REGISTERED NUMBER: 09673750 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Towns & Crawford Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M J Crawford

Ms L K Towns

REGISTERED OFFICE:

48 Main Street

Main Street

Breaston

Derbyshire

DE72 3DX

REGISTERED NUMBER:

09673750 (England and Wales)

ACCOUNTANTS:

Franklins

18 St Christopher's Way

Pride Park

Derby

Derbyshire

DE24 8JY

FIXED ASSETS

Tangible assets

4

24,756

31,433

CURRENT ASSETS

Debtors

5

90,801

78,508

Cash at bank and in hand

68,279

52,684

159,080

131,192

CREDITORS

Amounts falling due within one year

6

83,379

49,780

NET CURRENT ASSETS

75,701

81,412

TOTAL ASSETS LESS CURRENT LIABILITIES

100,457

112,845

CREDITORS

Amounts falling due after more than one year

7

(18,057

)

(46,112

)

PROVISIONS FOR LIABILITIES

(563

)

(699

)

NET ASSETS

81,837

66,034

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

81,835

66,032

SHAREHOLDERS' FUNDS

81,837

66,034

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

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 July 2026 and were signed on its behalf by:

Ms L K Towns - Director

Mrs M J Crawford - Director

1.	STATUTORY INFORMATION

Towns & Crawford Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

11,187

47,038

2,264

60,489

Additions

-

-

337

337

At 31 March 2026

11,187

47,038

2,601

60,826

DEPRECIATION

At 1 April 2025

9,532

18,403

1,121

29,056

Charge for year

414

6,135

465

7,014

At 31 March 2026

9,946

24,538

1,586

36,070

NET BOOK VALUE

At 31 March 2026

1,241

22,500

1,015

24,756

At 31 March 2025

1,655

28,635

1,143

31,433

Fixed assets, included in the above, which are held under finance leases are as follows:

Motor

vehicles

£

COST

At 1 April 2025

and 31 March 2026

47,038

DEPRECIATION

At 1 April 2025

18,403

Charge for year

6,135

At 31 March 2026

24,538

NET BOOK VALUE

At 31 March 2026

22,500

At 31 March 2025

28,635

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

12,755

900

Other debtors

74,920

74,346

Prepayments

3,126

3,262

90,801

78,508

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

5,556

5,556

Finance leases

22,500

5,198

Trade creditors

4,489

3,565

Tax

21,432

17,117

VAT

6,265

2,907

Other creditors

311

13

Directors' current accounts

20,543

13,188

Accrued expenses

2,283

2,236

83,379

49,780

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

18,057

5,556

Bank loans - 2-5 years

-

18,056

Finance leases

-

22,500

18,057

46,112

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

2

2

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

£

Mrs M J Crawford

Balance outstanding at start of year

(5,646

)

(2,672

)

Amounts advanced

5,646

35,013

Amounts repaid

-

(37,987

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(5,646

)

Ms L K Towns

Balance outstanding at start of year

(7,542

)

(3,878

)

Amounts advanced

7,542

34,468

Amounts repaid

-

(38,132

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(7,542

)

10.	RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided to companies with common directors and under common control amounted to £74,920 (2025 £74,346).