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
Total Developments Southern Limited
Company Information
for the year ended 30 September 2024
Company Number
07014736 (England and Wales)
Registered Office
First Floor
129 High Street
Guildford
Surrey
GU1 3AA
United Kingdom
Total Developments Southern Limited
Statement of financial position
as at 30 September 2024
Tangible assets
7,638
8,218
Inventories
542,502
298,018
Cash at bank and in hand
127,421
345,354
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)
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
Total Developments Southern Limited
Notes to the Accounts
for the year ended 30 September 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration receivable, excluding discounts, rebates, value added tax and other sales taxes.
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.
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.
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.
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
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
At 30 September 2024
36,708
At 30 September 2024
29,070
At 30 September 2024
7,638
At 30 September 2023
8,218
Total Developments Southern Limited
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Accrued income and prepayments
509
-
Other debtors
253,510
383,508
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
-
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
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.
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.
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Average number of employees
During the year the average number of employees was 2 (2023: 2).