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REGISTERED NUMBER: 04151371 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023


FOR



TOTAL SOLUTIONS HOLDINGS LIMITED


TOTAL SOLUTIONS HOLDINGS LIMITED (REGISTERED NUMBER: 04151371)



CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023











Page




Company Information  

1




Statement of Directors' Responsibilities  

2




Independent Chartered Certified Accountants'

Assurance Report  

3




Abridged Balance Sheet  

5




Notes to the Financial Statements  

7





TOTAL SOLUTIONS HOLDINGS LIMITED



COMPANY INFORMATION

FOR THE YEAR ENDED 30TH JUNE 2023









DIRECTORS:

Mr C P N Cronin


Mrs K L Cronin





REGISTERED OFFICE:

Units 3-6 Kingston Industrial Estate


81-86 Glover Street


BIRMINGHAM


West Midlands


B9 4EN





REGISTERED NUMBER:

04151371 (England and Wales)





ACCOUNTANTS:

Michael Heaven & Associates Limited


Chartered Certified Accountants


47 Calthorpe Road


Edgbaston


BIRMINGHAM


B15 1TH





INCORPORATED:

31st January 2001


TOTAL SOLUTIONS HOLDINGS LIMITED (REGISTERED NUMBER: 04151371)



STATEMENT OF DIRECTORS' RESPONSIBILITIES

FOR THE YEAR ENDED 30TH JUNE 2023



The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.    


The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.


Company law requires the directors to prepare financial statements for each financial year.  Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.  In preparing these financial statements, the directors are required to:


-

select suitable accounting policies and then apply them consistently;

-

make judgements and accounting estimates that are reasonable and prudent;

-

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.


The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.



ON BEHALF OF THE BOARD:






Mr C P N Cronin - Director


5th March 2024


INDEPENDENT CHARTERED CERTIFIED ACCOUNTANTS' ASSURANCE REPORT TO THE

DIRECTORS OF TOTAL SOLUTIONS HOLDINGS LIMITED



The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.    


We have reviewed the financial statements of Total Solutions Holdings Limited for the year ended 30th June 2023, which comprise the Abridged Income Statement, Abridged Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).    


Directors' responsibility for the financial statements

As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view.


Accountants' responsibility

Our responsibility is to express a conclusion based on our review of the financial statements. We conducted our review in accordance with International Standard on Review Engagements (ISRE) 2400 (Revised), 'Engagements to review historical financial statements' and section 290 of the ACCA Members Handbook.  ISRE 2400 (Revised) requires us to conclude whether anything has come to our attention that causes us to believe that the financial statements, taken as a whole, are not prepared in all material respects in accordance with the applicable financial reporting framework. This Standard also requires us to comply with relevant ethical requirements.


Scope of the assurance review

A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance engagement. We have performed additional procedures, primarily consisting of making enquiries of management and others within the entity, as appropriate, applying analytical procedures and evaluating the evidence obtained. The procedures performed in a review are substantially less than those performed in an audit conducted in accordance with International Standards on Auditing (UK). Accordingly, we do not express an audit opinion on these financial statements.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the financial statements have not been prepared:


-

so as to give a true and fair view of the state of the company's affairs as at 30th June 2023 and of its profit for the year then ended;

-

in accordance with  United Kingdom Generally Accepted Accounting Practice; and

-

in accordance with the requirements of the Companies Act 2006.


INDEPENDENT CHARTERED CERTIFIED ACCOUNTANTS' ASSURANCE REPORT TO THE

DIRECTORS OF TOTAL SOLUTIONS HOLDINGS LIMITED




Use of our report

This report is made solely to the company's directors, as a body, in accordance with our terms of engagement. Our review has been undertaken so that we might state to the directors those matters that we have agreed with them in a reviewer's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's directors as a body for our work, for this report, or for the conclusions we have formed.    





