REGISTERED NUMBER: 03293117 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TOTAL BUILDING LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr D Williams

REGISTERED OFFICE:

40 Offord Road

Islington

London

N1 1EB

REGISTERED NUMBER:

03293117 (England and Wales)

ACCOUNTANTS:

ELM Partners

Chartered Certified Accountants

Southgate Office Village

286a Chase Road

Southgate

London

N14 6HF

FIXED ASSETS

Tangible assets

4

1,195

1,589

CURRENT ASSETS

Stocks

30,169

31,410

Debtors

5

69,471

61,087

Cash at bank

88

114

99,728

92,611

CREDITORS

Amounts falling due within one year

6

194,997

112,822

NET CURRENT LIABILITIES

(95,269

)

(20,211

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(94,074

)

(18,622

)

CREDITORS

Amounts falling due after more than one year

7

16,300

15,702

NET LIABILITIES

(110,374

)

(34,324

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(110,474

)

(34,424

)

SHAREHOLDERS' FUNDS

(110,374

)

(34,324

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 9 July 2025 and were signed by:

Mr D Williams - Director

1.	STATUTORY INFORMATION

Total Building 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.

The company tendered for projects during 2024 which unfortunately, contrary to the director's expectations did not materialise, resulting in low sales for the year. A rent review generated a backlog of rent and an increase in current rent, increasing the overheads of the company and ultimately generating a substantially higher loss for the year than expected. Despite the negative trading conditions experienced by the company during the year, the director expects the company to trade out of this. He has also expressed a willingness to support the company. He therefore, does not consider that a material uncertainty about the going concern status of the company exists. In making this assessment he has also considered the likely trading conditions and possible support he can provide to the company for a period of twelve months from the date of approval of these accounts.

On this basis, it is deemed appropriate by the director that the financial statements are prepared on a going concern basis.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance.

Fixtures and fittings

-

25% on reducing balance.

Computer equipment

-

25% on reducing balance.

Stocks

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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

9,210

18,715

25,610

53,535

DEPRECIATION

At 1 January 2024

8,064

18,626

25,256

51,946

Charge for year

284

22

88

394

At 31 December 2024

8,348

18,648

25,344

52,340

NET BOOK VALUE

At 31 December 2024

862

67

266

1,195

At 31 December 2023

1,146

89

354

1,589

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

40,756

48,586

Prepayments and accrued income

28,715

12,501

69,471

61,087

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

7,372

7,385

Trade creditors

63,475

40,112

Social security and other taxes

5,294

4,571

VAT

23,384

29,266

Net wages

-

870

Director's current account

93,972

28,050

Accrued expenses

1,500

2,568

194,997

112,822

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

16,300

7,574

Bank loans - 2-5 years

-

8,128

16,300

15,702

Included in loans is a Bounce Back Loan amounting to £37,000 that was advanced in May 2020. The government guaranteed 100% of the loan and there were no fees or interest to pay for the first 12 months. After 12 months, the loan interest is fixed at a cap of 2.5% per year and the loan can be repaid at any time before its full term of 6 years. The balance remaining on the loan as at the end of the financial year is £23,672.

8.	RELATED PARTY DISCLOSURES

Included in "Creditors: amounts falling due within one year" is an amount of £93,972 (2023: £28,050) due to D Williams, director of the company. The loan was interest free.