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Registered number: 4706322
Total Retail Limited- ONE STOP NISA TODAY
Financial Statements
For The Year Ended 31 July 2025
Tamsons Accounting & Tax Consultancy Ltd
Financial Accountants'
53-55 College Road
Bromley
Kent
BR1 3QG
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Directors Mrs C K Goraya
Mr M S Goraya
Company Number 4706322
Registered Office 52 London Road
Northfleet
Kent
DA11 9JR
Accountants Tamsons Accounting & Tax Consultancy Ltd
Financial Accountants'
53-55 College Road
Bromley
Kent
BR1 3QG
Page 1
Page 2
Balance Sheet
Registered number: 4706322
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 147,353 147,353
Tangible Assets 5 639,763 659,386
787,116 806,739
CURRENT ASSETS
Stocks 6 205,570 215,550
Debtors 7 4,400 4,400
Cash at bank and in hand 9,176 9,885
219,146 229,835
Creditors: Amounts Falling Due Within One Year 8 (262,008 ) (203,852 )
NET CURRENT ASSETS (LIABILITIES) (42,862 ) 25,983
TOTAL ASSETS LESS CURRENT LIABILITIES 744,254 832,722
Creditors: Amounts Falling Due After More Than One Year 9 (445,607 ) (550,475 )
NET ASSETS 298,647 282,247
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 298,547 282,147
SHAREHOLDERS' FUNDS 298,647 282,247
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Page 3
For the year ending 31 July 2025 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs C K Goraya
Director
Mr M S Goraya
Director
17/10/2025
The notes on pages 4 to 7 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Total Retail Limited- ONE STOP NISA TODAY is a private company, limited by shares, incorporated in England & Wales, registered number 4706322 . The registered office is 52 London Road, Northfleet, Kent, DA11 9JR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold NA
Motor Vehicles Cost @18% one month
Fixtures & Fittings 18%@WDV
Computer Equipment 18%@WDV
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2024: 15)
19 15
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2024 147,353
As at 31 July 2025 147,353
Net Book Value
As at 31 July 2025 147,353
As at 1 August 2024 147,353
5. Tangible Assets
Land & Property
Freehold Investment Properties Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 August 2024 462,000 88,365 115,046 140,660
As at 31 July 2025 462,000 88,365 115,046 140,660
Depreciation
As at 1 August 2024 - - 49,333 109,063
Provided during the period - - 11,828 5,687
As at 31 July 2025 - - 61,161 114,750
...CONTINUED
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Page 6
Net Book Value
As at 31 July 2025 462,000 88,365 53,885 25,910
As at 1 August 2024 462,000 88,365 65,713 31,597
Computer Equipment Total
£ £
Cost
As at 1 August 2024 42,516 848,587
As at 31 July 2025 42,516 848,587
Depreciation
As at 1 August 2024 30,805 189,201
Provided during the period 2,108 19,623
As at 31 July 2025 32,913 208,824
Net Book Value
As at 31 July 2025 9,603 639,763
As at 1 August 2024 11,711 659,386
6. Stocks
2025 2024
£ £
Materials 205,570 215,550
7. Debtors
2025 2024
£ £
Due within one year
Other debtors-Gravesend P/O Rent Deposit 4,400 4,400
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 13,104 (1 )
Bank loans and overdrafts 69,285 63,494
Corporation tax 5,907 4,063
Other taxes and social security 40,742 27,136
VAT 12,620 7,136
Other creditors 12,608 10,108
Directors' loan accounts 107,742 91,916
262,008 203,852
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 9,134 14,251
Bank loans 155,651 179,035
Funding Circle - 54,284
Other creditors-HSBC LOAN 280,822 302,905
445,607 550,475
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 9,134 14,251
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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