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REGISTERED NUMBER: 07090756 (England and Wales)















TOTALLY INTERACTIVE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024






TOTALLY INTERACTIVE LIMITED (REGISTERED NUMBER: 07090756)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

TOTALLY INTERACTIVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr B K Preedy
Mrs A J Preedy





REGISTERED OFFICE: Batchworth Lock House
99 Church Street
Rickmansworth
WD3 1JJ





REGISTERED NUMBER: 07090756 (England and Wales)





ACCOUNTANTS: Cox Costello & Horne
Chartered Accountants and Tax Advisors
Batchworth Lock House
99 Church Street, Rickmansworth
WD3 1JJ

TOTALLY INTERACTIVE LIMITED (REGISTERED NUMBER: 07090756)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 - -
Investments 5 200,000 200,000
200,000 200,000

CURRENT ASSETS
Debtors 6 300,000 4,205
Cash at bank 217,796 147,674
517,796 151,879
CREDITORS
Amounts falling due within one year 7 563,274 205,432
NET CURRENT LIABILITIES (45,478 ) (53,553 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

154,522

146,447

CREDITORS
Amounts falling due after more than one
year

8

38,699

78,901
NET ASSETS 115,823 67,546

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Retained earnings 90,823 42,546
SHAREHOLDERS' FUNDS 115,823 67,546

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

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

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





Mr B K Preedy - Director


TOTALLY INTERACTIVE LIMITED (REGISTERED NUMBER: 07090756)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Totally Interactive Limited 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.

Going concern
The company meets its day-to-day working capital requirements through its bank and related party loan facilities. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Preparation of consolidated financial statements
The financial statements contain information about Totally Interactive Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Tangible fixed assets are initially measured at historic cost and subsequently carried at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring an asset into its intended working condition are included in the measurement of cost.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
a) Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

b) Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

c) Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

d) Interest income
Interest income is recognised in profit or loss using the effective interest method.


TOTALLY INTERACTIVE LIMITED (REGISTERED NUMBER: 07090756)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
-the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
-any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs
The company makes contributes into the personal retirement schemes of certain employees. The contributions payable by the company and staff are deposited in the respective pension schemes within 30 days following the deduction. Once the contributions have been paid, the company as employer, has no further obligations. The charity's contributions are charged to the profit & loss account in the period to which they relate. Outstanding contribution at the year end amounted to £Nil.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 July 2023 1,031
Disposals (1,031 )
At 30 June 2024 -
DEPRECIATION
At 1 July 2023 1,031
Eliminated on disposal (1,031 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 July 2023
and 30 June 2024 200,000
NET BOOK VALUE
At 30 June 2024 200,000
At 30 June 2023 200,000

TOTALLY INTERACTIVE LIMITED (REGISTERED NUMBER: 07090756)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£ £
Other debtors 300,000 4,205

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£ £
Trade creditors 30 (40 )
Amount owed to group undertaking 426,013 131,251
Taxation and social security 76,074 23,599
Other creditors 61,157 50,622
563,274 205,432

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£ £
Other creditors 38,699 78,901

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£ £
Other loans 74,606 104,273

The bank loan is secured by a registered debenture over all the company's assets.

The other loan is secured over the shares held by the directors.

10. RELATED PARTY DISCLOSURES

The Totally Interactive SASS - directors are trustees of the workplace pension scheme
At the reporting date, the amounts due to the pension scheme were £74,606 (2023 £104,273). The amounts are secured, attracts interest @ 5% and 4.5% per annum and is repayable within five years.

At the reporting date, the company owed the directors £24,729 (2023: £24,729). Amounts due to the directors are unsecured, attracts no interest, have no fixed terms of repayment and considered payable on demand.

At the reporting date, the company had an outstanding balance of £426,013 due to its subsidiary, [Windsor Glass Company Limited], This amount is unsecured, does not incur any interest, has no fixed repayment terms, and is regarded as payable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TOTALLY INTERACTIVE LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Totally Interactive Limited for the year ended 30 June 2024 which comprise the Profit and loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Totally Interactive Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Totally Interactive Limited and state those matters that we have agreed to state to the Board of Directors of Totally Interactive Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Totally Interactive Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Totally Interactive Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Totally Interactive Limited. You consider that Totally Interactive 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 financial statements of Totally Interactive 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 financial statements.






Cox Costello & Horne
Chartered Accountants and Tax Advisors
Batchworth Lock House
99 Church Street, Rickmansworth
WD3 1JJ


26 March 2025