ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

TOTUM SYSTEMS LIMITED - Company Information

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Caseware UK (AP4) 2018.0.196 2018.0.196 2019-01-312019-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalsedormantfalse2018-02-01 06044434 2018-02-01 2019-01-31 06044434 2017-02-01 2018-01-31 06044434 2019-01-31 06044434 2018-01-31 06044434 c:Director1 2018-02-01 2019-01-31 06044434 d:CurrentFinancialInstruments 2019-01-31 06044434 d:CurrentFinancialInstruments 2018-01-31 06044434 d:CurrentFinancialInstruments d:WithinOneYear 2019-01-31 06044434 d:CurrentFinancialInstruments d:WithinOneYear 2018-01-31 06044434 d:ShareCapital 2019-01-31 06044434 d:ShareCapital 2018-01-31 06044434 d:RetainedEarningsAccumulatedLosses 2019-01-31 06044434 d:RetainedEarningsAccumulatedLosses 2018-01-31 06044434 c:FRS102 2018-02-01 2019-01-31 06044434 c:AuditExempt-NoAccountantsReport 2018-02-01 2019-01-31 06044434 c:FullAccounts 2018-02-01 2019-01-31 06044434 c:PrivateLimitedCompanyLtd 2018-02-01 2019-01-31 06044434 c:PublicLimitedCompanyPLCNotQuotedOnAnyExchange 2018-02-01 2019-01-31 iso4217:GBP xbrli:pure

Registered number: 06044434









TOTUM SYSTEMS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2019
 
TOTUM SYSTEMS LIMITED
REGISTERED NUMBER: 06044434

BALANCE SHEET
AS AT 31 JANUARY 2019

2019
2018
Note
£
£

  

Current assets
  

Cash at bank and in hand
 4 
62,463
80,768

  
62,463
80,768

Creditors: amounts falling due within one year
 5 
(88,087)
(104,747)

Net current liabilities
  
 
 
(25,624)
 
 
(23,979)

Total assets less current liabilities
  
(25,624)
(23,979)

  

Net liabilities
  
(25,624)
(23,979)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(25,625)
(23,980)

  
(25,624)
(23,979)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


T S Dudbridge
Director

Date: 31 October 2019

The notes on pages 2 to 3 form part of these financial statements.

Page 1
 
TOTUM SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2019

1.


General information

Totum Systems Limited is a company incorporated in the United Kingdom under the Companies Act.
Totum Systems Limited is a private company limited by shares and is registered in England and Wales. The registered office address is Highlands House, Basingstoke Road, Spencers Wood, Reading, Berkshire, RG7 1NT.
The company was not trading in the year.
The Company's functional and presentational currency is GBP and the financial statements are rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director will continue to fund the company and to pursue new business opportunities.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Profit and Loss Account on a straight line basis over the lease term.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 2
 
TOTUM SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2019

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2018 - 1).


4.


Cash and cash equivalents

2019
2018
£
£

Cash at bank and in hand
62,463
80,768

62,463
80,768



5.


Creditors: Amounts falling due within one year

2019
2018
£
£

Trade creditors
540
900

Other creditors
86,047
102,047

Accruals and deferred income
1,500
1,800

88,087
104,747


 
Page 3