| Registered Number:07622676 |
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2025
Totalvista Ltd.
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Totalvista Ltd.
Statement of Financial Position
2024
2025
| Property, plant and equipment |
4,050
3,136
2
4,050
3,136
| Trade and other receivables |
19,251
10,144
3
10,144
19,251
| Trade and other payables: amounts falling due within one |
| year |
(15,136)
(13,132)
4
4,115
(2,988)
Net current liabilities
| Total assets less current liabilities |
1,062
7,251
| Trade and other payables: amounts falling due after more |
| than one year |
(6,236)
-
5
(769)
(596)
| Provisions for liabilities |
293
Net assets
419
102
102
191
317
293
419
Shareholders' funds
| For the year ended 31 March 2025 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 of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mr Alan Warren Aiken Director |
| These financial statements were approved and authorised for issue by the Board on 05 June 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2025
Totalvista Ltd.
Notes to the Financial Statements
Statutory Information
| Totalvista Ltd. is a private limited company, limited by shares, domiciled in England and Wales, registration number |
| 07622676. |
14 Olney House 1 Wynter Street
Battersea
London
SW11 2QH
| The presentation currency is £ sterling. |
| The financial statements have been prepared in accordance with the provision of Section 1A of Financial Reporting |
| Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies |
| Act 2006. The financial statements have been prepared under the historical cost convention as modified by the |
| revaluation of certain assets. |
Basis of preparing the financial statements
| At the time of approving the financial statements, the director has a reasonable expectation that the company |
| has adequate resources to continue in operational existence for the foreseeable future. For this reason the |
| director continues to adopt the going concern basis of accounting in preparing the financial statements. |
Significant judgements and estimates
| In the application of the company’s accounting policies, the director is required to make judgements, estimatesand assumptions about the carrying amount of assets and liabilities that are not readily apparent from othersources. The estimates and associated assumptions are based on historical experience and other factors thatare considered to be relevant. Actual results may differ from these estimates.The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accountingestimates are recognised in the period in which the estimate is revised where the revision affects only thatperiod, or in the period of the revision and future periods where the revision affects both current and futureperiods. |
Revenue recognition
| Turnover is recognised at the fair value of the consideration received or receivable for goods and servicesprovided in the normal course of business, and is shown net of VAT and other sales related taxes. The fairvalue of consideration takes into account trade discounts, settlement discounts and volume rebates. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Deferred tax
| Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets arerecognised to the extent that it is probable that they will be recovered against the reversal of deferred taxliabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing differencearises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affectsneither the tax profit nor the accounting profit. |
Pension costs and other post-retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
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For the year ended 31 March 2025
Totalvista Ltd.
Notes to the Financial Statements Continued
Cash and cash equivalents
| Basic financial assets, which include debtors and cash and bank balances, are initially measured at |
| transaction price including transaction costs and are subsequently carried at amortised cost using the effective |
| interest method 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. Financial assets |
| classified as receivable within one year are not amortised. |
Financial instruments
| Basic financial assets, which include debtors and cash and bank balances, are initially measured at |
| transaction price including transaction costs and are subsequently carried at amortised cost using the effective |
| interest method 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. Financial assets |
| classified as receivable within one year are not amortised. |
| Classification of financial liabilities |
| Financial liabilities and equity instruments are classified according to the substance of the contractual |
| arrangements entered into. An equity instrument is any contract that evidences a residual interest in the |
| assets of the company after deducting all of its liabilities. |
| Basic financial liabilities |
| Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference |
| shares that are classified as debt, 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. Financial liabilities classified as payable within one year are |
| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of |
| business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year |
| or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at |
| transaction price and subsequently measured at amortised cost using the effective interest method. |
| 2. Property, plant and equipment |
7,627
2,333
9,960
| Provision for depreciation and impairment |
4,491
Charge for year
1,419
5,910
4,050
3,136
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For the year ended 31 March 2025
Totalvista Ltd.
Notes to the Financial Statements Continued
| 3. Trade and other receivables |
2024
2025
2,494
540
7,650
18,711
19,251
10,144
| 4. Trade and other payables: amounts falling due within one year |
2024
2025
6,034
7,789
-
534
| Taxation and social security |
6,005
5,720
1,093
1,093
13,132
15,136
| 5. Trade and other payables: amounts falling due after more than one year |
2024
2025
-
6,236
| 6. Directors advances and guarantees |
Loaned
Repaid
Mr Alan Warren Aiken
| Loan to director repayable on demand |
3,682
14,743
3,682
14,743
3,682
14,743
3,682
14,743
| 7. Average number of persons employed |
During the year the average number of employees was 1 (2024 : 1)
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