Totum Solutions Limited 07331941 false 2021-08-01 2022-07-31 2022-07-31 The principal activity of the company is providing printing services. Digita Accounts Production Advanced 6.30.9574.0 true 07331941 2021-08-01 2022-07-31 07331941 2022-07-31 07331941 core:CurrentFinancialInstruments 2022-07-31 07331941 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 07331941 core:Non-currentFinancialInstruments 2022-07-31 07331941 core:Non-currentFinancialInstruments core:AfterOneYear 2022-07-31 07331941 core:MotorVehicles 2022-07-31 07331941 core:OfficeEquipment 2022-07-31 07331941 bus:SmallEntities 2021-08-01 2022-07-31 07331941 bus:AuditExemptWithAccountantsReport 2021-08-01 2022-07-31 07331941 bus:FullAccounts 2021-08-01 2022-07-31 07331941 bus:SmallCompaniesRegimeForAccounts 2021-08-01 2022-07-31 07331941 bus:RegisteredOffice 2021-08-01 2022-07-31 07331941 bus:Director1 2021-08-01 2022-07-31 07331941 bus:PrivateLimitedCompanyLtd 2021-08-01 2022-07-31 07331941 core:ComputerEquipment 2021-08-01 2022-07-31 07331941 core:MotorVehicles 2021-08-01 2022-07-31 07331941 core:OfficeEquipment 2021-08-01 2022-07-31 07331941 countries:EnglandWales 2021-08-01 2022-07-31 07331941 2021-07-31 07331941 core:MotorVehicles 2021-07-31 07331941 core:OfficeEquipment 2021-07-31 07331941 2020-08-01 2021-07-31 07331941 2021-07-31 07331941 core:CurrentFinancialInstruments 2021-07-31 07331941 core:CurrentFinancialInstruments core:WithinOneYear 2021-07-31 07331941 core:Non-currentFinancialInstruments 2021-07-31 07331941 core:Non-currentFinancialInstruments core:AfterOneYear 2021-07-31 07331941 core:MotorVehicles 2021-07-31 07331941 core:OfficeEquipment 2021-07-31 iso4217:GBP xbrli:pure

Registration number: 07331941

Report of the Director and


Annual Report and Unaudited Financial Statements

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

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Totum Solutions Limited

Company Information
for the Year Ended 31 July 2022

Director:

S E M Longman

Registered office:

Savoy House
Savoy Circus
London
W3 7DA

Registered number:

07331941

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

Totum Solutions Limited

(Registration number: 07331941)
Balance Sheet as at 31 July 2022

Note

31.07.22

31.07.21

   

£

£

£

£

FIXED ASSETS

   

 

Tangible assets

4

 

11,010

 

13,961

CURRENT ASSETS

   

 

Debtors

5

83,989

 

52,797

 

Cash at bank and in hand

 

41,831

 

52,896

 

 

125,820

 

105,693

 

CREDITORS

   

 

Creditors within 1yr

6

106,444

 

79,505

 

Net current assets

   

19,376

 

26,188

Total assets less current liabilities

   

30,386

 

40,149

Creditors
Amounts falling due after more than one year

6

 

29,833

 

39,869

Net assets

   

553

 

280

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 director on 16 October 2023
 

.........................................
S E M Longman
Director

 

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:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the director on 16 October 2023.

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 2 (2021 - 2).

 

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

9,916

24,150

34,066

At 31 July 2022

9,916

24,150

34,066

Depreciation

At 1 August 2021

9,633

10,472

20,105

Charge for the year

121

2,830

2,951

At 31 July 2022

9,754

13,302

23,056

Carrying amount

At 31 July 2022

162

10,848

11,010

At 31 July 2021

283

13,678

13,961

5.

Debtors

Current

31.07.22
£

31.07.21
£

Trade debtors

36,277

39,860

Prepayments

-

513

Other debtors

47,712

12,424

 

83,989

52,797

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

7

20,453

9,788

Trade creditors

 

40,573

23,628

Taxation and social security

 

40,715

43,272

Accruals and deferred income

 

3,590

1,890

Other creditors

 

1,113

927

 

106,444

79,505

Creditors: amounts falling due after more than one year

Note

31.07.22
£

31.07.21
£

Due after one year

 

Loans and borrowings

7

29,833

39,869

7.

Loans and borrowings

31.07.22
£

31.07.21
£

Non-current loans and borrowings

Bank borrowings

29,833

39,869

31.07.22
£

31.07.21
£

Current loans and borrowings

Bank borrowings

20,453

9,788