Michael Heaven & Associates Limited

Chartered Certified Accountants

47 Calthorpe Road

Edgbaston

BIRMINGHAM

B15 1TH



5th March 2024


TOTAL SOLUTIONS HOLDINGS LIMITED (REGISTERED NUMBER: 04151371)



ABRIDGED BALANCE SHEET

30TH JUNE 2023



2023

2022



Notes

£   

£   

£   

£   


FIXED ASSETS

Intangible assets

4

825


1,042



Tangible assets

5

174,154


140,515



Investments

6

1,375


1,375



176,354


142,932




CURRENT ASSETS

Debtors

4,314


1,436




CREDITORS

Amounts falling due within one year

116,887


71,389



NET CURRENT LIABILITIES

(112,573

)

(69,953

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

63,781


72,979




PROVISIONS FOR LIABILITIES

7

42,864


34,306



NET ASSETS

20,917


38,673




CAPITAL AND RESERVES

Called up share capital

8

1,000


1,000



Retained earnings

19,917


37,673



SHAREHOLDERS' FUNDS

20,917


38,673




TOTAL SOLUTIONS HOLDINGS LIMITED (REGISTERED NUMBER: 04151371)



ABRIDGED BALANCE SHEET - continued

30TH JUNE 2023



The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.  


The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.  


All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th June 2023 in accordance with Section 444(2A) of the Companies Act 2006.  


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 5th March 2024  and were signed on its behalf by:






Mr C P N Cronin - Director



TOTAL SOLUTIONS HOLDINGS LIMITED (REGISTERED NUMBER: 04151371)



NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023



1.

STATUTORY INFORMATION



Total Solutions Holdings 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.    



Preparation of consolidated financial statements

The financial statements contain information about Total Solutions Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.


Related party exemption


The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.



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

Amortisation of intangible fixed assets is provided at the following annual rates in order to write off each asset over its estimated useful life:

Trademark - 10% straight line


Tangible fixed assets

Depreciation of fixed assets is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and Machinery - 10 - 50% straight line
Fixtures and fittings - 10 - 50% straight line


Investments in subsidiaries


Investments in subsidiary undertakings are recognised at cost.


TOTAL SOLUTIONS HOLDINGS LIMITED (REGISTERED NUMBER: 04151371)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH JUNE 2023



2.

ACCOUNTING POLICIES - continued



Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and loans from related parties.


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.


Debtors


Short term debtors are measured at transaction price, less any impairment.



Creditors


Short term trade creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 2 (2022 - 2 ) .


TOTAL SOLUTIONS HOLDINGS LIMITED (REGISTERED NUMBER: 04151371)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH JUNE 2023



4.

INTANGIBLE FIXED ASSETS


Totals

£   



COST


At 1st July 2022


and 30th June 2023

2,176




AMORTISATION


At 1st July 2022

1,134




Amortisation for year

217




At 30th June 2023

1,351




NET BOOK VALUE



At 30th June 2023

825




At 30th June 2022

1,042




5.

TANGIBLE FIXED ASSETS


Totals

£   



COST


At 1st July 2022

431,443




Additions

72,066




Disposals

(11,552

)



At 30th June 2023

491,957




DEPRECIATION


At 1st July 2022

290,928




Charge for year

38,427




Eliminated on disposal

(11,552

)



At 30th June 2023

317,803




NET BOOK VALUE


At 30th June 2023

174,154




At 30th June 2022

140,515




TOTAL SOLUTIONS HOLDINGS LIMITED (REGISTERED NUMBER: 04151371)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH JUNE 2023



6.

FIXED ASSET INVESTMENTS



Information on investments other than loans is as follows:


Totals

£   



COST


At 1st July 2022


and 30th June 2023

1,375




NET BOOK VALUE


At 30th June 2023

1,375




At 30th June 2022

1,375




7.

PROVISIONS FOR LIABILITIES

2023

2022


£   

£   



Deferred tax

42,864


34,306





Deferred



tax


£   



Balance at 1st July 2022

34,306




Movement

8,558




Balance at 30th June 2023

42,864




Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated.

Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

8.

CALLED UP SHARE CAPITAL



Allotted and issued:


Number:

Class:

Nominal

2023

2022



value:

£   

£   



1,000

Share capital

£1

1,000


1,000