Total Protection (Fire & Sealing Solutio - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08454812 (England and Wales)

Financial Statements

for the Year Ended 31st March 2018

for

TOTAL PROTECTION (FIRE & SEALING

SOLUTIONS) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M J Morley

Mr G S J Bollen

SECRETARY:

Mr G J Raven

REGISTERED OFFICE:

Monometer House

Rectory Grove

Leigh on Sea

Essex

SS9 2HN

BUSINESS ADDRESS:

The Coach House

West Hanningfield Road

Baddow Park

Chelmsford

Essex

CM2 7SY

REGISTERED NUMBER:

08454812 (England and Wales)

AUDITORS:

CBHC Limited Statutory Auditors

Suite 3, First Floor

The Hamilton Centre

Rodney Way

Chelmsford

Essex

CM1 3BY

FIXED ASSETS

Tangible assets

4

22,069

-

CURRENT ASSETS

Stocks

14,295

2,726

Debtors

5

250,354

158,118

Cash at bank and in hand

40,966

12,252

305,615

173,096

CREDITORS

Amounts falling due within one year

6

215,559

108,023

NET CURRENT ASSETS

90,056

65,073

TOTAL ASSETS LESS CURRENT LIABILITIES

112,125

65,073

CREDITORS

Amounts falling due after more than one year

7

(5,276

)

-

PROVISIONS FOR LIABILITIES

(4,193

)

-

NET ASSETS

102,656

65,073

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

102,556

64,973

SHAREHOLDERS' FUNDS

102,656

65,073

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 21st December 2018 and were signed on its behalf by:

Mr M J Morley - Director

1.	STATUTORY INFORMATION

Total Protection (Fire & Sealing Solutions) Ltd is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

The turnover is measured as the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes. The following criteria must also be met before the revenue is

recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

-

the Company has transferred the significant risks and rewards of ownership to the buyer;

-

the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

-

the amount of revenue can be measured reliably;

-

it is probable that the Company will receive the consideration due under the transaction; and

-

the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in

accordance with the stage of completion of the contract when all of the following conditions are satisfied:

-

the amount of revenue can be measured reliably;

-

it is probable that the Company will receive the consideration due under the contract;

-

the stage of completion of the contract at the end of the reporting period can be measured reliably; and

-

the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment

losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and

condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less residual value over their estimated useful lives,

using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Motor vehicles

- 25% Straight line

Computer equipment

- 25% Straight line

The asset's residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if

appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are

recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on

the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and

attributable overheads.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss in the period to which they relate.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial

assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to

related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for

objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised

in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an

enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise

the asset and settle the liability simultaneously.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the

arrangement constitutes a financing transaction, where the transaction is measured at the present value of the

future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost

using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and

other short-term highly liquid investments that mature in no more than three months from the date of acquisition

and that are readily convertible to known amount of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related

parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction,

where the debt instrument is measured at the present value of the future payments discounted at a market rate of

interest. Such instruments are subsequently carried at amortised cost using effective interest method, less any

impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

24,943

At 31st March 2018

24,943

DEPRECIATION

Charge for year

2,874

At 31st March 2018

2,874

NET BOOK VALUE

At 31st March 2018

22,069

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

(Unaudited)

£

£

Trade debtors

235,005

138,147

Amounts owed by group undertakings

-

18,780

Other debtors

15,349

1,191

250,354

158,118

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

(Unaudited)

£

£

Hire purchase contracts

3,514

-

Trade creditors

30,416

40,619

Amounts owed to group undertakings

131,236

-

Taxation and social security

14,960

25,319

Other creditors

35,433

42,085

215,559

108,023

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

(Unaudited)

£

£

Hire purchase contracts

5,276

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

(Unaudited)

£

£

Hire purchase contracts

8,790

-

The hire purchase liability is secured against the assets to which they relate.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Without modifying our opinion we wish to highlight that the corresponding figures are unaudited.

Peter Sartain FCCA (Senior Statutory Auditor)

for and on behalf of CBHC Limited Statutory Auditors

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

11.	ULTIMATE PARENT COMPANY

Total Protection (Holdings) Limited is the ultimate parent company for the current and preceding year due to its

shareholding in the company. Total Protection (Holdings) Limited prepares consolidated financial statements

and these may be obtained from their registered office at Monometer House, Rectory Grove, Leigh on Sea,

Essex, SS9 2HL.