IRIS Accounts Production v23.3.0.418 02110294 Board of Directors 1.4.22 31.3.23 31.3.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh021102942022-03-31021102942023-03-31021102942022-04-012023-03-31021102942021-03-31021102942021-04-012022-03-31021102942022-03-3102110294ns10:Originalns15:EnglandWales2022-04-012023-03-3102110294ns14:PoundSterlingns10:Original2022-04-012023-03-3102110294ns10:Originalns10:Director12022-04-012023-03-3102110294ns10:Original2022-04-012023-03-3102110294ns10:Original2023-03-3102110294ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3102110294ns10:Originalns10:SmallEntities2022-04-012023-03-3102110294ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3102110294ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3102110294ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3102110294ns10:Originalns10:FullAccounts2022-04-012023-03-3102110294ns10:Original2021-04-012022-03-3102110294ns10:Originalns10:Director22022-04-012023-03-3102110294ns10:Originalns10:RegisteredOffice2022-04-012023-03-3102110294ns10:Original2022-03-3102110294ns10:Originalns5:CurrentFinancialInstruments2023-03-3102110294ns10:Originalns5:CurrentFinancialInstruments2022-03-3102110294ns5:ShareCapitalns10:Original2023-03-3102110294ns5:ShareCapitalns10:Original2022-03-3102110294ns10:Originalns5:RevaluationReserve2023-03-3102110294ns10:Originalns5:RevaluationReserve2022-03-3102110294ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3102110294ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3102110294ns10:Originalns5:PlantMachinery2022-04-012023-03-3102110294ns10:Originalns5:ComputerEquipment2022-04-012023-03-3102110294ns10:Originalns5:LeaseholdImprovements2022-03-3102110294ns10:Originalns5:PlantMachinery2022-03-3102110294ns10:Originalns5:MotorVehicles2022-03-3102110294ns10:Originalns5:ComputerEquipment2022-03-3102110294ns10:Original2022-03-3102110294ns10:Originalns5:LeaseholdImprovements2022-04-012023-03-3102110294ns10:Originalns5:MotorVehicles2022-04-012023-03-3102110294ns10:Originalns5:LeaseholdImprovements2023-03-3102110294ns10:Originalns5:PlantMachinery2023-03-3102110294ns10:Originalns5:MotorVehicles2023-03-3102110294ns10:Originalns5:ComputerEquipment2023-03-3102110294ns10:Originalns5:LeaseholdImprovements2022-03-3102110294ns10:Originalns5:PlantMachinery2022-03-3102110294ns10:Originalns5:MotorVehicles2022-03-3102110294ns10:Originalns5:ComputerEquipment2022-03-3102110294ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3102110294ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3102110294ns10:Originalns5:RevaluationReserve2022-03-31
REGISTERED NUMBER: 02110294 (England and Wales)















TOTALCENTRAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






TOTALCENTRAL LIMITED (REGISTERED NUMBER: 02110294)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOTALCENTRAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr P Heath
Mrs D Heath





REGISTERED OFFICE: 424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ





REGISTERED NUMBER: 02110294 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

TOTALCENTRAL LIMITED (REGISTERED NUMBER: 02110294)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 28,347 28,553
Investment property 5 650,000 600,000
678,347 628,553

CURRENT ASSETS
Debtors 6 8,346 7,465
Cash at bank 636 636
8,982 8,101
CREDITORS
Amounts falling due within one year 7 (102,669 ) (103,519 )
NET CURRENT LIABILITIES (93,687 ) (95,418 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

584,660

533,135

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 8 461,963 461,963
Retained earnings 121,697 70,172
SHAREHOLDERS' FUNDS 584,660 533,135

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

TOTALCENTRAL LIMITED (REGISTERED NUMBER: 02110294)

BALANCE SHEET - continued
31 MARCH 2023


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 30 November 2023 and were signed on its behalf by:





Mr P Heath - Director


TOTALCENTRAL LIMITED (REGISTERED NUMBER: 02110294)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Totalcentral 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 as modified by the revaluation of certain assets.

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 reducing balance
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

TOTALCENTRAL LIMITED (REGISTERED NUMBER: 02110294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022
and 31 March 2023 27,765 61,163 3,500 1,155 93,583
DEPRECIATION
At 1 April 2022 - 60,426 3,500 1,104 65,030
Charge for year - 184 - 22 206
At 31 March 2023 - 60,610 3,500 1,126 65,236
NET BOOK VALUE
At 31 March 2023 27,765 553 - 29 28,347
At 31 March 2022 27,765 737 - 51 28,553

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 600,000
Revaluations 50,000
At 31 March 2023 650,000
NET BOOK VALUE
At 31 March 2023 650,000
At 31 March 2022 600,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2012 400,000
Valuation in 2016 200,000
Valuation in 2023 50,000
650,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 207,500 207,500

The investment properties were valued on an open market basis on 31 March 2017 by the directors of the company. .

TOTALCENTRAL LIMITED (REGISTERED NUMBER: 02110294)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Sundry debtors 8,346 4,260
VAT - 3,205
8,346 7,465

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,002 8,090
Directors' current accounts 97,667 94,429
Accrued expenses 1,000 1,000
102,669 103,519

8. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 461,963