Company Registration No. 10446009 (England and Wales)
AAA Townsend Limited
Unaudited accounts
for the year ended 31 October 2021
AAA Townsend Limited
Unaudited accounts
Contents
AAA Townsend Limited
Company Information
for the year ended 31 October 2021
Company Number
10446009 (England and Wales)
Registered Office
17 GAINSBORO GARDENS
GREENFORD
UB6 0JG
ENGLAND
Accountants
Utopians Accountants
49 Highview
Pinner
Middlesex
HA5 3PE
AAA Townsend Limited
Statement of financial position
as at
31 October 2021
Intangible assets
120
120
Tangible assets
16,677
18,900
Cash at bank and in hand
136,626
66,380
Creditors: amounts falling due within one year
(51,257)
(16,727)
Net current assets
116,907
52,882
Total assets less current liabilities
133,704
71,902
Creditors: amounts falling due after more than one year
(22,079)
(24,512)
Net assets
111,625
47,390
Called up share capital
100
100
Profit and loss account
111,525
47,290
Shareholders' funds
111,625
47,390
For the year ending 31 October 2021 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 director acknowledges his 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 and authorised for issue on 30 May 2022 and were signed on its behalf by
Agim Krasniqi
Director
Company Registration No. 10446009
AAA Townsend Limited
Notes to the Accounts
for the year ended 31 October 2021
AAA Townsend Limited is a private company, limited by shares, registered in England and Wales, registration number 10446009. The registered office is 17 GAINSBORO GARDENS, GREENFORD, UB6 0JG, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Plant & machinery
10% on reducing balance
Motor vehicles
20% on reducing balance
Computer equipment
20% on reducing balance
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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.
AAA Townsend Limited
Notes to the Accounts
for the year ended 31 October 2021
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2020
3,985
23,000
1,947
28,932
Additions
1,322
-
-
1,322
At 31 October 2021
5,307
23,000
1,947
30,254
At 1 November 2020
1,642
7,600
790
10,032
Charge for the year
234
3,080
231
3,545
At 31 October 2021
1,876
10,680
1,021
13,577
At 31 October 2021
3,431
12,320
926
16,677
At 31 October 2020
2,343
15,400
1,157
18,900
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
2,400
1,624
Accrued income and prepayments
296
139
Debtors: amounts falling due after more than one year
AAA Townsend Limited
Notes to the Accounts
for the year ended 31 October 2021
7
Creditors: amounts falling due within one year
2021
2020
Trade creditors
3,618
2,957
Taxes and social security
15,000
7,000
Proposed dividends
30,000
-
Other creditors
1,046
1,803
8
Creditors: amounts falling due after more than one year
2021
2020
Loans from directors
-
2,012
9
Average number of employees
During the year the average number of employees was 2 (2020: 2).