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REGISTERED NUMBER: 01892184 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 December 2016

for

Thomas Long & Sons Limited

Thomas Long & Sons Limited (Registered number: 01892184)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Thomas Long & Sons Limited

Company Information
for the Year Ended 31 December 2016







DIRECTORS: R I Radford
I E Scott
E D Matthews





SECRETARY: Mrs A M Adkin





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

Thomas Long & Sons Limited (Registered number: 01892184)

Balance Sheet
31 December 2016

31.12.16 31.12.15
Notes £    £   
FIXED ASSETS
Tangible assets 4 44,038 55,942

CURRENT ASSETS
Stocks 971,815 978,040
Debtors 5 628,111 632,032
Cash at bank and in hand 31,165 517,321
1,631,091 2,127,393
CREDITORS
Amounts falling due within one year 6 (1,362,704 ) (1,841,867 )
NET CURRENT ASSETS 268,387 285,526
TOTAL ASSETS LESS CURRENT
LIABILITIES

312,425

341,468

CREDITORS
Amounts falling due after more than one
year

7

(9,146

)

-

PROVISIONS FOR LIABILITIES (4,046 ) (3,149 )
NET ASSETS 299,233 338,319

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 299,133 338,219
SHAREHOLDERS' FUNDS 299,233 338,319

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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.

Thomas Long & Sons Limited (Registered number: 01892184)

Balance Sheet - continued
31 December 2016


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 Board of Directors on 2 August 2017 and were signed on its
behalf by:





I E Scott - Director


Thomas Long & Sons Limited (Registered number: 01892184)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Thomas Long & Sons 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 - 25% 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 is calculated using the first-in, first-out method and includes all purchase, transport, and handling
costs in bringing stocks to their present location and condition.

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.

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.


Thomas Long & Sons Limited (Registered number: 01892184)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

2. ACCOUNTING POLICIES - continued
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.

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 profit or loss over the relevant period. The
capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2015 - 16 ) .

Thomas Long & Sons Limited (Registered number: 01892184)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2016 138,045
Additions 17,076
Disposals (24,665 )
At 31 December 2016 130,456
DEPRECIATION
At 1 January 2016 82,103
Charge for year 15,001
Eliminated on disposal (10,686 )
At 31 December 2016 86,418
NET BOOK VALUE
At 31 December 2016 44,038
At 31 December 2015 55,942

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2016 31,000
Additions 16,750
Transfer to ownership (31,000 )
At 31 December 2016 16,750
DEPRECIATION
At 1 January 2016 14,500
Charge for year 5,188
Transfer to ownership (17,594 )
At 31 December 2016 2,094
NET BOOK VALUE
At 31 December 2016 14,656
At 31 December 2015 16,500

Thomas Long & Sons Limited (Registered number: 01892184)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade debtors 580,722 617,351
Other debtors 47,389 14,681
628,111 632,032

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Hire purchase contracts (see note 8) 5,583 7,667
Amounts due to long-term contract
customers

-

245,000
Trade creditors 287,619 332,536
Amounts owed to group undertakings 892,218 945,353
Taxation and social security 26,067 160,658
Other creditors 151,217 150,653
1,362,704 1,841,867

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.16 31.12.15
£    £   
Hire purchase contracts (see note 8) 9,146 -

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
31.12.16 31.12.15
£    £   
Net obligations repayable:
Within one year 5,583 7,667
Between one and five years 9,146 -
14,729 7,667

Non-cancellable
operating leases
31.12.16 31.12.15
£    £   
Within one year 21,000 36,000
Between one and five years - 21,000
21,000 57,000

Thomas Long & Sons Limited (Registered number: 01892184)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.16 31.12.15
£    £   
Hire purchase contracts 14,729 7,667

Obligations under hire purchase contracts are secured on the assets concerned.

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.16 31.12.15
value: £    £   
100 Ordinary shares £1 100 100

11. CONTINGENT LIABILITIES

The company has given an unlimited cross guarantee in respect of the bank borrowings of its parent
undertaking, Radford Holdings Limited. At 31 December 2016 the total amount outstanding in respect
of such borrowings was £622,208 (2015 - £560,396).

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2016
and 31 December 2015:

31.12.16 31.12.15
£    £   
I E Scott
Balance outstanding at start of year 2,100 -
Amounts advanced 13,309 2,100
Amounts repaid (2,350 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,059 2,100

E D Matthews
Balance outstanding at start of year 1,600 -
Amounts advanced 4,000 1,600
Amounts repaid (1,600 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,000 1,600

Interest charged by the company during the year, at 3.00% per annum, amounted to £130 (2015 -
£Nil).

Thomas Long & Sons Limited (Registered number: 01892184)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

13. ULTIMATE PARENT COMPANY

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