REGISTERED NUMBER: 06013938 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

TOTAL IT TECHNOLOGY SOLUTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S P Dunmall

E M Wilkinson

REGISTERED OFFICE:

First Floor

Woburn Court

2 Railton Road

Kempston

Bedfordshire

MK42 7PN

REGISTERED NUMBER:

06013938 (England and Wales)

ACCOUNTANTS:

Baker Noel

Cheribourne House

45A Station Road

Willington

Bedford

Bedfordshire

MK44 3QL

FIXED ASSETS

Tangible assets

4

43,335

38,301

CURRENT ASSETS

Stocks

28,669

36,623

Debtors

5

691,065

604,864

Cash at bank and in hand

49,743

70,770

769,477

712,257

CREDITORS

Amounts falling due within one year

6

597,867

550,049

NET CURRENT ASSETS

171,610

162,208

TOTAL ASSETS LESS CURRENT LIABILITIES

214,945

200,509

CREDITORS

Amounts falling due after more than one year

7

(83,273

)

(123,094

)

PROVISIONS FOR LIABILITIES

(10,534

)

(9,253

)

NET ASSETS

121,138

68,162

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

121,136

68,160

121,138

68,162

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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 25 November 2025 and were signed on its behalf by:

S P Dunmall - Director

1.	STATUTORY INFORMATION

Total IT Technology Solutions 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.

Short leasehold

-

20% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow moving stock where appropriate.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 December 2023

5,080

2,443

45,528

Additions

-

-

7,697

At 30 November 2024

5,080

2,443

53,225

DEPRECIATION

At 1 December 2023

5,080

1,568

40,537

Charge for year

-

284

3,001

At 30 November 2024

5,080

1,852

43,538

NET BOOK VALUE

At 30 November 2024

-

591

9,687

At 30 November 2023

-

875

4,991

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 December 2023

14,630

67,421

135,102

Additions

-

21,493

29,190

At 30 November 2024

14,630

88,914

164,292

DEPRECIATION

At 1 December 2023

7,338

42,278

96,801

Charge for year

3,125

17,746

24,156

At 30 November 2024

10,463

60,024

120,957

NET BOOK VALUE

At 30 November 2024

4,167

28,890

43,335

At 30 November 2023

7,292

25,143

38,301

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Trade debtors

388,627

260,556

Amounts recoverable on contract

73,188

104,224

Other debtors

229,250

240,084

691,065

604,864

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans and overdrafts

42,109

45,150

Trade creditors

193,989

269,494

Amounts owed to group undertakings

25,186

25,186

Taxation and social security

186,401

152,089

Other creditors

150,182

58,130

597,867

550,049

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans

83,273

123,094

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.24

30.11.23

£

£

Other creditors

4,464,290

29,518

Within other creditors are amounts owed on a finance facility, personally secured by the directors, Mr S P Dunmall.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24

30.11.23

£

£

S P Dunmall

Balance outstanding at start of year

169,230

135,539

Amounts advanced

43,233

65,912

Amounts repaid

(59,209

)

(32,221

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

153,254

169,230

Interest has been charged at 2.25%.