2022-10-01 12899631 2023-09-30 12899631 2022-10-01 2023-09-30 12899631 2022-09-30 12899631 2021-10-01 2022-09-30 12899631 uk-core:WithinOneYear 2022-09-30 12899631 uk-core:WithinOneYear 2023-09-30 12899631 uk-core:AfterOneYear 2022-09-30 12899631 uk-core:AfterOneYear 2023-09-30 12899631 uk-core:ShareCapital 2023-09-30 12899631 uk-core:ShareCapital 2022-09-30 12899631 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 12899631 uk-core:RetainedEarningsAccumulatedLosses 2022-09-30 12899631 uk-bus:Director1 2022-10-01 2023-09-30 12899631 uk-core:NetGoodwill 2022-10-01 2023-09-30 12899631 uk-core:OfficeEquipment 2022-10-01 2023-09-30 12899631 uk-core:FurnitureFittings 2022-10-01 2023-09-30 12899631 uk-core:Goodwill 2022-09-30 12899631 uk-core:Goodwill 2023-09-30 12899631 uk-core:Goodwill 2022-10-01 2023-09-30 12899631 uk-core:OfficeEquipment 2022-09-30 12899631 uk-core:FurnitureFittings 2022-09-30 12899631 uk-core:FurnitureFittings 2023-09-30 12899631 uk-core:OfficeEquipment 2023-09-30 12899631 2 uk-bus:Director1 2022-10-01 2023-09-30 12899631 2 uk-bus:Director1 2023-09-30 12899631 2 uk-bus:Director1 2022-09-30 iso4217:GBP xbrli:pure 12899631 uk-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 12899631 uk-bus:FRS102 2022-10-01 2023-09-30 12899631 uk-bus:FullAccounts 2022-10-01 2023-09-30 12899631 uk-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30
Townsend Family Law Limited
Registered Number:12899631
For the year ended 30 September 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2023
Townsend Family Law Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
12899631
As at 30 September 2023
Townsend Family Law Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
63,750
67,500
2
Property, plant and equipment
7,243
8,068
3
70,993
75,568
Current assets
Trade and other receivables
6,923
9,510
4
744,253
Cash and cash equivalents
380,973
390,483
751,176
Trade and other payables: amounts falling due within one year
(614,730)
(179,665)
5
136,446
210,818
Net current assets
Total assets less current liabilities
281,811
212,014
Trade and other payables: amounts falling due after more than one
year
(14,219)
(3,297)
6
278,514
Net assets
197,795
Capital and reserves
Called up share capital
100
100
Retained earnings
278,414
197,695
278,514
197,795
Shareholders' funds
For the year ended 30 September 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Marion Foley Director
These financial statements were approved and authorised for issue by the Board on 05 October 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 September 2023
Townsend Family Law Limited
Notes to the Financial Statements
Statutory Information
Townsend Family Law Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 12899631.
Registered address:
171 Cleveland Way
Stevenage
Hertfordshire
SG1 6BX
The presentation currency is £ sterling.
Townsend Family Law Limited is a private company, limited by shares, registered in England & Wales.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain assets.
Significant judgements and estimates
The preparation of financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgments are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of 20 years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25 Reducing balance
Office Equipment
25 Reducing balance
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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5
For the year ended 30 September 2023
Townsend Family Law Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 October 2022
75,000
At 30 September 2023
75,000
Amortisation
At 01 October 2022
7,500
3,750
Charge for year
At 30 September 2023
11,250
Net book value
At 30 September 2023
63,750
At 30 September 2022
67,500
3. Property, plant and equipment
Total
Office
Equipment
Furniture and
Fittings
£
£
£
Cost or valuation
At 01 October 2022
14,160
9,875
4,285
1,591
1,591
-
Additions
At 30 September 2023
4,285
11,466
15,751
Provision for depreciation and impairment
At 01 October 2022
6,092
4,320
1,772
Charge for year
2,416
1,787
629
At 30 September 2023
8,508
6,107
2,401
At 30 September 2023
Net book value
1,884
5,359
7,243
At 30 September 2022
2,513
5,555
8,068
4. Trade and other receivables
2022
2023
£
£
Trade debtors
5,060
6,845
Prepayments and accrued income
9,027
7,199
Other debtors
(4,577)
(7,121)
6,923
9,510
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6
For the year ended 30 September 2023
Townsend Family Law Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
2,609
2,400
Taxation and social security
65,562
65,558
Accruals and deferred income
3,253
2,716
Other creditors
108,241
544,056
179,665
614,730
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
3,297
14,219
7. Directors advances and guarantees
At 01/10/2022
Loaned
Repaid
At 30/09/2023
£
£
£
£
Marion Foley
Unsecured Interest Free Loan
(4,578)
(7,121)
44,835
42,292
(4,578)
(7,121)
44,835
42,292
8. Guarantees and other financial commitments
Other financial commitments
During a prior period, the business secured an unrelated business as a going concern. Part of the consideration was deferred,
such that £15996 remains due at period end, of which £12187 is current.
At period end the business holds £96053 of client's funds in cash. The directors believe this amount will be fully expended or
realisable in 12 months.
9. Average number of persons employed
During the year the average number of employees was 7 (2022 : 6)
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