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REGISTERED NUMBER: 03044023










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

TOTAL BACK OFFICE SOLUTIONS LIMITED

TOTAL BACK OFFICE SOLUTIONS LIMITED (REGISTERED NUMBER: 03044023)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TOTAL BACK OFFICE SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: D A Cole
S Roberts
O Quantrill





REGISTERED OFFICE: 1 Waterside
Station Road
Harpenden
Hertfordshire
AL5 4US





REGISTERED NUMBER: 03044023






TOTAL BACK OFFICE SOLUTIONS LIMITED (REGISTERED NUMBER: 03044023)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 29,823 43,944
Investments 6 240,000 240,000
269,823 283,944

CURRENT ASSETS
Debtors 7 470,794 293,205
Cash at bank and in hand 347,051 301,378
817,845 594,583
CREDITORS
Amounts falling due within one year 8 277,097 276,749
NET CURRENT ASSETS 540,748 317,834
TOTAL ASSETS LESS CURRENT
LIABILITIES

810,571

601,778

PROVISIONS FOR LIABILITIES 5,667 7,148
NET ASSETS 804,904 594,630

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 804,804 594,530
SHAREHOLDERS' FUNDS 804,904 594,630

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 2021 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 9 September 2022 and were signed on its behalf by:





D A Cole - Director


TOTAL BACK OFFICE SOLUTIONS LIMITED (REGISTERED NUMBER: 03044023)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Total Back Office Solutions Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - Straight line over 3 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Goodwill
The goodwill is accounted for in accordance with the Financial Reporting Standard for Smaller Entities.Amortisation is provided in respect of goodwill over its estimated useful life of 10 years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2020 - 30 ) .

TOTAL BACK OFFICE SOLUTIONS LIMITED (REGISTERED NUMBER: 03044023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2021
and 31 December 2021 220,000
AMORTISATION
At 1 January 2021
and 31 December 2021 220,000
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2021 32,880 1,712 158,317 192,909
Additions 5,348 - 9,853 15,201
At 31 December 2021 38,228 1,712 168,170 208,110
DEPRECIATION
At 1 January 2021 13,558 1,712 133,695 148,965
Charge for year 11,500 - 17,822 29,322
At 31 December 2021 25,058 1,712 151,517 178,287
NET BOOK VALUE
At 31 December 2021 13,170 - 16,653 29,823
At 31 December 2020 19,322 - 24,622 43,944

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2021
and 31 December 2021 240,000
NET BOOK VALUE
At 31 December 2021 240,000
At 31 December 2020 240,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 144,569 106,181
Other debtors 326,225 187,024
470,794 293,205

TOTAL BACK OFFICE SOLUTIONS LIMITED (REGISTERED NUMBER: 03044023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 76,279 60,644
Taxation and social security 142,130 200,415
Other creditors 58,688 15,690
277,097 276,749

9. RELATED PARTY DISCLOSURES

Within other debtors is an amount of £40,214 (2020- £35,000) owed by Clayton Cole Ltd a company owned and directed by Mr D A Cole.

Included within other debtors is an amount of £95,644 (2020: £53,053) owed by the director, Mr D A Cole. This amount was repaid within 9 months of year end.

Included within other debtors is an amount of £63,454 (2020 £52,571) owed by the director, Mr S Roberts. This amount was repaid within 9 months of year end.

10. ULTIMATE CONTROLLING PARTY



Mr D Cole, a director, together with members of his close family, control the company by virtue of a controlling interest of 80% of the issued ordinary share capital.