Registration number:
Report of the Director and
for the
Year Ended 31 July 2022
for
Totum Solutions Limited
Totum Solutions Limited
Contents of the Financial Statements
for the Year Ended 31 July 2022
Company Information |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Totum Solutions Limited
Company Information
for the Year Ended 31 July 2022
Director: |
S E M Longman |
Registered office: |
|
Registered number: |
07331941 |
Accountants: |
|
Totum Solutions Limited
(Registration number: 07331941)
Balance Sheet as at 31 July 2022
Note |
31.07.22 |
31.07.21 |
|||
£ |
£ |
£ |
£ |
||
FIXED ASSETS |
|||||
Tangible assets |
|
|
|||
CURRENT ASSETS |
|||||
Debtors |
|
|
|||
Cash at bank and in hand |
|
|
|||
|
|
||||
CREDITORS |
|||||
Creditors within 1yr |
106,444 |
79,505 |
|||
Net current assets |
|
|
|||
Total assets less current liabilities |
|
|
|||
Creditors
|
|
|
|||
Net assets |
|
|
|||
CAPITAL AND RESERVES |
|||||
Called up share capital |
100 |
100 |
|||
Profit and loss account |
453 |
180 |
|||
Shareholders' funds |
553 |
280 |
For the financial year ending 31 July 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Director's responsibilities:
• |
|
• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
......................................... |
Totum Solutions Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2022
1. |
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
2. |
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentational currency is Pound Sterling (£).
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Government grants
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
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Totum Solutions Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2022 (continued)
2 |
Accounting policies (continued) |
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Motor vehicles |
Over five years |
Computer equipment |
Straight line over 3 years |
Hire purchase and leasing commitments
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
3. |
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Totum Solutions Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2022 (continued)
4. |
Tangible assets |
Office equipment |
Motor vehicles |
Total |
|
Cost or valuation |
|||
At 1 August 2021 |
|
|
|
At 31 July 2022 |
|
|
|
Depreciation |
|||
At 1 August 2021 |
|
|
|
Charge for the year |
|
|
|
At 31 July 2022 |
|
|
|
Carrying amount |
|||
At 31 July 2022 |
|
|
|
At 31 July 2021 |
|
|
|
5. |
Debtors |
Current |
31.07.22 |
31.07.21 |
Trade debtors |
|
|
Prepayments |
- |
|
Other debtors |
|
|
|
|
DIRECTORS' REMUNERATION
The director's remuneration for the year was as follows:
31.07.22 |
31.07.22 |
||
£ |
£ |
||
Remuneration |
8,893 |
8,788 |
Totum Solutions Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2022 (continued)
6. |
Creditors |
Creditors: amounts falling due within one year
Note |
31.07.22 |
31.07.21 |
|
Due within one year |
|||
Loans and borrowings |
|
|
|
Trade creditors |
|
|
|
Taxation and social security |
|
|
|
Accruals and deferred income |
|
|
|
Other creditors |
|
|
|
|
|
Creditors: amounts falling due after more than one year
Note |
31.07.22 |
31.07.21 |
|
Due after one year |
|||
Loans and borrowings |
|
|
7. |
Loans and borrowings |
31.07.22 |
31.07.21 |
|
Non-current loans and borrowings |
||
Bank borrowings |
|
|
31.07.22 |
31.07.21 |
|
Current loans and borrowings |
||
Bank borrowings |
|
|