Total Developments Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05624248

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 DECEMBER 2012 TO 31 MAY 2014

FOR

TOTAL DEVELOPMENTS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr A Savva

Mrs D Savva

SECRETARY:

Mr A Savva

REGISTERED OFFICE:

869 High Road

London

N12 8QA

REGISTERED NUMBER:

05624248

ACCOUNTANTS:

EA Associates

Chartered Accountants

869 High Road

London

N12 8QA

CURRENT ASSETS

Stocks

31,957

-

Debtors

801,665

756,650

Cash at bank

96,629

2,010

930,251

758,660

CREDITORS

Amounts falling due within one year

58,318

15,766

NET CURRENT ASSETS

871,933

742,894

TOTAL ASSETS LESS CURRENT LIABILITIES

871,933

742,894

CAPITAL AND RESERVES

Called up share capital

2

1,000

1,000

Profit and loss account

870,933

741,894

SHAREHOLDERS' FUNDS

871,933

742,894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2014 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 10 December 2014 and were signed on its behalf by:

Mr A Savva - Director

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 net invoiced sales of goods, excluding value added tax.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2012

value:

£

£

1,000

Ordinary

£1

1,000

1,000

3.	TRANSACTIONS WITH DIRECTORS

The following loan to a director subsisted during the period ended 31 May 2014 and the year ended

30 November 2012:

2014

2012

£

£

Mr A Savva

Balance outstanding at start of period

756,650

(76,678

)

Amounts repaid

-

(58,000

)

Balance outstanding at end of period

153,443

756,650

During the period, the company charged interest at a commercial rate, amounting to £22,831 (2012:

£27,821), to the director on his overdrawn loan account.