1 October 2023 false No description of principal activity Taxfiler 2024.6 07014736business:PrivateLimitedCompanyLtd2023-10-012024-09-30 070147362023-09-30 070147362023-10-012024-09-30 07014736business:AuditExempt-NoAccountantsReport2023-10-012024-09-30 07014736business:FilletedAccounts2023-10-012024-09-30 070147362024-09-30 07014736business:Director12023-10-012024-09-30 07014736business:RegisteredOffice2023-10-012024-09-30 070147362023-09-30 07014736core:WithinOneYear2024-09-30 07014736core:WithinOneYear2023-09-30 07014736core:AfterOneYear2024-09-30 07014736core:AfterOneYear2023-09-30 07014736core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 07014736core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 07014736core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 07014736core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 07014736core:PreviouslyStatedAmount2024-09-30 07014736core:PreviouslyStatedAmount2023-09-30 07014736business:SmallEntities2023-10-012024-09-30 07014736countries:EnglandWales2023-10-012024-09-30 07014736core:PlantMachinery2023-10-012024-09-30 07014736core:PlantMachinery2023-09-30 07014736core:PlantMachinery2024-09-30 07014736core:WithinOneYear2023-10-012024-09-30 07014736core:AfterOneYear2023-10-012024-09-30 070147362022-10-012023-09-30 iso4217:GBP xbrli:pure
Company Registration No. 07014736 (England and Wales)
Total Developments Southern Limited Unaudited accounts for the year ended 30 September 2024
Total Developments Southern Limited Unaudited accounts Contents
Page
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Total Developments Southern Limited Company Information for the year ended 30 September 2024
Director
B J D Tanner
Company Number
07014736 (England and Wales)
Registered Office
First Floor 129 High Street Guildford Surrey GU1 3AA United Kingdom
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Total Developments Southern Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,638 
8,218 
Current assets
Inventories
542,502 
298,018 
Debtors
270,904 
406,496 
Cash at bank and in hand
127,421 
345,354 
940,827 
1,049,868 
Creditors: amounts falling due within one year
(931,417)
(1,037,488)
Net current assets
9,410 
12,380 
Total assets less current liabilities
17,048 
20,598 
Creditors: amounts falling due after more than one year
(28,500)
(66,500)
Net liabilities
(11,452)
(45,902)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(11,454)
(45,904)
Shareholders' funds
(11,452)
(45,902)
For the year ending 30 September 2024 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 June 2025 and were signed on its behalf by
B J D Tanner Director Company Registration No. 07014736
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Total Developments Southern Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Total Developments Southern Limited is a private company, limited by shares, registered in England and Wales, registration number 07014736. The registered office is First Floor, 129 High Street, Guildford, Surrey, GU1 3AA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration receivable, excluding discounts, rebates, value added tax and other sales taxes.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit or loss on a straight line basis over the lease term.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Total Developments Southern Limited Notes to the Accounts for the year ended 30 September 2024
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the director has made the following judgements: - Determine whether there are indicators of impairment of the company's tangible fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit. - Determine whether leases entered into by the company either as a lessor or a lessee are operating or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis. Other key sources of estimation uncertainty: Tangible fixed assets (note 4) Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 October 2023
35,032 
Additions
1,676 
At 30 September 2024
36,708 
Depreciation
At 1 October 2023
26,814 
Charge for the year
2,256 
At 30 September 2024
29,070 
Net book value
At 30 September 2024
7,638 
At 30 September 2023
8,218 
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Total Developments Southern Limited Notes to the Accounts for the year ended 30 September 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
16,885 
22,988 
Accrued income and prepayments
509 
- 
Other debtors
253,510 
383,508 
270,904 
406,496 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
38,000 
38,000 
Trade creditors
45,887 
49,587 
Amounts owed to group undertakings and other participating interests
666,551 
758,471 
Taxes and social security
89,240 
123,805 
Other creditors
78,508 
67,433 
Loans from directors
13,047 
- 
Accruals
184 
192 
931,417 
1,037,488 
Amounts due to group undertakings are unsecured, non-interest bearing and repayable on demand.
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
28,500 
66,500 
The bank loan is held with National Westminster Bank Plc and is repayable in monthly instalments, with the final instalment due June 2026. The loan bears interest at a rate of 3.27% per annum and is unsecured.
8
Transactions with related parties
The company has taken advantage of exemption, under the terms of Section 33.1A of Financial Reporting Standard 102 not to disclose related party transactions with wholly owned subsidiaries within the group.
9
Controlling party
The immediate parent and controlling party of the company is Eben Property Ltd, a company registered in England and Wales. Its registered office address is the same as that of this company, which is shown on the company information page.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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