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REGISTERED NUMBER: 12115898 (England and Wales)


























FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

TOTAL DISC REPAIR LTD

TOTAL DISC REPAIR LTD (REGISTERED NUMBER: 12115898)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TOTAL DISC REPAIR LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: Mr I S Waller



SECRETARY: Mr I S Waller



REGISTERED OFFICE: Fleming Court
Leigh Road
Eastleigh
Hampshire
SO50 9PD



BUSINESS ADDRESS: Unit 1 Christchurch Business Park
Radar Way
Christchurch
Dorset
BH23 4FL



REGISTERED NUMBER: 12115898 (England and Wales)



SENIOR STATUTORY AUDITOR: Ross Garfitt



AUDITORS: Langdowns DFK Limited
Statutory Auditor
Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD

TOTAL DISC REPAIR LTD (REGISTERED NUMBER: 12115898)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 - 47,744
Cash at bank and in hand - 30,029
- 77,773
CREDITORS
Amounts falling due within one year 6 - 56,715
NET CURRENT ASSETS - 21,058
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

21,058

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (1 ) 21,057
SHAREHOLDERS' FUNDS - 21,058

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 12th August 2024 and were signed by:





Mr I S Waller - Director


TOTAL DISC REPAIR LTD (REGISTERED NUMBER: 12115898)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Total Disc Repair 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
In the years up to 31 December 2021, the financial statements had been prepared on a going concern basis under the historical cost convention. The company merged with Total Distribution and Retail Solutions Limited (previously known as Total Disc Repair Limited) on 1 January 2023, Total Disc Repair Limited (previously known as Total Distribution & Retail Solutions Limited) is no longer trading and therefore has prepared the financial statements on a basis other than going concern. Appropriate adjustments to these accounts have been made as a result of this change in basis of preparation.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

TOTAL DISC REPAIR LTD (REGISTERED NUMBER: 12115898)

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


4. EMPLOYEES AND DIRECTORS

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 47,744

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 10,119
Amounts owed to group undertakings - 18,477
Taxation and social security - 28,119
- 56,715

7. CALLED UP SHARE CAPITAL

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

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified and included the following extract:

Emphasis of matter - basis of preparation
We draw attention to Note 3 to the financial statements which explains that the director intends to liquidate the company and therefore does not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in Note 3. Our opinion is not modified in respect of this matter.

Ross Garfitt (Senior Statutory Auditor)
For and on behalf of Langdowns DFK Limited

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.

Plenty Co., Ltd (incorporated in Japan) is regarded by the director as being the company's ultimate parent company. The registered address of Plenty Co., Ltd is 2-25-5, Kamiosaki Kume Building 6f, Shinagawa-ku, 141-0021, Tokyo, Japan and group accounts can be obtained from this address.

On 1 January 2023, Total Disc Repair Limited (previously known as Total Distribution & Retail Solutions Limited) was merged into Total Distribution and Retail Solutions Limited (previously known as Total Disc Repair Limited).