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REGISTERED NUMBER: 02639881 (England and Wales)















Abbreviated Unaudited Accounts For The Year Ended 30 June 2012

for

Longford Bearings & Engineering Sales
Limited

Longford Bearings & Engineering Sales
Limited (Registered number: 02639881)

Contents of the Abbreviated Accounts
For The Year Ended 30 June 2012










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Longford Bearings & Engineering Sales
Limited

Company Information
For The Year Ended 30 June 2012







DIRECTOR: Mr L L Scowen





SECRETARY: Mrs L Scowen





REGISTERED OFFICE: Transmission House
10A Lady Lane
Longford
Coventry
CV6 6AZ





REGISTERED NUMBER: 02639881 (England and Wales)





ACCOUNTANTS: Harris & Clarke LLP
7 Billing Road
Northampton
Northamptonshire
NN1 5AN

Longford Bearings & Engineering Sales
Limited (Registered number: 02639881)

Abbreviated Balance Sheet
30 June 2012

2012 2011
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 4,401 4,077

CURRENT ASSETS
Stocks 25,000 22,500
Debtors 53,977 44,758
Cash at bank 60,736 45,749
139,713 113,007
CREDITORS
Amounts falling due within one year 27,573 27,356
NET CURRENT ASSETS 112,140 85,651
TOTAL ASSETS LESS CURRENT LIABILITIES 116,541 89,728

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account 116,539 89,726
SHAREHOLDERS' FUNDS 116,541 89,728

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2012.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2012 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 14 March 2013 and were signed by:





Mr L L Scowen - Director


Longford Bearings & Engineering Sales
Limited (Registered number: 02639881)

Notes to the Abbreviated Accounts
For The Year Ended 30 June 2012


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
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date where transactions or events have occurred at that date that will result in an obligation to
pay more, or a right to pay less or to receive more, tax. However, the following exception to this policy applies:

- Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not
that there will be suitable taxable profits from which the future reversal of the underlying timing differences can
be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in
which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance
sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2011 22,228
Additions 1,203
At 30 June 2012 23,431
DEPRECIATION
At 1 July 2011 18,151
Charge for year 879
At 30 June 2012 19,030
NET BOOK VALUE
At 30 June 2012 4,401
At 30 June 2011 4,077

Longford Bearings & Engineering Sales
Limited (Registered number: 02639881)

Notes to the Abbreviated Accounts - continued
For The Year Ended 30 June 2012


3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2012 2011
value: £    £   
2 Ord £1 2 2