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
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
I J Townsend Crane Tech Limited
Statement of financial position
as at 31 May 2024
Tangible assets
21,480
3,365
Cash at bank and in hand
37,084
34,220
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)
Called up share capital
10
10
Profit and loss account
28
-
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
I J Townsend Crane Tech Limited
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 May 2024
19,314
2,166
21,480
At 31 May 2023
-
3,365
3,365
I J Townsend Crane Tech Limited
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,400
3,400
Trade creditors
1,845
1,017
Taxes and social security
4,436
16,602
Loans from directors
14,801
(11,290)
7
Creditors: amounts falling due after more than one year
2024
2023
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.
The Controlling Party is Mr Ian Townsend.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).