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REGISTERED NUMBER: 05403319 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

TOTAL ENTERPRISE SOLUTIONS LIMITED

TOTAL ENTERPRISE SOLUTIONS LIMITED (REGISTERED NUMBER: 05403319)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOTAL ENTERPRISE SOLUTIONS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr S C Clarke
Mr P R Faulkner
Mr R G Parkin





SECRETARY: Mr R G Parkin





REGISTERED OFFICE: Grosvenor Court
Wheelhouse Road
Lea Hall Enterprise Park
Rugeley
Staffordshire
WS15 1LH





REGISTERED NUMBER: 05403319 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

TOTAL ENTERPRISE SOLUTIONS LIMITED (REGISTERED NUMBER: 05403319)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 512,643 500,444
Investments 5 1,097 1,097
513,740 501,541

CURRENT ASSETS
Debtors 6 893,295 727,075
Cash at bank and in hand 1,603,277 1,354,076
2,496,572 2,081,151
CREDITORS
Amounts falling due within one year 7 1,679,236 1,242,131
NET CURRENT ASSETS 817,336 839,020
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,331,076

1,340,561

CREDITORS
Amounts falling due after more than one year 8 (139,182 ) (169,636 )

PROVISIONS FOR LIABILITIES 10 (19,025 ) (15,954 )
NET ASSETS 1,172,869 1,154,971

CAPITAL AND RESERVES
Called up share capital 825 825
Share premium 57 57
Capital redemption reserve 175 175
Retained earnings 1,171,812 1,153,914
SHAREHOLDERS' FUNDS 1,172,869 1,154,971

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 ENTERPRISE SOLUTIONS LIMITED (REGISTERED NUMBER: 05403319)

Balance Sheet - continued
31 March 2024


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 9 October 2024 and were signed on its behalf by:





Mr R G Parkin - Director


TOTAL ENTERPRISE SOLUTIONS LIMITED (REGISTERED NUMBER: 05403319)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Total Enterprise Solutions 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 presentation currency of the financial statements is the Pound Sterling (£).


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.
Freehold property - 2 - 10% on cost
Plant and machinery - 15 - 25% on cost
Fixtures and fittings - 15 - 25% on cost
Computer equipment - 25 - 30% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

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 ENTERPRISE SOLUTIONS LIMITED (REGISTERED NUMBER: 05403319)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Foreign currency transactions and balances
Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rate prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when fair value re-measured.Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2023 - 46 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 498,351 24,795 178,107 - 701,253
Additions - 1,854 44,296 10,819 56,969
At 31 March 2024 498,351 26,649 222,403 10,819 758,222
DEPRECIATION
At 1 April 2023 34,159 14,190 152,460 - 200,809
Charge for year 9,975 5,603 29,054 138 44,770
At 31 March 2024 44,134 19,793 181,514 138 245,579
NET BOOK VALUE
At 31 March 2024 454,217 6,856 40,889 10,681 512,643
At 31 March 2023 464,192 10,605 25,647 - 500,444

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 1,097
NET BOOK VALUE
At 31 March 2024 1,097
At 31 March 2023 1,097

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 549,317 546,750
Other debtors 343,978 180,325
893,295 727,075

TOTAL ENTERPRISE SOLUTIONS LIMITED (REGISTERED NUMBER: 05403319)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 30,232 28,778
Trade creditors 215,505 179,554
Tax (20,872 ) 31,999
Social security and other taxes 291,054 312,063
Other creditors 1,163,317 689,737
1,679,236 1,242,131

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loan more than 1 year 139,182 169,636

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 169,414 198,414

The bank loan is secured against the assets of the company on a fixed and floating charge at 3.35% above the base rate.

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 19,025 15,954

Deferred
tax
£   
Balance at 1 April 2023 15,954
Provided during year 3,071
Balance at 31 March 2024 19,025