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Company Registration No. 07585906 (England and Wales)
Total Asbestos Solutions Limited Unaudited accounts for the year ended 31 March 2024
Total Asbestos Solutions Limited Unaudited accounts Contents
Page
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Total Asbestos Solutions Limited Company Information for the year ended 31 March 2024
Director
Mr A Sumner
Company Number
07585906 (England and Wales)
Registered Office
Unit 2 Bilton Way Lutterworth Leicestershire LE17 4JA England
Accountants
Amsden Young Ltd Loughborough Technology Centre Unit 29, Epinal Way Loughborough Leicestershire LE11 3GE
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Total Asbestos Solutions Limited for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Total Asbestos Solutions Limited for the year ended 31 March 2024 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Total Asbestos Solutions Limited, as a body, in accordance with the terms of our engagement letter dated 20 November 2024. Our work has been undertaken solely to prepare for your approval the accounts of Total Asbestos Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Total Asbestos Solutions Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Total Asbestos Solutions Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Total Asbestos Solutions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Total Asbestos Solutions Limited. You consider that Total Asbestos Solutions Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Total Asbestos Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Amsden Young Ltd Chartered Certified Accountants Loughborough Technology Centre Unit 29, Epinal Way Loughborough Leicestershire LE11 3GE 20 November 2024
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Total Asbestos Solutions Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
112,721 
124,905 
Current assets
Debtors
147,378 
55,174 
Cash at bank and in hand
133,737 
79,355 
281,115 
134,529 
Creditors: amounts falling due within one year
(162,850)
(92,758)
Net current assets
118,265 
41,771 
Total assets less current liabilities
230,986 
166,676 
Creditors: amounts falling due after more than one year
(11,797)
(21,797)
Provisions for liabilities
Deferred tax
(28,181)
(23,731)
Net assets
191,008 
121,148 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
191,006 
121,146 
Shareholders' funds
191,008 
121,148 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 November 2024 and were signed on its behalf by
Mr A Sumner Director Company Registration No. 07585906
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Total Asbestos Solutions Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Total Asbestos Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 07585906. The registered office is Unit 2 Bilton Way, Lutterworth, Leicestershire, LE17 4JA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
33.33% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
13,256 
233,059 
3,730 
7,866 
257,911 
Additions
17,500 
- 
- 
3,256 
20,756 
At 31 March 2024
30,756 
233,059 
3,730 
11,122 
278,667 
Depreciation
At 1 April 2023
9,348 
114,744 
2,890 
6,024 
133,006 
Charge for the year
1,948 
29,580 
169 
1,243 
32,940 
At 31 March 2024
11,296 
144,324 
3,059 
7,267 
165,946 
Net book value
At 31 March 2024
19,460 
88,735 
671 
3,855 
112,721 
At 31 March 2023
3,908 
118,315 
840 
1,842 
124,905 
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Total Asbestos Solutions Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
123,731 
37,224 
Accrued income and prepayments
5,176 
1,000 
Other debtors
18,471 
16,950 
147,378 
55,174 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
18,257 
11,701 
Trade creditors
54,263 
18,971 
Taxes and social security
53,218 
20,729 
Loans from directors
26,612 
30,857 
Accruals
500 
500 
162,850 
92,758 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,797 
21,797 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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