Company registration number 04346871 (England and Wales)
PH TOWNSEND ARCHIVE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
PH TOWNSEND ARCHIVE LIMITED
COMPANY INFORMATION
Directors
Mr N Williams
Mr J W Hemans
Secretary
Mr E M Probyn
Company number
04346871
Registered office
Manor Farm
Stour Provost
Gillingham
Dorset
SP8 5SA
Accountants
Koshal Associates
Gautam House
1 - 3 Shenley Avenue
Ruislip Manor
Middlesex
HA4 6BP
PH TOWNSEND ARCHIVE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
PH TOWNSEND ARCHIVE LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2024
31 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
36,500
36,500
Current assets
Cash at bank and in hand
247
139
Creditors: amounts falling due within one year
5
(407,748)
(407,424)
Net current liabilities
(407,501)
(407,285)
Net liabilities
(371,001)
(370,785)
Capital and reserves
Called up share capital
1,382
1,382
Profit and loss reserves
(372,383)
(372,167)
Total equity
(371,001)
(370,785)
For the financial year ended 31 January 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 of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 26 September 2024 and are signed on its behalf by:
Mr J W Hemans
Director
Company registration number 04346871 (England and Wales)
PH TOWNSEND ARCHIVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
- 2 -
1
Accounting policies
Company information
PH Townsend Archive Limited is a private company limited by shares incorporated in England and Wales. The registered office is Manor Farm, Stour Provost, Gillingham, Dorset, SP8 5SA.
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.
1.2
Intangible fixed assets other than goodwill
Intangible assets are measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and accumulated impairment losses.
Photo archives are being amortised evenly over their estimated useful life of Nil years.
1.3
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.
Plant and equipment
-25% on reducing balance
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
3
Intangible fixed assets
Photo Archives
£
Cost
At 1 February 2023 and 31 January 2024
36,500
Amortisation and impairment
At 1 February 2023 and 31 January 2024
Carrying amount
At 31 January 2024
36,500
At 31 January 2023
36,500
PH TOWNSEND ARCHIVE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 3 -
4
Tangible fixed assets
Plant and equipment
£
Cost
At 1 February 2023 and 31 January 2024
2,161
Depreciation and impairment
At 1 February 2023 and 31 January 2024
2,161
Carrying amount
At 31 January 2024
At 31 January 2023
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
224,400
224,400
Other creditors
183,348
183,024
407,748
407,424