Totem Consultants Ltd - Limited company - abbreviated - 11.6
Totem Consultants Ltd - Limited company - abbreviated - 11.6
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2014 |
FOR |
TOTEM CONSULTANTS LTD |
TOTEM CONSULTANTS LTD (REGISTERED NUMBER: 07471303) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JANUARY 2014 |
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 2014 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
TOTEM CONSULTANTS LTD (REGISTERED NUMBER: 07471303) |
ABBREVIATED BALANCE SHEET |
31 JANUARY 2014 |
2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors on |
TOTEM CONSULTANTS LTD (REGISTERED NUMBER: 07471303) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JANUARY 2014 |
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 |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
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 2013 |
Additions |
At 31 January 2014 |
DEPRECIATION |
At 1 February 2013 |
Charge for year |
At 31 January 2014 |
NET BOOK VALUE |
At 31 January 2014 |
At 31 January 2013 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
Ordinary | £1 |
TOTEM CONSULTANTS LTD (REGISTERED NUMBER: 07471303) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2014 |
4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
During the year, K Musgrave and Mrs S J Musgrave decreased their loan to the company. As at 31 January 2014, |
the company owed them £51 (2013: £26,257). 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 | £35,820 |
Mrs S J Musgrave | £35,820 |
Finally the company also paid rent amounting to £1,394 (2013: £6,909) to K Musgrave and Mrs S J Musgrave as a |
result of utilising office space within their home. |