Totem Consultants Ltd - Limited company - abbreviated - 11.6

Totem Consultants Ltd - Limited company - abbreviated - 11.6

TOTEM CONSULTANTS LTD - Company Information

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REGISTERED NUMBER: 07471303 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2015

FOR

TOTEM CONSULTANTS LTD

TOTEM CONSULTANTS LTD (REGISTERED NUMBER: 07471303)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

TOTEM CONSULTANTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2015







DIRECTORS: K Musgrave
Mrs S J Musgrave





REGISTERED OFFICE: 5 Coxley Dell
Horbury
Wakefield
West Yorkshire
WF4 5LF





REGISTERED NUMBER: 07471303 (England and Wales)





ACCOUNTANTS: Cardens Accountants LLP
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ
Page 1
TOTEM CONSULTANTS LTD (REGISTERED NUMBER: 07471303)

ABBREVIATED BALANCE SHEET
31 JANUARY 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 22,253 21,442

CURRENT ASSETS
Debtors 51,927 1,500
Cash at bank 287,212 293,671
339,139 295,171
CREDITORS
Amounts falling due within one year 126,887 165,104
NET CURRENT ASSETS 212,252 130,067
TOTAL ASSETS LESS CURRENT
LIABILITIES
234,505
151,509

PROVISIONS FOR LIABILITIES 4,451 4,288
NET ASSETS 230,054 147,221

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 229,954 147,121
SHAREHOLDERS' FUNDS 230,054 147,221

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 11 January 2016 and were signed on its behalf by:




K Musgrave - Director



Mrs S J Musgrave - Director


The notes form part of these abbreviated accounts

Page 2
TOTEM CONSULTANTS LTD (REGISTERED NUMBER: 07471303)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to
consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Deferred tax
Deferred taxation is provided in full on timing differences which represent a liability at the balance sheet date, at
rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from
the inclusion of items of income and expenditure in taxation computations in periods different from those in
which they are included in financial statements. Deferred tax is not provided on timing differences arising from
the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities
are not discounted..

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 the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2014 45,013
Additions 18,942
Disposals (14,122 )
At 31 January 2015 49,833
DEPRECIATION
At 1 February 2014 23,571
Charge for year 10,187
Eliminated on disposal (6,178 )
At 31 January 2015 27,580
NET BOOK VALUE
At 31 January 2015 22,253
At 31 January 2014 21,442

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

Page 3 continued...
TOTEM CONSULTANTS LTD (REGISTERED NUMBER: 07471303)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 JANUARY 2015

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, K Musgrave and Mrs S J Musgrave increased their loan to the company. As at 31 January 2015,
the company owed them £17,508 (2014: £51). This balance represented the maximum amount outstanding
during the year and the loan is interest free and repayable on demand.

During the year the company issued dividends as follows:

K Musgrave£8,178
Mrs S J Musgrave£30,500

Finally the company also paid rent amounting to £12,832 (2014: £1,394) to K Musgrave and Mrs S J Musgrave as
a result of utilising office space within their home.

Page 4