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REGISTERED NUMBER: 08251631 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

TOTEM LEARNING LTD

TOTEM LEARNING LTD (REGISTERED NUMBER: 08251631)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOTEM LEARNING LTD

COMPANY INFORMATION
for the year ended 31 October 2024







DIRECTORS: Mr A E Murdoch
Ms H C Starck





REGISTERED OFFICE: 3 & 4 Pegasus House, Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW





REGISTERED NUMBER: 08251631 (England and Wales)





ACCOUNTANTS: Pentlands Accountants and advisors Ltd
Chartered Certified Accountants
and Registered Auditors
3 & 4 Pegasus House
Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW

TOTEM LEARNING LTD (REGISTERED NUMBER: 08251631)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 4,522 9,804

CURRENT ASSETS
Debtors 5 69,125 96,573
Cash at bank 61,714 117,438
130,839 214,011
CREDITORS
Amounts falling due within one year 6 123,720 105,889
NET CURRENT ASSETS 7,119 108,122
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,641

117,926

CREDITORS
Amounts falling due after more than one
year

7

(17,740

)

(48,152

)

PROVISIONS FOR LIABILITIES (1,131 ) (1,863 )
NET (LIABILITIES)/ASSETS (7,230 ) 67,911

CAPITAL AND RESERVES
Called up share capital 1,491 1,491
Share premium 197,094 197,094
Retained earnings (205,815 ) (130,674 )
SHAREHOLDERS' FUNDS (7,230 ) 67,911

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

TOTEM LEARNING LTD (REGISTERED NUMBER: 08251631)

BALANCE SHEET - continued
31 October 2024


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 Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:





Ms H C Starck - Director


TOTEM LEARNING LTD (REGISTERED NUMBER: 08251631)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2024


1. STATUTORY INFORMATION

Totem Learning Ltd 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.
Computer equipment - 33% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 16 ) .

TOTEM LEARNING LTD (REGISTERED NUMBER: 08251631)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2023 42,588
Additions 271
At 31 October 2024 42,859
DEPRECIATION
At 1 November 2023 32,784
Charge for year 5,553
At 31 October 2024 38,337
NET BOOK VALUE
At 31 October 2024 4,522
At 31 October 2023 9,804

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 60,158 96,573
Other debtors 8,967 -
69,125 96,573

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 30,412 30,412
Trade creditors 12,400 6,107
Taxation and social security 28,999 48,840
Other creditors 51,909 20,530
123,720 105,889

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 17,740 48,152

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.