LONGTERM LIMITED Accounts filed on 31-03-2014

LONGTERM LIMITED Accounts filed on 31-03-2014

LONGTERM LIMITED - Company Information

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LONGTERM LIMITED




Company Registration Number:
04088917 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st April 2013

End date: 31st March 2014

SUBMITTED

LONGTERM LIMITED

Company Information
for the Period Ended 31st March 2014




Director: David Olney
Sally Olney
Company secretary: Sally Olney
Registered office: 69 High Street
Gravenhurst
Bedford
MK45 4HZ
Company Registration Number: 04088917 (England and Wales)

LONGTERM LIMITED

Abbreviated Balance sheet
As at 31st March 2014

Notes 2014
£		 2013
£
Fixed assets
Tangible assets: 3 9,029 10,999
Total fixed assets: 9,029 10,999
Current assets
Debtors: 4 1,763 1,739
Cash at bank and in hand: 0 0
Total current assets: 1,763 1,739
Creditors
Creditors: amounts falling due within one year 5 301,170 301,013
Net current assets (liabilities): ( 299,407 ) ( 299,274 )
Total assets less current liabilities: ( 290,378 ) ( 288,275 )
Total net assets (liabilities): ( 290,378 ) ( 288,275 )

The notes form part of these financial statements

LONGTERM LIMITED

Abbreviated Balance sheet
As at 31st March 2014
continued

Notes 2014
£		 2013
£
Capital and reserves
Called up share capital: 6 100 100
Profit and Loss account: ( 290,478 ) ( 288,375 )
Total shareholders funds: ( 290,378 ) ( 288,275 )

For the year ending 31 March 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors on 23 December 2014

SIGNED ON BEHALF OF THE BOARD BY:

Name: Sally Olney
Status: Director

The notes form part of these financial statements

LONGTERM LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2014

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    he financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Small Entities (effective April 2008).

    Turnover policy

    Turnover represents the invoiced value, net of Value Added Tax, of goods sold and services provided to customers

    Tangible fixed assets depreciation policy

    Depreciation is provided on all tangible fixed assets at rates calculated to write each asset down to its estimated residual value evenly over its expected useful life, as follows:- Plant and machinery over 10 years Computer equipment over 3 years

LONGTERM LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2014

  • 3. Tangible assets

    Total
    Cost £
    At 01st April 2013: 21,147
    At 31st March 2014: 21,147
    Depreciation
    At 01st April 2013: 10,148
    Charge for year: 1,970
    At 31st March 2014: 12,118
    Net book value
    At 31st March 2014: 9,029
    At 31st March 2013: 10,999

LONGTERM LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2014

  • 4. Debtors

    2014
    £     		2013
    £
    Trade debtors: 0 0
    Other debtors: 1,763 1,739
    Prepayments and accrued income: 0 0
    Total: 1,763 1,739

LONGTERM LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2014

  • 5. Creditors: amounts falling due within one year

    2014
    £     		2013
    £
    Trade creditors: 0 0
    Taxation and social security: 0 0
    Accruals and deferred income: 0 0
    Other creditors: 301,170 301,013
    Total: 301,170 301,013

LONGTERM LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2014

  • 6. Called up share capital

    Allotted, called up and paid

    Previous period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    		100
    Total share capital: 100
    Current period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    		100
    Total share capital: 100

LONGTERM LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2014

  • 8. Related party disclosures

    Name of the ultimate controlling party during the period: None
    Name of related party: David Olney
    Relationship: Director
    Description of the transaction: Loan from director
    Balance at 01st April 2013 43,424
    Balance at 31st March 2014 43,581