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REGISTERED NUMBER: 05793920 (England and Wales)












TOWNSWEB ARCHIVING LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2024






TOWNSWEB ARCHIVING LIMITED (REGISTERED NUMBER: 05793920)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TOWNSWEB ARCHIVING LIMITED

Company Information
for the Year Ended 31 March 2024







Director: P Sugden





Registered office: The Barn Rothwell Grange Farm
Rothwell Road
Kettering
Northamptonshire
NN16 8XF





Registered number: 05793920 (England and Wales)





Accountants: Michael Price Associates Ltd
NP-105, iCentre
Howard Way
Newport Pagnell
Milton Keynes
Buckinghamshire
MK16 9PY

TOWNSWEB ARCHIVING LIMITED (REGISTERED NUMBER: 05793920)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 26,324 34,475

Current assets
Debtors 5 114,649 96,731
Cash at bank 356,548 211,509
471,197 308,240
Creditors
Amounts falling due within one year 6 157,418 98,420
Net current assets 313,779 209,820
Total assets less current liabilities 340,103 244,295

Provisions for liabilities 2,778 6,550
Net assets 337,325 237,745

Capital and reserves
Called up share capital 100 100
Retained earnings 337,225 237,645
337,325 237,745

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

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

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 5 October 2024 and were signed by:




P Sugden - Director


TOWNSWEB ARCHIVING LIMITED (REGISTERED NUMBER: 05793920)

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

1. Statutory information

Townsweb Archiving 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.

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.
Plant and machinery etc - 25% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
The directors will continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future.

3. Employees and directors

The average number of employees during the year was 18 (2023 - 18 ) .

TOWNSWEB ARCHIVING LIMITED (REGISTERED NUMBER: 05793920)

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

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2023 254,496
Additions 599
At 31 March 2024 255,095
Depreciation
At 1 April 2023 220,021
Charge for year 8,750
At 31 March 2024 228,771
Net book value
At 31 March 2024 26,324
At 31 March 2023 34,475

5. Debtors: amounts falling due within one year
31/3/24 31/3/23
£    £   
Trade debtors 59,501 75,318
Other debtors 55,148 21,413
114,649 96,731

6. Creditors: amounts falling due within one year
31/3/24 31/3/23
£    £   
Trade creditors 2,947 1
Taxation and social security 113,967 89,244
Other creditors 40,504 9,175
157,418 98,420