Totality UK Limited,Ltd - Accounts

Totality UK Limited,Ltd - Accounts

TOTALITY UK LIMITED - Company Information

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2013-02-01 true false Private Limited Company 04811698 2014-01-31 04811698 2013-02-01 2014-01-31 04811698 2013-01-31 04811698 2012-02-01 2013-01-31 04811698 uk-bus:Director1 2013-02-01 2014-01-31 04811698 uk-gaap:OfficeEquipment 2013-02-01 2014-01-31 04811698 uk-gaap:ComputerEquipment 2013-02-01 2014-01-31 iso4217:GBP
Totality UK Limited
For the year ended 31 January 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04811698
2
Contents Page
Totality UK Limited
For the year ended 31 January 2014
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Totality UK Limited
As at 31 January 2014
04811698
Registered Number :
£
£
2014
Notes
2013
Fixed assets
Intangible assets
2
120,000
-
Tangible assets
3
26,012
24,790
146,012
24,790
Current assets
Debtors
239,883
205,414
Investments
224,420
307,430
Cash at bank and in hand
24,879
20,276
537,723
484,579
Creditors: amounts falling due within one year
(201,583)
(389,196)
282,996
148,527
Net current assets
Total assets less current liabilities
294,539
307,786
294,539
Net assets
307,786
Capital and reserves
Called up share capital
2
2
Profit and loss account
294,537
307,784
294,539
307,786
Shareholders funds
For the year ended 31 January 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Date approved by the board: 14 October 2014
E.C. Abel Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
Totality UK Limited
For the year ended 31 January 2014
1 Accounting Policies
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
Computer Equipment
25% Reducing balance
Current asset investments
Current asset investments are stated at the lower of cost and net realisable value.
2 Intangible fixed assets
Cost or valuation
Intangible fixed
assets
£
Additions
180,000
180,000
At 31 January 2014
Amortisation
60,000
Charge for year
60,000
At 31 January 2014
120,000
Net Book Values
At 31 January 2014
2 of 3
5
Notes to the Abbreviated Financial Statements
Totality UK Limited
For the year ended 31 January 2014
3 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
86,989
At 01 February 2013
9,893
Additions
At 31 January 2014
96,882
Depreciation
62,199
At 01 February 2013
8,671
Charge for year
70,870
At 31 January 2014
Net book values
At 31 January 2014
26,012
24,790
At 31 January 2013
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