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REGISTERED NUMBER: 04725105 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TOTAL AIRTOOL SERVICES (UK) LIMITED

TOTAL AIRTOOL SERVICES (UK) LIMITED (REGISTERED NUMBER: 04725105)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOTAL AIRTOOL SERVICES (UK) LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: M T Waterfield



REGISTERED OFFICE: Highdown House
11 Highdown Road
Leamington Spa
Warwickshire
CV31 1XT



REGISTERED NUMBER: 04725105 (England and Wales)



BANKERS: National Westminster Bank Plc
24 Broadgate
Coventry
West Midlands
CV1 1ZZ

TOTAL AIRTOOL SERVICES (UK) LIMITED (REGISTERED NUMBER: 04725105)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,397 1,862
Tangible assets 5 39,246 30,533
Investments 6 13 15,000
40,656 47,395

CURRENT ASSETS
Stocks 40,200 35,000
Debtors 7 405,811 454,149
Cash at bank and in hand 608,518 351,178
1,054,529 840,327
CREDITORS
Amounts falling due within one year 8 680,787 641,263
NET CURRENT ASSETS 373,742 199,064
TOTAL ASSETS LESS CURRENT
LIABILITIES

414,398

246,459

CREDITORS
Amounts falling due after more than one year 9 (14,910 ) (24,793 )

PROVISIONS FOR LIABILITIES (8,165 ) (4,751 )
NET ASSETS 391,323 216,915

TOTAL AIRTOOL SERVICES (UK) LIMITED (REGISTERED NUMBER: 04725105)

BALANCE SHEET - continued
31 December 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 12 6 6
Capital redemption reserve 13 6 6
Retained earnings 13 391,311 216,903
SHAREHOLDERS' FUNDS 391,323 216,915

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 14 March 2024 and were signed by:





M T Waterfield - Director


TOTAL AIRTOOL SERVICES (UK) LIMITED (REGISTERED NUMBER: 04725105)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Total Airtool Services (UK) 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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

The financial statements are presented in sterling which is the functional currency of the company and is rounded to the nearest £1.

Preparation of consolidated financial statements
The financial statements contain information about Total Airtool Services (UK) 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.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business.

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.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Integral Features - 25% on reducing balance
Improvements to properties - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


TOTAL AIRTOOL SERVICES (UK) LIMITED (REGISTERED NUMBER: 04725105)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account 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.

Investments
Fixed asset investments are recongnised at cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

TOTAL AIRTOOL SERVICES (UK) LIMITED (REGISTERED NUMBER: 04725105)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 2,800
AMORTISATION
At 1 January 2023 938
Charge for year 465
At 31 December 2023 1,403
NET BOOK VALUE
At 31 December 2023 1,397
At 31 December 2022 1,862

5. TANGIBLE FIXED ASSETS
Improvements
Integral to Plant and
Features properties machinery
£    £    £   
COST
At 1 January 2023 - - 8,487
Additions 1,180 4,207 1,347
Disposals - - -
At 31 December 2023 1,180 4,207 9,834
DEPRECIATION
At 1 January 2023 - - 7,201
Charge for year 98 351 440
Eliminated on disposal - - -
At 31 December 2023 98 351 7,641
NET BOOK VALUE
At 31 December 2023 1,082 3,856 2,193
At 31 December 2022 - - 1,286

TOTAL AIRTOOL SERVICES (UK) LIMITED (REGISTERED NUMBER: 04725105)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 26,442 53,259 15,351 103,539
Additions 838 23,389 583 31,544
Disposals - (34,027 ) - (34,027 )
At 31 December 2023 27,280 42,621 15,934 101,056
DEPRECIATION
At 1 January 2023 21,486 35,118 9,201 73,006
Charge for year 1,314 7,378 1,562 11,143
Eliminated on disposal - (22,339 ) - (22,339 )
At 31 December 2023 22,800 20,157 10,763 61,810
NET BOOK VALUE
At 31 December 2023 4,480 22,464 5,171 39,246
At 31 December 2022 4,956 18,141 6,150 30,533

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023 15,000
Impairments (14,987 )
At 31 December 2023 13
NET BOOK VALUE
At 31 December 2023 13
At 31 December 2022 15,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 386,885 434,782
Other debtors 1,250 1,250
Prepayments 17,676 18,117
405,811 454,149

TOTAL AIRTOOL SERVICES (UK) LIMITED (REGISTERED NUMBER: 04725105)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 415,799 446,332
Amounts owed to group undertakings 87 -
Tax 84,939 54,162
VAT 46,807 31,999
Other creditors 1,995 1,995
Directors' current accounts 11,803 8,795
Accruals and deferred income 109,357 87,980
680,787 641,263

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 14,910 24,793

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 21,886 -
Between one and five years 31,046 -
52,932 -

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
6 Ordinary 1 6 6
1 Ordinary A 1 - -
6 6

TOTAL AIRTOOL SERVICES (UK) LIMITED (REGISTERED NUMBER: 04725105)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

13. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 January 2023 216,903 6 216,909
Profit for the year 249,908 249,908
Dividends (75,500 ) (75,500 )
At 31 December 2023 391,311 6 391,317

14. CONTROLLING INTERESTS

The director and company secretary are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.