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Financial Statements |
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for the Year Ended 31 March 2020 |
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for |
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Longworth & Longworth Limited |
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Financial Statements |
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for the Year Ended 31 March 2020 |
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for |
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Longworth & Longworth Limited |
Longworth & Longworth Limited (Registered number: 06511679) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2020 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Longworth & Longworth Limited |
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Company Information |
for the Year Ended 31 March 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Oxford House |
15-17 Mount Ephraim Road |
Tunbridge Wells |
Kent |
TN1 1EN |
Longworth & Longworth Limited (Registered number: 06511679) |
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Balance Sheet |
31 March 2020 |
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2020 | 2019 |
Notes | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings | 8 |
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SHAREHOLDERS' FUNDS |
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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. |
Longworth & Longworth Limited (Registered number: 06511679) |
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Balance Sheet - continued |
31 March 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
on its behalf by: |
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Longworth & Longworth Limited (Registered number: 06511679) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2020 |
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1. | STATUTORY INFORMATION |
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Longworth & Longworth Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents invoiced sales of goods, including value added tax. |
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Tangible fixed assets |
Computer equipment: 25% on reducing balance |
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Deferred tax |
Deferred Tax is not recognised in respect of all timing difference that have originated but not reversed at the |
balancesheet date as this is considered immaterial. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2019 -
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4. | PROPERTY, PLANT AND EQUIPMENT |
Computer |
equipment |
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COST |
At 1 April 2019 |
and 31 March 2020 |
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DEPRECIATION |
At 1 April 2019 |
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Charge for year |
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At 31 March 2020 |
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NET BOOK VALUE |
At 31 March 2020 |
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At 31 March 2019 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade debtors |
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Longworth & Longworth Limited (Registered number: 06511679) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2020 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Tax |
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Social security and other taxes |
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VAT | 3,916 | 4,351 |
Directors' current accounts | 108 | 214 |
Accrued expenses |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2020 | 2019 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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8. | RESERVES |
Retained |
earnings |
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At 1 April 2019 |
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Profit for the year |
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Dividends | ( |
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At 31 March 2020 |
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9. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £21,200 (2019 - £47,800) were paid to the directors . |
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10. | ULTIMATE CONTROLLING PARTY |
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The controlling parties are T W Longworth and Mrs A L Longworth. |
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11. | POST BALANCE SHEET EVENTS |
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Since the year end, the Coronavirus (COVID-19) has emerged globally resulting in a significant impact on |
businesses worldwide. As a result some business operations have been restricted, however the company continues to |
operate using alternative methods and remote working. The directors are unable to evaluate the overall financial |
impact on the business at present. Hence financial statements do not include any adjustments that might result from |
the outcome of this uncertainty. The directors are continuing to monitor, assess and act to the current changing |
environment in order to position the company to ensure its future success. |