REGISTERED NUMBER: 01892184 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2013

for

Thomas Long & Sons Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R I Radford

I E Scott

SECRETARY:

Mrs V C A Radford

REGISTERED OFFICE:

Park House

Mile End Road

Colwick

Nottingham

NG4

2DW

REGISTERED NUMBER:

01892184 (England and Wales)

ACCOUNTANTS:

D. K. Rumsby & Co Limited

3 Colwick Quays

Colwick

Nottingham

Nottinghamshire

NG4 2JY

FIXED ASSETS

Tangible assets

2

75,798

58,254

CURRENT ASSETS

Stocks

509,763

391,686

Debtors

494,612

357,886

Cash at bank and in hand

19,974

68,745

1,024,349

818,317

CREDITORS

Amounts falling due within one year

3

(832,437

)

(612,888

)

NET CURRENT ASSETS

191,912

205,429

TOTAL ASSETS LESS CURRENT LIABILITIES

267,710

263,683

CREDITORS

Amounts falling due after more than one year

3

(21,333

)

(22,221

)

PROVISIONS FOR LIABILITIES

(6,163

)

-

NET ASSETS

240,214

241,462

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

240,114

241,362

SHAREHOLDERS' FUNDS

240,214

241,462

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 30 July 2014 and were signed on its behalf by:

R I Radford - 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).

Turnover

The turnover in the profit and loss account represents amounts invoiced during the year, exclusive of

value added tax.

In respect of long-term contracts for ongoing services, turnover represents the value of work done in

the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and

contracts for ongoing services is recognised by reference to the stage of completion.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

33% on reducing balance and 20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks and work in progress

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Work in progress is valued on the basis of direct cost plus attributable overheads based on normal

level of activity. Provision is made for any foreseeable losses where appropriate.

Deferred tax

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

the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

137,278

Additions

37,500

Disposals

(10,171

)

At 31 December 2013

164,607

DEPRECIATION

At 1 January 2013

79,024

Charge for year

19,955

Eliminated on disposal

(10,170

)

At 31 December 2013

88,809

NET BOOK VALUE

At 31 December 2013

75,798

At 31 December 2012

58,254

3.

CREDITORS

Creditors include an amount of £ 42,588 (31.12.12 - £ 37,783 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

100

Ordinary shares

£1

100

100

5.	ULTIMATE PARENT COMPANY

Radford Holdings Limited is regarded by the directors as being the company's ultimate parent

company.