain them to a high standard. Accordingly in the opinion of the directors, any element of

depreciation would be immaterial and no provision has been made.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2014

2,307,867

Additions

67,946

At 31st December 2014

2,375,813

DEPRECIATION

At 1st January 2014

47,906

Charge for year

1,274

At 31st December 2014

49,180

NET BOOK VALUE

At 31st December 2014

2,326,633

At 31st December 2013

2,259,961

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1st January 2014

and 31st December 2014

182,605

NET BOOK VALUE

At 31st December 2014

182,605

At 31st December 2013

182,605

4.

CREDITORS

Creditors include an amount of £ 161,320 (2013 - £ 200,469 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

100,000

Ordinary

£1

100,000

Longworth & Taylor Limited - Limited company - abbreviated - 11.6

Longworth & Taylor Limited - Limited company - abbreviated - 11.6