Total Fire Solutions Ltd Accounts

TOTAL FIRE SOLUTIONS LTD - Company Information






Total Fire Solutions Ltd

	Company No. 07172049
		Information for Filing with The Registrar
		31 March 2022

The Director presents his report and the accounts for the year ended 31 March 2022.

Principal activities
The principal activity of the company during the year under review was servicing of fire alarms.




Director

The Director who served at any time during the year was as follows:

D. Colbridge





































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

D. Colbridge
Director
17 February 2023

at	31 March 2022
Company No.		07172049	Notes	2022	2021
				£	£
Fixed assets
	Intangible assets		4	-	-
	Tangible assets		5	15,990	21,264


				15,990	21,264
Current assets
	Stocks		6	2,180	2,116
	Debtors		7	34,340	56,071

	Cash at bank and in hand			88,232	86,961
				124,752	145,148
Creditors: Amount falling due within one year			8	(38,374)	(77,189)
Net current assets				86,378	67,959
Total assets less current liabilities				102,368	89,223
Creditors: Amounts falling due after more than one year			9	(32,026)	-
Provisions for liabilities
	Deferred taxation		10	(2,711)	(3,641)

Net assets				67,631	85,582

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		11	67,531	85,482

Total equity				67,631	85,582



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 March 2022 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 17 February 2023
And signed on its behalf by:
D. Colbridge
Director
17 February 2023

for the year ended 31 March 2022

General information

Its registered number is: 07172049

Its registered office is:

118 Stand Road

Radcliffe

M26 1GS

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

15% Reducing Balance

Motor vehicles

25% Reducing Balance

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 profit and loss account 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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other 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.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2022	2021
			Number	Number
		The average monthly number of employees (including directors) during the year was:	5	5

4	Intangible fixed assets
			Goodwill	Total
			£	£
		Cost
		At 1 April 2021	40,000	40,000


		At 31 March 2022	40,000	40,000
		Amortisation and impairment
		At 1 April 2021	40,000	40,000



		At 31 March 2022	40,000	40,000
		Net book values
		At 31 March 2022	-	-
		At 31 March 2021	-	-

5	Tangible fixed assets
			Plant and machinery	Motor vehicles	Total
			£	£	£
		Cost or revaluation
		At 1 April 2021	2,500	37,365	39,865




		At 31 March 2022	2,500	37,365	39,865
		Depreciation
		At 1 April 2021	2,081	16,520	18,601
		Charge for the year	63	5,211	5,274



		At 31 March 2022	2,144	21,731	23,875
		Net book values
		At 31 March 2022	356	15,634	15,990
		At 31 March 2021	419	20,845	21,264

6	Stocks
			2022	2021
			£	£
		Raw materials and consumables	2,180	2,116


			2,180	2,116

7	Debtors
			2022	2021
			£	£
		Trade debtors	23,881	43,812





		Other debtors	9,470	11,035
		Prepayments and accrued income	989	1,224
			34,340	56,071

8	Creditors:
		amounts falling due within one year
			2022	2021
			£	£

		Bank loans and overdrafts	9,648	50,000


		Trade creditors	4,854	5,394

		Corporation tax	11,042	5,837
		Other taxes and social security	8,014	11,082
		Loans from directors	2,518	2,263

		Accruals and deferred income	2,298	2,613
			38,374	77,189

9	Creditors:
		amounts falling due after more than one year
			2022	2021
			£	£

		Bank loans and overdrafts	32,026	-






			32,026	-

10	Provisions for liabilities
		Deferred taxation

			Accelerated Capital Allowances, Losses and Other Timing Differences	Total
			£	£
		At 1 April 2021	3,641	3,641
		Charge to the profit and loss account for the period	(930)	(930)

		At 31 March 2022	2,711	2,711



			2022	2021
			£	£
		Accelerated capital allowances	2,711	3,641



			2,711	3,641

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.