Total Solutions Training Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07057868 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2019 to 30 April 2020

for

Total Solutions Training Ltd

T/A

Powerdriver UK

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTOR:

C R Hughes

REGISTERED OFFICE:

284 Gipsy Lane

Leicester

Leicestershire

LE4 9BX

REGISTERED NUMBER:

07057868 (England and Wales)

ACCOUNTANTS:

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

FIXED ASSETS

Tangible assets

4

-

4,194

CURRENT ASSETS

Debtors

5

24,789

3,191

Cash at bank

4,712

1,731

29,501

4,922

CREDITORS

Amounts falling due within one year

6

33,871

36,656

NET CURRENT LIABILITIES

(4,370

)

(31,734

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,370

)

(27,540

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(4,470

)

(27,640

)

(4,370

)

(27,540

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2020 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 December 2020 and were signed by:

C R Hughes - Director

1.	STATUTORY INFORMATION

Total Solutions Training 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

-

25% on cost

Taxation

Taxation for the period 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 period 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.

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 period was 3 (2019 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2019

3,501

34,033

37,534

Disposals

-

(34,033

)

(34,033

)

At 30 April 2020

3,501

-

3,501

DEPRECIATION

At 1 April 2019

3,070

30,270

33,340

Charge for period

431

904

1,335

Eliminated on disposal

-

(31,174

)

(31,174

)

At 30 April 2020

3,501

-

3,501

NET BOOK VALUE

At 30 April 2020

-

-

-

At 31 March 2019

431

3,763

4,194

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

31.3.19

£

£

Trade debtors

21,032

1,209

Other debtors

3,757

1,982

24,789

3,191

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

31.3.19

£

£

Trade creditors

5,290

23,281

Taxation and social security

9,142

1,863

Other creditors

19,439

11,512

33,871

36,656

7.	GOING CONCERN

Following a change in management and ownership during the period the business has seen a significant improvement in performance. Despite the challenges faced due to the ongoing pandemic the director expects to achieve a net asset balance sheet position at the end of the following accounting period, with all ongoing financial obligations met.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 30 April 2020 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

9 December 2020