REGISTERED NUMBER: 07471303 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 January 2025

for

Totem Consultants Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S J Musgrave

Mr K Musgrave

REGISTERED OFFICE:

5 Coxley Dell

Horbury

Wakefield

West Yorkshire

WF4 5LF

REGISTERED NUMBER:

07471303 (England and Wales)

ACCOUNTANTS:

Sutton McGrath Hartley Limited

5 Westbrook Court

Sharrowvale Road

Sheffield

S11 8YZ

FIXED ASSETS

Tangible assets

4

22,273

30,928

CURRENT ASSETS

Debtors

5

413,669

410,706

Cash at bank

754,437

751,249

1,168,106

1,161,955

CREDITORS

Amounts falling due within one year

6

77,468

60,456

NET CURRENT ASSETS

1,090,638

1,101,499

TOTAL ASSETS LESS CURRENT LIABILITIES

1,112,911

1,132,427

PROVISIONS FOR LIABILITIES

5,568

7,732

NET ASSETS

1,107,343

1,124,695

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,107,243

1,124,595

SHAREHOLDERS' FUNDS

1,107,343

1,124,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 2025 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.

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 30 October 2025 and were signed on its behalf by:

Mr K Musgrave - Director

1.	STATUTORY INFORMATION

Totem Consultants 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.

Plant and machinery etc

-

33% on cost and 25% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31 January 2024

137,686

Additions

5,799

At 30 January 2025

143,485

DEPRECIATION

At 31 January 2024

106,758

Charge for year

14,454

At 30 January 2025

121,212

NET BOOK VALUE

At 30 January 2025

22,273

At 30 January 2024

30,928

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

634

-

Other debtors

413,035

410,706

413,669

410,706

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

-

176

Other creditors

77,468

60,280

77,468

60,456

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 January 2025 and 30 January 2024:

2025

2024

£

£

Mr K Musgrave and Mrs S J Musgrave

Balance outstanding at start of year

(2,989

)

(121,914

)

Amounts advanced

219,519

141,119

Amounts repaid

(174,151

)

(22,194

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

42,379

(2,989

)