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Company Registration No. 12446157 (England and Wales)
TITAN MOBILE LIMITED Unaudited accounts for the period from 1 March 2022 to 31 May 2023
TITAN MOBILE LIMITED Unaudited accounts Contents
Page
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TITAN MOBILE LIMITED Company Information for the period from 1 March 2022 to 31 May 2023
Directors
T Buxton Blyth L Buxton Blyth V Blyth
Company Number
12446157 (England and Wales)
Registered Office
CORNERSTONE HOUSE MIDLAND WAY THORNBURY BRISTOL BS35 2BS UNITED KINGDOM
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TITAN MOBILE LIMITED Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
147 
196 
Current assets
Debtors
81,744 
44,622 
Cash at bank and in hand
3 
10,633 
81,747 
55,255 
Creditors: amounts falling due within one year
(59,723)
(55,445)
Net current assets/(liabilities)
22,024 
(190)
Total assets less current liabilities
22,171 
6 
Provisions for liabilities
Other provisions
(112,000)
- 
Net (liabilities)/assets
(89,829)
6 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(89,929)
(94)
Shareholders' funds
(89,829)
6 
For the period ending 31 May 2023 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 in accordance with section 476 of the Companies Act 2006.
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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2023 and were signed on its behalf by
T Buxton Blyth Director Company Registration No. 12446157
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TITAN MOBILE LIMITED Notes to the Accounts for the period from 1 March 2022 to 31 May 2023
1
Statutory information
TITAN MOBILE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12446157. The registered office is CORNERSTONE HOUSE MIDLAND WAY, THORNBURY, BRISTOL, BS35 2BS, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2022
350 
At 31 May 2023
350 
Depreciation
At 1 March 2022
154 
Charge for the period
49 
At 31 May 2023
203 
Net book value
At 31 May 2023
147 
At 28 February 2022
196 
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TITAN MOBILE LIMITED Notes to the Accounts for the period from 1 March 2022 to 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,591 
4,090 
Accrued income and prepayments
- 
1,050 
Other debtors
73,153 
39,482 
81,744 
44,622 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
49,335 
37,694 
Taxes and social security
133 
16,128 
Other creditors
8,632 
- 
Accruals
1,623 
1,623 
59,723 
55,445 
7
Provisions for liabilities
£ 
At 1 March 2022
- 
Additional provisions made during the period
112,000 
At 31 May 2023
112,000 
The compliance provision relates to an inherent risk associated with the operation of the business. The directors employed the services of a third-party consultant who identified the risk, and a report was undertaken in the year to assess the potential financial impact of this risk on the business. The amount was calculated based on currently available facts and applicable legislation. The directors are fully committed to addressing this risk and improvements have been thoroughly considered by the directors and the management team. A provision has been recorded in the accounts to reflect the expected costs associated with the findings and the directors plan to recalculate the risk on an annual basis: £112,000
8
Average number of employees
During the period the average number of employees was 2 (2022: 1).
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