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REGISTERED NUMBER: 09710027 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

TOWNSLEY ASSOCIATES LIMITED

TOWNSLEY ASSOCIATES LIMITED (REGISTERED NUMBER: 09710027)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOWNSLEY ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2025







DIRECTORS: Mrs K Townsley
I G Townsley





REGISTERED OFFICE: 17 Loach Field Close
Hurst Green
Clitheroe
Lancashire
BB7 9ZF





REGISTERED NUMBER: 09710027 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

TOWNSLEY ASSOCIATES LIMITED (REGISTERED NUMBER: 09710027)

BALANCE SHEET
31ST MARCH 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 28,479 37,246

CURRENT ASSETS
Debtors 5 5,200 22,331
Cash at bank 71,381 53,089
76,581 75,420
CREDITORS
Amounts falling due within one year 6 12,347 8,947
NET CURRENT ASSETS 64,234 66,473
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,713

103,719

CREDITORS
Amounts falling due after more than one
year

7

(25,314

)

(31,054

)

PROVISIONS FOR LIABILITIES (5,411 ) (7,077 )
NET ASSETS 61,988 65,588

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 61,986 65,586
SHAREHOLDERS' FUNDS 61,988 65,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

TOWNSLEY ASSOCIATES LIMITED (REGISTERED NUMBER: 09710027)

BALANCE SHEET - continued
31ST MARCH 2025


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 Board of Directors and authorised for issue on 22nd May 2025 and were signed on its behalf by:




Mrs K Townsley - Director



I G Townsley - Director


TOWNSLEY ASSOCIATES LIMITED (REGISTERED NUMBER: 09710027)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025


1. STATUTORY INFORMATION

Townsley Associates 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.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

TOWNSLEY ASSOCIATES LIMITED (REGISTERED NUMBER: 09710027)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2024 5,694 43,105 12,100 60,899
Additions - - 1,768 1,768
Disposals - - (529 ) (529 )
At 31st March 2025 5,694 43,105 13,339 62,138
DEPRECIATION
At 1st April 2024 5,694 8,082 9,877 23,653
Charge for year - 8,756 1,426 10,182
Eliminated on disposal - - (176 ) (176 )
At 31st March 2025 5,694 16,838 11,127 33,659
NET BOOK VALUE
At 31st March 2025 - 26,267 2,212 28,479
At 31st March 2024 - 35,023 2,223 37,246

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 5,200 19,289
Other debtors - 3,042
5,200 22,331

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts 5,717 5,693
Taxation and social security 1,056 -
Other creditors 5,574 3,254
12,347 8,947

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts 25,314 31,054

TOWNSLEY ASSOCIATES LIMITED (REGISTERED NUMBER: 09710027)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Hire purchase contracts 31,031 36,747