Total Office Group Limited
Unaudited Financial Statements
For the year ended 31 March 2024
Pages for Filing with Registrar
Company Registration No. 10525521 (England and Wales)
Total Office Group Limited
Company Information
Directors
J Thurgood
A Thompson
G Denslow
Company number
10525521
Registered office
6 Carnival Park
Carnival Close
Basildon
Essex
United Kingdom
SS14 3WN
Accountants
Moore Kingston Smith LLP
Chartered Accountants
6th Floor
9 Appold Street
London
EC2A 2AP
Total Office Group Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
3 - 7
Total Office Group Limited
Balance Sheet
As at 31 March 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
695,552
695,552
Current assets
-
-
Creditors: amounts falling due within one year
5
(17,183)
(4,164)
Net current liabilities
(17,183)
(4,164)
Net assets
678,369
691,388
Capital and reserves
Called up share capital
6
1,577
1,624
Share premium account
498,999
498,999
Capital redemption reserve
424
377
Profit and loss reserves
177,369
190,388
Total equity
678,369
691,388

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 24 October 2024 and are signed on its behalf by:
J Thurgood
Director
Company Registration No. 10525521
Total Office Group Limited
Statement of Changes in Equity
For the year ended 31 March 2024
Page 2
Share capital
Share premium account
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 April 2022
1,624
498,999
377
-
0
501,000
Year ended 31 March 2023:
Profit and total comprehensive income for the year
-
-
-
285,334
285,334
Dividends
-
-
-
(94,946)
(94,946)
Balance at 31 March 2023
1,624
498,999
377
190,388
691,388
Year ended 31 March 2024:
Profit and total comprehensive income for the year
-
-
-
153,446
153,446
Dividends
-
-
-
(153,446)
(153,446)
Redemption of shares
6
(47)
-
0
47
(13,019)
(13,019)
Balance at 31 March 2024
1,577
498,999
424
177,369
678,369
Total Office Group Limited
Notes to the Financial Statements
For the year ended 31 March 2024
Page 3
1
Accounting policies
Company information

Total Office Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6 Carnival Park, Carnival Close, Basildon, Essex, SS14 3WN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Total Office Group Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2024
1
Accounting policies
(Continued)
Page 4
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Total Office Group Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2024
Page 5
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Fixed asset investments
2024
2023
£
£
Investments
695,552
695,552

 

Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 April 2023 & 31 March 2024
695,552
Carrying amount
At 31 March 2024
695,552
At 31 March 2023
695,552
4
Subsidiaries

Details of the company's subsidiaries at 31 March 2024 are as follows:

Name of undertaking
Registered
Nature of business
Class of
% Held
office
shares held
Direct
Indirect
Total Office Holdings Limited
England and Wales
Holding company
Ordinary
100.00
0
Thurgoods Limited
England and Wales
Supplier of office supplies
Ordinary
100.00
0
Total Office Group Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2024
Page 6
5
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
17,183
4,164
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,576
1,623
1,576
1,623
2024
2023
2024
2023
Preference share capital
Number
Number
£
£
Issued and fully paid
Preference share of £1 each
1
1
1
1
Preference shares classified as equity
1
1
Total equity share capital
1,577
1,624

 

Total Office Group Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2024
Page 7
7
Related party transactions

An interim dividend was paid during the period to the shareholders of the company, who were also directors, amounting to £153,446 (2023: £94,946).

 

The company has taken advantage of the exemption available in FRS 102 Section 33.1A not to disclose transactions and balances with wholly owned group companies.

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