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COMPANY REGISTRATION NUMBER: 10759048
Totale Ops Ltd
Filleted Unaudited Financial Statements
For the year ended
30 June 2024
Totale Ops Ltd
Financial Statements
Year ended 30 June 2024
Contents
Page
Accountant's report to the director on the preparation of the unaudited statutory financial statements of Totale Ops Ltd
1
Statement of financial position
2
Notes to the financial statements
3
Totale Ops Ltd
Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Totale Ops Ltd
Year ended 30 June 2024
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 30 June 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
CLAY SHAW THOMAS LTD
2 Oldfield Road Bocam Park Bridgend CF35 5LJ
11 February 2025
Totale Ops Ltd
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Current assets
Debtors
4
22,214
22,103
Cash at bank and in hand
5,685
6,277
--------
--------
27,899
28,380
Creditors: amounts falling due within one year
5
1,829
4,067
--------
--------
Net current assets
26,070
24,313
--------
--------
Total assets less current liabilities
26,070
24,313
--------
--------
Net assets
26,070
24,313
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
26,069
24,312
--------
--------
Shareholders funds
26,070
24,313
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 11 February 2025 , and are signed on behalf of the board by:
Mr W E Sinclair
Director
Company registration number: 10759048
Totale Ops Ltd
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8a Dunraven Place, Bridgend, CF31 1JD, Wales.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
4. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
22,214
17,198
Other debtors
4,905
--------
--------
22,214
22,103
--------
--------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
366
2,909
Corporation tax
341
36
Other creditors
1,122
1,122
-------
-------
1,829
4,067
-------
-------
6. Directors' advances, credit and guarantees
Included in other debtors is an amount of £nil (2023: £4,905) due from the director Mr W E Sinclair . The transactions that occurred with the director during the year are as follows:
2024
£
Balance due from the director as at 1 July 2023 4,905
Monies introduced (5,017)
Monies drawn
Interest charged 112
-------
Balance due from the director as at 30 June 2024
-------
There are no fixed terms of repayment and interest was charged at a rate of 2.25%.
7. Related party transactions
Totale Ops Limited is a 100% subsidiary of STS Commercial Limited, and as such has taken advantage of the exemption stated in FRS102 whereby disclosures need not be given of transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transaction is wholly owned by such member.