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REGISTERED NUMBER: 13166365 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Total Solutions Technology Ltd

Total Solutions Technology Ltd (Registered number: 13166365)






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 Solutions Technology Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J M Foord
H Basra
C Walton
P Jones
R Dolan
R D Storie
S Gibson





REGISTERED OFFICE: Unit 1B Focus Four
Fourth Avenue
Letchworth Garden City
Hertfordshire
SG6 2TU





REGISTERED NUMBER: 13166365 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
Unit 1B
Focus 4
Fourth Avenue
Letchworth
Hertfordshire
SG6 2TU

Total Solutions Technology Ltd (Registered number: 13166365)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,365 58,195

CURRENT ASSETS
Stocks 412,379 536,563
Debtors 5 1,736,883 2,059,304
Cash at bank and in hand 693,828 45,711
2,843,090 2,641,578
CREDITORS
Amounts falling due within one year 6 1,587,359 2,123,810
NET CURRENT ASSETS 1,255,731 517,768
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,331,096

575,963

CREDITORS
Amounts falling due after more than one
year

7

(20,701

)

(28,749

)

PROVISIONS FOR LIABILITIES (18,841 ) -
NET ASSETS 1,291,554 547,214

CAPITAL AND RESERVES
Called up share capital 81 81
Retained earnings 1,291,473 547,133
1,291,554 547,214

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 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.

Total Solutions Technology Ltd (Registered number: 13166365)

Balance Sheet - continued
31 December 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 31 July 2024 and were signed on its behalf by:




H Basra - Director



R D Storie - Director


Total Solutions Technology Ltd (Registered number: 13166365)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Total Solutions Technology Ltd 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.

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.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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.

Total Solutions Technology Ltd (Registered number: 13166365)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 70,513
Additions 31,801
At 31 December 2023 102,314
DEPRECIATION
At 1 January 2023 12,318
Charge for year 14,631
At 31 December 2023 26,949
NET BOOK VALUE
At 31 December 2023 75,365
At 31 December 2022 58,195

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,555,052 1,935,938
Other debtors 181,831 123,366
1,736,883 2,059,304

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 8,047 7,287
Trade creditors 260,817 436,457
Taxation and social security 290,341 116,166
Other creditors 1,028,154 1,563,900
1,587,359 2,123,810

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 20,701 28,749