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REGISTERED NUMBER: 03123872 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Townshend Landscape Architects Limited

Townshend Landscape Architects Limited (Registered number: 03123872)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Townshend Landscape Architects Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: R C Townshend



SECRETARY: Mrs F E M Townshend



REGISTERED OFFICE: Northumberland House
303 - 306 High Holborn
London
WC1V 7JZ



REGISTERED NUMBER: 03123872 (England and Wales)



ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ



BANKERS: Lloyds Bank Plc
Exchange Square
Beccles
Suffolk
NR34 9HH

Townshend Landscape Architects Limited (Registered number: 03123872)

Statement of Financial Position
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,664 38,100

CURRENT ASSETS
Stocks 136,404 152,831
Debtors 5 398,343 331,031
Cash at bank 329,271 512,375
864,018 996,237
CREDITORS
Amounts falling due within one year 6 202,237 267,438
NET CURRENT ASSETS 661,781 728,799
TOTAL ASSETS LESS CURRENT LIABILITIES 691,445 766,899

PROVISIONS FOR LIABILITIES 7 6,148 6,519
NET ASSETS 685,297 760,380

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 685,197 760,280
SHAREHOLDERS' FUNDS 10 685,297 760,380

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Townshend Landscape Architects Limited (Registered number: 03123872)

Statement of Financial Position - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2024 and were signed by:





R C Townshend - Director


Townshend Landscape Architects Limited (Registered number: 03123872)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Townshend Landscape Architects Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office refurbishment - 10 years straight line
Office equipment - 33% on cost
Furniture & Fixtures - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Townshend Landscape Architects Limited (Registered number: 03123872)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 26 ) .

4. TANGIBLE FIXED ASSETS
Office Office Furniture
refurbishment equipment & Fixtures Totals
£    £    £    £   
COST
At 1 February 2023 51,798 227,043 46,214 325,055
Additions - 773 - 773
Disposals - (215,860 ) - (215,860 )
At 31 January 2024 51,798 11,956 46,214 109,968
DEPRECIATION
At 1 February 2023 22,878 221,285 42,792 286,955
Charge for year 5,180 3,345 684 9,209
Eliminated on disposal - (215,860 ) - (215,860 )
At 31 January 2024 28,058 8,770 43,476 80,304
NET BOOK VALUE
At 31 January 2024 23,740 3,186 2,738 29,664
At 31 January 2023 28,920 5,758 3,422 38,100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 380,928 317,165
Other debtors 17,415 13,866
398,343 331,031

Townshend Landscape Architects Limited (Registered number: 03123872)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 21,639 13,408
Taxation and social security 130,705 204,029
Other creditors 49,893 50,001
202,237 267,438

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 6,148 6,519

Deferred
tax
£   
Balance at 1 February 2023 6,519
Credit to Income Statement during year (371 )
Balance at 31 January 2024 6,148

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 February 2023 760,280
Profit for the year 124,917
Gifted to trust (200,000 )
At 31 January 2024 685,197

Townshend Landscape Architects Limited (Registered number: 03123872)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

10. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
2024 2023
£    £   
Profit for the financial year 124,917 214,176
Gifted to employee ownership trust (200,000 ) (150,000 )
Net (reduction)/addition to shareholders' funds (75,083 ) 64,176
Opening shareholders' funds 760,380 696,204
Closing shareholders' funds 685,297 760,380

11. SHARE-BASED PAYMENT TRANSACTIONS

During the year the company gifted the sum of £200,000 to The Townshend Landscape Architects Trustee Limited (as trustee of the Townshend Landscape Architects Employee Ownership Trust).