Townsend Systems Ltd 15851635 true 2024-07-22 2025-03-31 2025-03-31 The principal activity of the company is Services and products for upholstery and webbing Digita Accounts Production Advanced 6.30.9574.0 true Mr J P C Townsend Mr F B C Townsend 15851635 2024-07-22 2025-03-31 15851635 2025-03-31 15851635 bus:OrdinaryShareClass1 2025-03-31 15851635 bus:OrdinaryShareClass2 2025-03-31 15851635 bus:OrdinaryShareClass3 2025-03-31 15851635 bus:OrdinaryShareClass4 2025-03-31 15851635 core:ShareCapital 2025-03-31 15851635 bus:FRS102 2024-07-22 2025-03-31 15851635 bus:AuditExempt-NoAccountantsReport 2024-07-22 2025-03-31 15851635 bus:FullAccounts 2024-07-22 2025-03-31 15851635 bus:RegisteredOffice 2024-07-22 2025-03-31 15851635 bus:Director1 2024-07-22 2025-03-31 15851635 bus:Director2 2024-07-22 2025-03-31 15851635 bus:OrdinaryShareClass1 2024-07-22 2025-03-31 15851635 bus:OrdinaryShareClass2 2024-07-22 2025-03-31 15851635 bus:OrdinaryShareClass3 2024-07-22 2025-03-31 15851635 bus:OrdinaryShareClass4 2024-07-22 2025-03-31 15851635 bus:EntityHasNeverTraded 2024-07-22 2025-03-31 15851635 bus:PrivateLimitedCompanyLtd 2024-07-22 2025-03-31 15851635 countries:EnglandWales 2024-07-22 2025-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 15851635

Townsend Systems Ltd

Unaudited Filleted Financial Statements

for the Period from 22 July 2024 to 31 March 2025

 

Townsend Systems Ltd

(Registration number: 15851635)
Balance Sheet as at 31 March 2025

Note

2025
£

Current assets

 

Cash at bank and in hand

 

100

Capital and reserves

 

Called up share capital

4

100

Shareholders' funds

 

100

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 August 2025 and signed on its behalf by:
 

.........................................
Mr J P C Townsend
Director

 

Townsend Systems Ltd

Notes to the Unaudited Financial Statements for the Period from 22 July 2024 to 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
320 Garratt Lane
London
SW18 4EJ

These financial statements were authorised for issue by the Board on 12 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Townsend Systems Ltd

Notes to the Unaudited Financial Statements for the Period from 22 July 2024 to 31 March 2025

Financial instruments

Classification
The Company has chosen to adopt sections 11 and 12 of FRS 102 in respect of financial instruments.

 Recognition and measurement
Financial instruments are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.

 Impairment
Financial instruments are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.

3

Cash and cash equivalents

2025
£

Cash on hand

100

 

Townsend Systems Ltd

Notes to the Unaudited Financial Statements for the Period from 22 July 2024 to 31 March 2025

4

Share capital

Allotted, called up and fully paid shares

2025

No.

£

Ordinary A of £1 each

40

40

Ordinary B of £1 each

40

40

Ordinary C of £1 each

10

10

Ordinary D of £1 each

10

10

100

100