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REGISTERED NUMBER: 05779630 (England and Wales)














Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Total Wrap Limited

Total Wrap Limited (Registered number: 05779630)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Total Wrap Limited

Company Information
for the Year Ended 28 February 2025







DIRECTOR: S Coleman





REGISTERED OFFICE: Unit 5 Riverwalk Business Park
Jeffreys Road
Brimsdown
Enfield
Middlesex
EN3 7QN





REGISTERED NUMBER: 05779630 (England and Wales)





ACCOUNTANTS: Myers & Co Accountants Limited
Suite 204A, East Wing
Sterling House
Langston Road
Loughton
Essex
IG10 3TS

Total Wrap Limited (Registered number: 05779630)

Balance Sheet
28 February 2025

28.2.25 28.2.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 5,641 7,642

CURRENT ASSETS
Stocks 30,000 25,350
Debtors 5 5,770 16,016
Cash at bank 17,873 13,423
53,643 54,789
CREDITORS
Amounts falling due within one year 6 93,416 108,787
NET CURRENT LIABILITIES (39,773 ) (53,998 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(34,132

)

(46,356

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (34,232 ) (46,456 )
(34,132 ) (46,356 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 May 2025 and were signed by:





S Coleman - Director


Total Wrap Limited (Registered number: 05779630)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Total Wrap 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Total Wrap Limited (Registered number: 05779630)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 29 February 2024
and 28 February 2025 2,574 38,871 41,445
DEPRECIATION
At 29 February 2024 1,908 31,895 33,803
Charge for year 257 1,744 2,001
At 28 February 2025 2,165 33,639 35,804
NET BOOK VALUE
At 28 February 2025 409 5,232 5,641
At 28 February 2024 666 6,976 7,642

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 28.2.24
£    £   
Trade debtors 2,054 12,577
Other debtors 3,716 3,439
5,770 16,016

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 28.2.24
£    £   
Trade creditors 14,037 44,824
Taxation and social security 18,633 18,375
Other creditors 60,746 45,588
93,416 108,787