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Company Registration No. 04481608 (England and Wales)
J. & M. Townsend Ltd. Unaudited accounts for the year ended 31 March 2026
J. & M. Townsend Ltd. Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
J. & M. Townsend Ltd. Company Information for the year ended 31 March 2026
Directors
Mr M Townsend Mrs J Townsend
Secretary
Mrs M Townsend
Company Number
04481608 (England and Wales)
Registered Office
Unit 13, Brooke Park Industrial Estate Norwich Road Brooke Norfolk NR15 1HJ United Kingdom
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J. & M. Townsend Ltd. Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
5
179,917
152,631
Current assets
Inventories
10,750
9,850
Debtors
6
48,565
52,780
Cash at bank and in hand
114,382
91,892
173,697
154,522
Creditors: amounts falling due within one year
7
(175,695)
(135,179)
Net current (liabilities)/assets
(1,998)
19,343
Total assets less current liabilities
177,919
171,974
Provisions for liabilities
Deferred tax
(20,467)
(13,593)
Net assets
157,452
158,381
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
157,352
158,281
Shareholders' funds
157,452
158,381
For the year ending 31 March 2026 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 17 August 2026 and were signed on its behalf by
Mr M Townsend Director Company Registration No. 04481608
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J. & M. Townsend Ltd. Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
J. & M. Townsend Ltd. is a private company, limited by shares, registered in England and Wales, registration number 04481608. The registered office is Unit 13, Brooke Park Industrial Estate, Norwich Road, Brooke, Norfolk, NR15 1HJ, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line on buildings.
Plant & machinery
10% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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J. & M. Townsend Ltd. Notes to the Accounts for the year ended 31 March 2026
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2025
52,000
At 31 March 2026
52,000
Amortisation
At 1 April 2025
52,000
At 31 March 2026
52,000
Net book value
At 31 March 2026
-
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2025
120,522
130,414
4,666
4,099
259,701
Additions
-
44,368
-
1,497
45,865
Disposals
-
(35,115)
-
-
(35,115)
At 31 March 2026
120,522
139,667
4,666
5,596
270,451
Depreciation
At 1 April 2025
22,263
77,431
3,861
3,515
107,070
Charge for the year
211
15,564
80
959
16,814
On disposals
-
(33,350)
-
-
(33,350)
At 31 March 2026
22,474
59,645
3,941
4,474
90,534
Net book value
At 31 March 2026
98,048
80,022
725
1,122
179,917
At 31 March 2025
98,259
52,983
805
584
152,631
6
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
48,565
52,780
- 6 -
J. & M. Townsend Ltd. Notes to the Accounts for the year ended 31 March 2026
7
Creditors: amounts falling due within one year
2026
2025
£
£
VAT
38,538
31,577
Trade creditors
91,755
64,511
Taxes and social security
36,782
33,719
Other creditors
6,895
3,722
Accruals
1,725
1,650
175,695
135,179
8
Share capital
2026
2025
£
£
Allotted, called up and fully paid:
90 Ordinary £1 shares of £1 each
90
90
10 Ordinary £1 A shares of £1 each
10
10
100
100
9
Average number of employees
During the year the average number of employees was 8 (2025: 8).
- 7 -