Company registration number 03518491 (England and Wales)
TOWNSEND INFORMATION SYSTEMS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
TOWNSEND INFORMATION SYSTEMS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
TOWNSEND INFORMATION SYSTEMS LTD
BALANCE SHEET
AS AT
5 APRIL 2024
05 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,553
6,529
Investments
4
127,893
113,412
131,446
119,941
Current assets
Debtors
3
-
0
Cash at bank and in hand
29,626
34,605
29,629
34,605
Creditors: amounts falling due within one year
5
1,278
(4,857)
Net current assets
30,907
29,748
Net assets
162,353
149,689
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
162,253
149,589
Total equity
162,353
149,689

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 5 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 23 September 2024
D Townsend
Director
Company registration number 03518491 (England and Wales)
TOWNSEND INFORMATION SYSTEMS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
- 2 -
1
Accounting policies
Company information

Townsend Information Systems Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 2 Victoria Court, Royal Earlswood Park, Redhill, Surrey, RH1 6TE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% Straight Line
Office equipment
25% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.3
Fixed asset investments

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

TOWNSEND INFORMATION SYSTEMS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 6 April 2023
13,532
Additions
492
At 5 April 2024
14,024
Depreciation and impairment
At 6 April 2023
7,002
Depreciation charged in the year
3,469
At 5 April 2024
10,471
Carrying amount
At 5 April 2024
3,553
At 5 April 2023
6,529
4
Fixed asset investments
2024
2023
£
£
Other investments other than loans
127,893
113,412
TOWNSEND INFORMATION SYSTEMS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
4
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 6 April 2023
113,412
Valuation changes
14,481
At 5 April 2024
127,893
Carrying amount
At 5 April 2024
127,893
At 5 April 2023
113,412
5
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
(1,878)
4,257
Other creditors
600
600
(1,278)
4,857
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