REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2015 |
for |
Thomas Long & Sons Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2015 |
for |
Thomas Long & Sons Limited |
Thomas Long & Sons Limited (Registered number: 01892184) |
Contents of the Financial Statements |
for the Year Ended 31 December 2015 |
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 2015 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
2DW |
REGISTERED NUMBER: |
ACCOUNTANTS: |
3 Colwick Quays |
Colwick |
Nottingham |
Nottinghamshire |
NG4 2JY |
Thomas Long & Sons Limited (Registered number: 01892184) |
Balance Sheet |
31 December 2015 |
31.12.15 | 31.12.14 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors: amounts falling due within one year |
5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 2015 |
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 behalf by: |
Thomas Long & Sons Limited (Registered number: 01892184) |
Notes to the Financial Statements |
for the Year Ended 31 December 2015 |
1. | STATUTORY INFORMATION |
Thomas Long & Sons Limited is a |
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 |
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 |
Plant and machinery etc | - | 33% on reducing balance, 25% on reducing balance and 20% 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 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. |
Thomas Long & Sons Limited (Registered number: 01892184) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2015 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 January 2015 |
Additions |
Disposals | ( |
) |
At 31 December 2015 |
DEPRECIATION |
At 1 January 2015 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 December 2015 |
NET BOOK VALUE |
At 31 December 2015 |
At 31 December 2014 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and |
machinery |
etc |
£ |
COST |
At 1 January 2015 |
Transfer to ownership | (20,400 | ) |
At 31 December 2015 |
DEPRECIATION |
At 1 January 2015 |
Charge for year |
Transfer to ownership | (12,331 | ) |
At 31 December 2015 |
NET BOOK VALUE |
At 31 December 2015 |
At 31 December 2014 |
Thomas Long & Sons Limited (Registered number: 01892184) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2015 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.15 | 31.12.14 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.15 | 31.12.14 |
£ | £ |
Hire purchase contracts (see note 8) |
Amounts due to long-term contract customers |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.15 | 31.12.14 |
£ | £ |
Hire purchase contracts (see note 8) |
8. | LEASING AGREEMENTS |
Minimum lease payments fall due as follows: |
Hire purchase contracts |
31.12.15 | 31.12.14 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
Non-cancellable |
operating leases |
31.12.15 | 31.12.14 |
£ | £ |
Within one year | 36,000 | 36,000 |
Between one and five years | 21,000 | 57,000 |
57,000 | 93,000 |
Thomas Long & Sons Limited (Registered number: 01892184) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2015 |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.12.15 | 31.12.14 |
£ | £ |
Hire purchase contracts | 7,667 | 21,333 |
Obligations under hire purchase contracts are secured on the assets concerned. |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.15 | 31.12.14 |
value: | £ | £ |
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 2015 the total amount outstanding in respect |
of such borrowings was £512,500 (2014 - £562,500). |
12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the years ended 31 December 2015 |
and 31 December 2014: |
31.12.15 | 31.12.14 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
No interest has been charged on these loans. |