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REGISTERED NUMBER: 07471303 (England and Wales)

















Unaudited Financial Statements for the Year Ended 30 January 2024

for

Totem Consultants Ltd

Totem Consultants Ltd (Registered number: 07471303)






Contents of the Financial Statements
for the Year Ended 30 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Totem Consultants Ltd

Company Information
for the Year Ended 30 January 2024







DIRECTORS: Mrs S J Musgrave
Mr K Musgrave





REGISTERED OFFICE: 5 Coxley Dell
Horbury
Wakefield
West Yorkshire
WF4 5LF





REGISTERED NUMBER: 07471303 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

Totem Consultants Ltd (Registered number: 07471303)

Balance Sheet
30 January 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 30,928 18,140

CURRENT ASSETS
Debtors 5 407,706 399,023
Cash at bank 751,249 913,702
1,158,955 1,312,725
CREDITORS
Amounts falling due within one year 6 74,456 200,276
NET CURRENT ASSETS 1,084,499 1,112,449
TOTAL ASSETS LESS CURRENT LIABILITIES 1,115,427 1,130,589

PROVISIONS FOR LIABILITIES 7,732 3,447
NET ASSETS 1,107,695 1,127,142

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,107,595 1,127,042
SHAREHOLDERS' FUNDS 1,107,695 1,127,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 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.

Totem Consultants Ltd (Registered number: 07471303)

Balance Sheet - continued
30 January 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 30 October 2024 and were signed on its behalf by:





Mr K Musgrave - Director


Totem Consultants Ltd (Registered number: 07471303)

Notes to the Financial Statements
for the Year Ended 30 January 2024

1. STATUTORY INFORMATION

Totem Consultants 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.
Plant and machinery etc - 33% on cost and 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 2 (2023 - 2 ) .

Totem Consultants Ltd (Registered number: 07471303)

Notes to the Financial Statements - continued
for the Year Ended 30 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 31 January 2023 101,706
Additions 35,980
At 30 January 2024 137,686
DEPRECIATION
At 31 January 2023 83,566
Charge for year 23,192
At 30 January 2024 106,758
NET BOOK VALUE
At 30 January 2024 30,928
At 30 January 2023 18,140

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors - 18,000
Other debtors 407,706 381,023
407,706 399,023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors - 77
Taxation and social security 176 9,415
Other creditors 74,280 190,784
74,456 200,276

Totem Consultants Ltd (Registered number: 07471303)

Notes to the Financial Statements - continued
for the Year Ended 30 January 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 January 2024 and the period ended 30 January 2023:

2024 2023
£ £
Mr K Musgrave and Mrs S J Musgrave
Balance outstanding at start of year (121,914 ) (112,696 )
Amounts advanced 141,119 37,083
Amounts repaid (22,194 ) (46,301 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,989 ) (121,914 )