Totality UK Limited,Ltd - AccountsLtd - Accounts

TOTALITY UK LIMITED - Company Information

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Totality UK Limited

Registered Number:04811698

For the year ended 31 December 2017

England and Wales

Report of the Directors and Unaudited Financial Statements

For the year ended 31 December 2017

Totality UK Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 31 December 2017

Totality UK Limited

Statement of Financial Position

Registered Number :

04811698

2016

2017

Notes

Fixed assets

Property, plant and equipment

23,155

30,873

Financial assets

457,301

202,301

225,456

488,174

Current assets

Inventories

157,575

123,035

Trade and other receivables

240,808

339,055

77,227

Cash and cash equivalents

181,264

643,354

475,610

Trade and other payables: amounts falling due within one year

(324,379)

(357,374)

151,231

285,980

Net current assets

Total assets less current liabilities

511,436

639,405

Trade and other payables: amounts falling due after more than one

year

(110,627)

511,436

Net assets

528,778

Capital and reserves

Called up share capital

Revaluation reserve

(101,999)

Retained earnings

613,433

528,776

511,436

528,778

Shareholders' funds

For the year ended 31 December 2017 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 of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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For the year ended 31 December 2017

Totality UK Limited

Statement of Financial Position Continued

E.C. Abel Director

N.S. Jones Director

These financial statements were approved and authorised for issue by the Board on 28 February 2018 and were signed by:

The notes form part of these financial statements

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For the year ended 31 December 2017

Totality UK Limited

Notes to the Financial Statements

Statutory Information

Totality UK Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number

04811698.

Registered address:

215 Great Western Studios

65 Alfred Road

London

W2 5EU

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting

Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain

assets.

Revenue recognition

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.

Property, plant and equipment

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

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For the year ended 31 December 2017

Totality UK Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Computer

equipment

Cost or valuation

At 01 January 2017

132,647

At 31 December 2017

132,647

Provision for depreciation and impairment

At 01 January 2017

101,774

Charge for year

7,718

At 31 December 2017

109,492

At 31 December 2017

Net book value

23,155

At 31 December 2016

30,873

3. Investments held as fixed assets

Other investments

Total

At 01 January 2017

457,301

Cost

1,940

Additions

Disposals/Repayments

(154,940)

(102,000)

Revaluations

At 31 December 2017

202,301

At 31 December 2017

Net book value

202,301

At 01 January 2017

457,301

4. Inventories

2016

2017

Stocks

123,035

157,575

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For the year ended 31 December 2017

Totality UK Limited

Notes to the Financial Statements Continued

5. Trade and other receivables

2016

2017

Trade debtors

126,045

219,674

Amounts owed by group undertakings and participating interests

181,278

Other debtors

31,732

21,134

240,808

339,055

6. Trade and other payables: amounts falling due within one year

2016

2017

Trade creditors

194,825

127,564

Taxation and social security

152,988

143,901

Other creditors

9,561

52,914

357,374

324,379

7. Trade and other payables: amounts falling due after more than one year

2016

2017

Amounts owed to group undertaking and undertaking in which the

company has a participating interest

110,627

8. Reserves

Total

Revaluation reserve at 01 January 2017

Revaluation of fixed assets

(101,999)

Revaluation reserve at 31 December 2017

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