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REGISTERED NUMBER: 08954686















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Titusx Universal Group Ltd

Titusx Universal Group Ltd (Registered number: 08954686)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Titusx Universal Group Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: T A Poulton





SECRETARY: Mrs T R Poulton





REGISTERED OFFICE: Myrtle House
High Street
HENFIELD
West Sussex
BN5 9DA





REGISTERED NUMBER: 08954686





ACCOUNTANTS: Michael Finn & Co
Myrtle House
High Street
HENFIELD
West Sussex
BN5 9DA

Titusx Universal Group Ltd (Registered number: 08954686)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 500 1,000
Tangible assets 5 1,320 1,261
1,820 2,261

CURRENT ASSETS
Debtors 6 23,317 7,275
Cash at bank 2,938 4,436
26,255 11,711
CREDITORS
Amounts falling due within one year 7 13,104 8,417
NET CURRENT ASSETS 13,151 3,294
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,971

5,555

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,871 5,455
SHAREHOLDERS' FUNDS 14,971 5,555

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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

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

The financial statements were approved by the director and authorised for issue on 2 November 2023 and were signed by:





T A Poulton - Director


Titusx Universal Group Ltd (Registered number: 08954686)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Titusx Universal Group Ltd is a private company, limited by shares , registered in Not specified/Other. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer & other equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Titusx Universal Group Ltd (Registered number: 08954686)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 5,000
AMORTISATION
At 1 April 2022 4,000
Charge for year 500
At 31 March 2023 4,500
NET BOOK VALUE
At 31 March 2023 500
At 31 March 2022 1,000

5. TANGIBLE FIXED ASSETS
Fixtures Computer
Plant and and & other
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 489 - 6,418 6,907
Additions - 460 - 460
Disposals (489 ) - - (489 )
At 31 March 2023 - 460 6,418 6,878
DEPRECIATION
At 1 April 2022 374 - 5,272 5,646
Charge for year 115 - 286 401
Eliminated on disposal (489 ) - - (489 )
At 31 March 2023 - - 5,558 5,558
NET BOOK VALUE
At 31 March 2023 - 460 860 1,320
At 31 March 2022 115 - 1,146 1,261

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 7,275 7,275
Directors' current accounts 16,042 -
23,317 7,275

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 10,944 6,336
Directors' current accounts - 281
Accrued expenses 2,160 1,800
13,104 8,417

Titusx Universal Group Ltd (Registered number: 08954686)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
T A Poulton
Balance outstanding at start of year - -
Amounts advanced 16,042 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,042 -