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REGISTERED NUMBER: 06403788 (England and Wales)






Total Financial Services Limited

Financial Statements

for the Year Ended 31 December 2023






Total Financial Services Limited (Registered number: 06403788)

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 Financial Services Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: N Broumley





SECRETARY: H R Stacey





REGISTERED OFFICE: Unit 5 Westgate Court
Silkwood Park
Ossett
West Yorkshire
WF5 9TT





REGISTERED NUMBER: 06403788 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

Total Financial Services Limited (Registered number: 06403788)

Balance Sheet
31 December 2023

2023 2022
Notes £ £
CURRENT ASSETS
Debtors 5 267,882 1,300,762
Cash at bank 22,612 21,366
290,494 1,322,128
CREDITORS
Amounts falling due within one year 6 166,862 185,834
NET CURRENT ASSETS 123,632 1,136,294
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,632

1,136,294

CREDITORS
Amounts falling due after more than one
year

7

23,536

33,224
NET ASSETS 100,096 1,103,070

Total Financial Services Limited (Registered number: 06403788)

Balance Sheet - continued
31 December 2023

2023 2022
Notes £ £

CAPITAL AND RESERVES
Called up share capital 1,412 1,412
Retained earnings 8 98,684 1,101,658
100,096 1,103,070

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 29 July 2024 and were signed by:





N Broumley - Director


Total Financial Services Limited (Registered number: 06403788)

Notes to the Financial Statements
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Total Financial Services 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.

The company's functional and presentation currency is the pound sterling £. All financial information presented has been rounded to the nearest £, unless otherwise stated.

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 represents commissions receivable which are exempt from value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

Total Financial Services Limited (Registered number: 06403788)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 January 2023 12,218 2,534 14,752
Disposals (12,218 ) (2,534 ) (14,752 )
At 31 December 2023 - - -
DEPRECIATION
At 1 January 2023 12,218 2,534 14,752
Eliminated on disposal (12,218 ) (2,534 ) (14,752 )
At 31 December 2023 - - -
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed by group undertakings 264,882 1,297,962
Prepayments and accrued income 3,000 2,800
267,882 1,300,762

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 9,648 9,648
Tax 153,114 168,848
Accruals and deferred income 4,100 7,338
166,862 185,834

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans - > 1 year 23,536 33,224

Total Financial Services Limited (Registered number: 06403788)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


8. RESERVES
Retained
earnings
£

At 1 January 2023 1,101,658
Profit for the year 247,026
Dividends (1,250,000 )
At 31 December 2023 98,684