Total Technology Solutions Limited
Registered number: 03506815
Balance Sheet
at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 734 3,724
Current assets
Debtors 4 83,762 86,132
Cash at bank and in hand 3,654 2,593
87,416 88,725
Creditors: amounts falling due within one year 5 (83,797) (82,627)
Net current assets 3,619 6,098
Total assets less current liabilities 4,353 9,822
Creditors: amounts falling due after more than one year 6 (7,852) (9,629)
Net (liabilities)/assets (3,499) 193
Capital and reserves
Called up share capital 10 10
Profit and loss account (3,509) 183
Shareholders' funds (3,499) 193
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Robert Craig Talbot
Director
Approved by the board on 9 April 2025
Total Technology Solutions Limited
Notes to the Financial Statements
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 – The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis and are presented in Sterling (£).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets over their expected useful lives, using the straight-line method.
Office equipment 25% per year
Motor vehicles 25% per year
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that that have been enacted or substantively enacted by the reporting date.
Deferred tax is calculated using the tax rates and laws that that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference and is recognised in respect of all timing differences at the reporting date, except as otherwise indicated. Deferred tax assets are only 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. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Employee benefits
Short-term employee benefits and contributions to defined contribution pension plans are recognised as an expense in the period in which they are incurred.
The company operates stakeholder defined contribution pension schemes for the benefit of the employees and directors. The assets of the pension schemes are administered by an independent pensions provider.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Office equipment Motor vehicles Total
£ £ £
Cost
At 1 March 2024 37,533 5,858 43,391
Additions 50 - 50
At 28 February 2025 37,583 5,858 43,441
Depreciation
At 1 March 2024 35,220 4,447 39,667
Charge for the year 1,627 1,413 3,040
At 28 February 2025 36,847 5,860 42,707
Net book value
At 28 February 2025 736 (2) 734
At 29 February 2024 2,313 1,411 3,724
4 Debtors 2025 2024
£ £
Trade debtors 1,620 8,100
Owed by participants 63,739 67,653
Other debtors 3 -
Corporation tax 18,167 9,984
Prepayments and accrued income 233 395
83,762 86,132
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 1,778 5,647
Trade creditors 4,584 1,020
Taxation and social security costs 77,320 70,790
Other creditors - 4,710
Accruals and deferred income 115 460
83,797 82,627
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 7,852 9,629
7 Loans 2025 2024
£ £
Creditors include:
Instalments falling due for payment after more than five years 2,519 4,297
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
R C Talbot
Loan 67,650 7,710 (11,621) 63,739
67,650 7,710 (11,621) 63,739
9 Other information
Total Technology Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
5a The Crescent
Seascale
CA20 1QA
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