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
Total Asbestos Solutions Limited
Company Information
for the year ended 31 March 2024
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
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
Total Asbestos Solutions Limited
Statement of financial position
as at 31 March 2024
Tangible assets
112,721
124,905
Cash at bank and in hand
133,737
79,355
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
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
Total Asbestos Solutions Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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
Total Asbestos Solutions Limited
Notes to the Accounts
for the year ended 31 March 2024
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
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Trade creditors
54,263
18,971
Taxes and social security
53,218
20,729
Loans from directors
26,612
30,857
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).