Company Registration No. 10642640 (England and Wales)
Townbase Limited
Unaudited accounts
for the year ended 31 March 2024
Townbase Limited
Unaudited accounts
Contents
Townbase Limited
Company Information
for the year ended 31 March 2024
Directors
Mikko Lintunen
Viesturs Feldmanis
Company Number
10642640 (England and Wales)
Registered Office
SUITE 8, NEWTON HALL TOWN STREET
NEWTON
CAMBRIDGE
CB22 7ZE
UNITED KINGDOM
Accountants
Delbeck Accountancy
Newton Hall
Town Street
Newton
Cambridge
CB22 7ZE
Townbase Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
(3,754)
11,540
Creditors: amounts falling due within one year
(4,431)
(12,531)
Net current assets
49,923
31,869
Total assets less current liabilities
50,723
32,669
Creditors: amounts falling due after more than one year
(3,859)
(5,500)
Called up share capital
103
103
Share premium
61,540
61,540
Profit and loss account
(14,779)
(34,474)
Shareholders' funds
46,864
27,169
For the year ending 31 March 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 15 October 2024 and were signed on its behalf by
Mikko Lintunen
Director
Company Registration No. 10642640
Townbase Limited
Notes to the Accounts
for the year ended 31 March 2024
Townbase Limited is a private company, limited by shares, registered in England and Wales, registration number 10642640. The registered office is SUITE 8, NEWTON HALL TOWN STREET, NEWTON, CAMBRIDGE, CB22 7ZE, UNITED KINGDOM.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Investments
Other investments
Valuation at 1 April 2023
800
Valuation at 31 March 2024
800
Amounts falling due within one year
Other debtors
22,379
22,379
Amounts falling due after more than one year
Other debtors
10,481
10,481
Townbase Limited
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
338
174
Trade creditors
10,224
8,377
Taxes and social security
(19)
-
Loans from directors
(9,267)
416
7
Creditors: amounts falling due after more than one year
2024
2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
(2,416)
11,683
-
9,267
Directors Loan
2,000
-
2,000
-
9
Average number of employees
During the year the average number of employees was 2 (2023: 1).