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REGISTERED NUMBER: 06780845 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 January 2022

for

Total Insulation Services Limited

Total Insulation Services Limited (Registered number: 06780845)






Contents of the Financial Statements
for the Year Ended 31 January 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Total Insulation Services Limited

Company Information
for the Year Ended 31 January 2022







DIRECTORS: M D Grundy
Miss R Colebrook





REGISTERED OFFICE: 110 Oxford Street
Cleethorpes
N E Lincolnshire
DN35 0BL





REGISTERED NUMBER: 06780845 (England and Wales)

Total Insulation Services Limited (Registered number: 06780845)

Balance Sheet
31 January 2022

31.1.22 31.1.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,690 55,596

CURRENT ASSETS
Stocks 5,559 27,849
Debtors 5 535,913 263,222
Cash at bank 976,472 909,029
1,517,944 1,200,100
CREDITORS
Amounts falling due within one year 6 334,622 120,285
NET CURRENT ASSETS 1,183,322 1,079,815
TOTAL ASSETS LESS CURRENT LIABILITIES 1,221,012 1,135,411

PROVISIONS FOR LIABILITIES 7 7,161 10,563
NET ASSETS 1,213,851 1,124,848

CAPITAL AND RESERVES
Called up share capital 8 5 5
Retained earnings 1,213,846 1,124,843
SHAREHOLDERS' FUNDS 1,213,851 1,124,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2022 and were signed on its behalf by:





M D Grundy - Director


Total Insulation Services Limited (Registered number: 06780845)

Notes to the Financial Statements
for the Year Ended 31 January 2022

1. STATUTORY INFORMATION

Total Insulation Services 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.

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.
Plant and machinery - 25% on cost
Computer equipment - Straight line over 3 years

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

Total Insulation Services Limited (Registered number: 06780845)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 February 2021 130,085 13,403 143,488
Additions 1,706 4,217 5,923
At 31 January 2022 131,791 17,620 149,411
DEPRECIATION
At 1 February 2021 76,713 11,179 87,892
Charge for year 22,007 1,822 23,829
At 31 January 2022 98,720 13,001 111,721
NET BOOK VALUE
At 31 January 2022 33,071 4,619 37,690
At 31 January 2021 53,372 2,224 55,596

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Trade debtors 518,132 258,277
Other debtors 17,781 4,945
535,913 263,222

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Trade creditors 256,527 58,569
Taxation and social security 74,321 46,791
Other creditors 3,774 14,925
334,622 120,285

7. PROVISIONS FOR LIABILITIES
31.1.22 31.1.21
£    £   
Deferred tax 7,161 10,563

Deferred
tax
£   
Balance at 1 February 2021 10,563
Credit to Income Statement during year (3,402 )
Balance at 31 January 2022 7,161

Total Insulation Services Limited (Registered number: 06780845)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.22 31.1.21
value: £    £   
2 Ordinary £1 2 2
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
5 5

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.

10. GOVERNMENT GRANTS

During the period, the company received the following grants in relation to the covid 19 pandemic:

HMRC JRS Furlough Scheme Grant £1,323

All of the grants are unconditional and have been accounted for on an accruals basis.