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Company Registration No. 08056260 (England and Wales)
I J Townsend Crane Tech Limited Unaudited accounts for the year ended 31 May 2024
I J Townsend Crane Tech Limited Unaudited accounts Contents
Page
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I J Townsend Crane Tech Limited Company Information for the year ended 31 May 2024
Directors
Mr Ian Townsend Ms Jean Townsend
Company Number
08056260 (England and Wales)
Registered Office
8 Pinner View Harrow Greater London HA1 4QA England
Accountants
Majish 48a Bowrons Avenue Wembley Middlesex HA0 4QP
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I J Townsend Crane Tech Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,480 
3,365 
Current assets
Debtors
(2,610)
864 
Cash at bank and in hand
37,084 
34,220 
34,474 
35,084 
Creditors: amounts falling due within one year
(51,949)
(31,072)
Net current (liabilities)/assets
(17,475)
4,012 
Total assets less current liabilities
4,005 
7,377 
Creditors: amounts falling due after more than one year
(3,967)
(7,367)
Net assets
38 
10 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
28 
- 
Shareholders' funds
38 
10 
For the year ending 31 May 2024 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by
Mr Ian Townsend Director Company Registration No. 08056260
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I J Townsend Crane Tech Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
I J Townsend Crane Tech Limited is a private company, limited by shares, registered in England and Wales, registration number 08056260. The registered office is 8 Pinner View, Harrow, Greater London, HA1 4QA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 May 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% on cost
Fixtures & fittings
10% on cost
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
17,980 
15,708 
33,688 
Additions
24,143 
413 
24,556 
Disposals
(17,980)
- 
(17,980)
At 31 May 2024
24,143 
16,121 
40,264 
Depreciation
At 1 June 2023
17,980 
12,343 
30,323 
Charge for the year
4,829 
1,612 
6,441 
On disposals
(17,980)
- 
(17,980)
At 31 May 2024
4,829 
13,955 
18,784 
Net book value
At 31 May 2024
19,314 
2,166 
21,480 
At 31 May 2023
- 
3,365 
3,365 
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I J Townsend Crane Tech Limited Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
(2,610)
864 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,400 
3,400 
VAT
7,632 
- 
Trade creditors
1,845 
1,017 
Taxes and social security
4,436 
16,602 
Other creditors
- 
1,048 
Loans from directors
14,801 
(11,290)
Accruals
19,835 
20,295 
51,949 
31,072 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,967 
7,367 
8
Loans to directors
Amounts due from directors at the balance sheet date is £14,801 (2023: (£11,290)). The balance arose as a series of small loans. During the period expenses were paid by the director on behalf of the business and were subsequently reimbursed.
9
Controlling party
The Controlling Party is Mr Ian Townsend.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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