Registered Number 07514721

LONGITUDE RESEARCH LIMITED

Abbreviated Accounts

28 February 2013

LONGITUDE RESEARCH LIMITED Registered Number 07514721

Abbreviated Balance Sheet as at 28 February 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 11,974 7,782
11,974 7,782
Current assets
Debtors 113,842 53,740
Cash at bank and in hand 370,563 199,521
484,405 253,261
Creditors: amounts falling due within one year (275,131) (150,054)
Net current assets (liabilities) 209,274 103,207
Total assets less current liabilities 221,248 110,989
Total net assets (liabilities) 221,248 110,989
Capital and reserves
Called up share capital 3 200 100
Share premium account 5,984 -
Profit and loss account 215,064 110,889
Shareholders' funds 221,248 110,989
  • For the year ending 28 February 2013 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.

Approved by the Board on 3 September 2013

And signed on their behalf by:
Mr R P Mitchell, Director

LONGITUDE RESEARCH LIMITED Registered Number 07514721

Notes to the Abbreviated Accounts for the period ended 28 February 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Furniture and fixtures - 10% straight line
Computer equipment - 25% straight line

Other accounting policies
Going Concern
The directors believe the company to be a going concern and will continue to give their support to the company over the next 12 months.

Foreign Currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction.
Monetary assets and liabilities denominated in foreign currencies are translated at the rate of
exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the
profit and loss account as they become payable in accordance with the rules of the scheme.

2Tangible fixed assets
£
Cost
At 1 March 2012 10,672
Additions 7,119
Disposals -
Revaluations -
Transfers -
At 28 February 2013 17,791
Depreciation
At 1 March 2012 2,890
Charge for the year 2,927
On disposals -
At 28 February 2013 5,817
Net book values
At 28 February 2013 11,974
At 29 February 2012 7,782
3Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
860 A Ordinary shares of £0.10 each (450 shares for 2012) 86 45
60 B Ordinary shares of £0.10 each (50 shares for 2012) 6 5
920 C Ordinary shares of £0.10 each (500 shares for 2012) 92 50
160 D Ordinary shares of £0.10 each (0 shares for 2012) 16 0