2023-10-01 12899631 2024-09-30 12899631 2023-10-01 2024-09-30 12899631 2023-09-30 12899631 2022-10-01 2023-09-30 12899631 uk-core:WithinOneYear 2023-09-30 12899631 uk-core:WithinOneYear 2024-09-30 12899631 uk-core:AfterOneYear 2023-09-30 12899631 uk-core:AfterOneYear 2024-09-30 12899631 uk-core:ShareCapital 2024-09-30 12899631 uk-core:ShareCapital 2023-09-30 12899631 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 12899631 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 12899631 uk-bus:Director1 2023-10-01 2024-09-30 12899631 uk-core:NetGoodwill 2023-10-01 2024-09-30 12899631 uk-core:OfficeEquipment 2023-10-01 2024-09-30 12899631 uk-core:FurnitureFittings 2023-10-01 2024-09-30 12899631 uk-core:Goodwill 2023-09-30 12899631 uk-core:Goodwill 2024-09-30 12899631 uk-core:Goodwill 2023-10-01 2024-09-30 12899631 uk-core:OfficeEquipment 2023-09-30 12899631 uk-core:FurnitureFittings 2023-09-30 12899631 uk-core:FurnitureFittings 2024-09-30 12899631 uk-core:OfficeEquipment 2024-09-30 12899631 2 uk-bus:Director1 2023-10-01 2024-09-30 12899631 2 uk-bus:Director1 2024-09-30 12899631 2 uk-bus:Director1 2023-09-30 iso4217:GBP xbrli:pure 12899631 uk-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12899631 uk-bus:FRS102 2023-10-01 2024-09-30 12899631 uk-bus:FilletedAccounts 2023-10-01 2024-09-30 12899631 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30
Townsend Family Law Limited
Registered Number:12899631
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2024
Townsend Family Law Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
12899631
As at 30 September 2024
Townsend Family Law Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
60,000
63,750
2
Property, plant and equipment
5,433
7,243
3
65,433
70,993
Current assets
Trade and other receivables
9,510
12,767
4
380,973
Cash and cash equivalents
554,721
567,488
390,483
Trade and other payables: amounts falling due within one year
(179,665)
(195,986)
5
210,818
371,502
Net current assets
Total assets less current liabilities
436,935
281,811
Trade and other payables: amounts falling due after more than one
year
(3,297)
-
6
436,935
Net assets
278,514
Capital and reserves
Called up share capital
100
100
Retained earnings
436,835
278,414
436,935
278,514
Shareholders' funds
For the year ended 30 September 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 ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Marion Foley Director
These financial statements were approved and authorised for issue by the Board on 10 October 2024 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 30 September 2024
Townsend Family Law Limited
Notes to the Financial Statements
Statutory Information
Townsend Family Law Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 12899631.
Registered address:
171 Cleveland Way
Stevenage
Hertfordshire
SG1 6BX
The presentation currency is £ sterling.
Townsend Family Law Limited is a private company, limited by shares, registered in England & Wales.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Significant judgements and estimates
The preparation of financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgments are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of 20 years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25 Reducing balance
Office Equipment
25 Reducing balance
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
2 of 4
5
For the year ended 30 September 2024
Townsend Family Law Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 October 2023
75,000
At 30 September 2024
75,000
Amortisation
At 01 October 2023
11,250
3,750
Charge for year
At 30 September 2024
15,000
Net book value
At 30 September 2024
60,000
At 30 September 2023
63,750
3. Property, plant and equipment
Total
Office
Equipment
Furniture and
Fittings
£
£
£
Cost or valuation
At 01 October 2023
15,751
11,466
4,285
At 30 September 2024
4,285
11,466
15,751
Provision for depreciation and impairment
At 01 October 2023
8,508
6,107
2,401
Charge for year
1,810
1,339
471
At 30 September 2024
10,318
7,446
2,872
At 30 September 2024
Net book value
1,413
4,020
5,433
At 30 September 2023
1,884
5,359
7,243
4. Trade and other receivables
2023
2024
£
£
Trade debtors
5,852
5,060
Prepayments and accrued income
7,973
9,027
Other debtors
(1,058)
(4,577)
9,510
12,767
3 of 4
6
For the year ended 30 September 2024
Townsend Family Law Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
3,146
2,609
Taxation and social security
103,726
65,562
Accruals and deferred income
4,470
3,253
Other creditors
84,644
108,241
195,986
179,665
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
-
3,297
7. Directors advances and guarantees
At 01/10/2023
Loaned
Repaid
At 30/09/2024
£
£
£
£
Marion Foley
Unsecured Interest Free Loan
(1,058)
(4,578)
55,583
52,063
(1,058)
(4,578)
55,583
52,063
8. Guarantees and other financial commitments
Other financial commitments
During a prior period, the business secured an unrelated business as a going concern. Part of the consideration was deferred,
such that £2281 remains due at period end, all of which is current.
At period end the business holds £82363 of client's funds in cash. The director believes this amount will be fully expended or
realisable in 12 months.
9. Average number of persons employed
During the year the average number of employees was 7 (2023 : 7)
4 of 4