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REGISTERED NUMBER: 12145970 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Townshend Medical Limited

Townshend Medical Limited (Registered number: 12145970)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Townshend Medical Limited

Company Information
for the year ended 31 August 2024







DIRECTORS: J K Townshend
D N Townshend





REGISTERED OFFICE: 34 King Edward Road
Tynemouth
North Shields
United Kingdom
NE30 2RP





REGISTERED NUMBER: 12145970 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Townshend Medical Limited (Registered number: 12145970)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 857 849

CURRENT ASSETS
Debtors 5 - 7,820
Cash at bank 78,686 61,720
78,686 69,540
CREDITORS
Amounts falling due within one year 6 36,376 28,576
NET CURRENT ASSETS 42,310 40,964
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,167

41,813

PROVISIONS FOR LIABILITIES 163 171
NET ASSETS 43,004 41,642

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 42,904 41,542
43,004 41,642

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

Townshend Medical Limited (Registered number: 12145970)

Statement of Financial Position - continued
31 August 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:





J K Townshend - Director


Townshend Medical Limited (Registered number: 12145970)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Townshend Medical 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.

The financial statements have been prepared on the going concern basis, which assume that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

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 - 25% Straight line
Computer equipment - 33% Straight line

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

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.

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 (2023 - 2 ) .

Townshend Medical Limited (Registered number: 12145970)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 - 1,067 1,067
Additions 400 - 400
At 31 August 2024 400 1,067 1,467
DEPRECIATION
At 1 September 2023 - 218 218
Charge for year 40 352 392
At 31 August 2024 40 570 610
NET BOOK VALUE
At 31 August 2024 360 497 857
At 31 August 2023 - 849 849

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 7,820

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1 -
Taxation and social security 8,408 27,136
Other creditors 27,967 1,440
36,376 28,576

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
D N Townshend
Balance outstanding at start of year 7,820 (1,010 )
Amounts advanced 34,563 77,830
Amounts repaid (68,838 ) (69,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (26,455 ) 7,820