2022-10-012023-09-302023-09-30false10976306TITHONUS 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TITHONUS LTD

Registered Number
10976306
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2023

TITHONUS LTD
Company Information
for the year from 1 October 2022 to 30 September 2023

Directors

FYSON, Henry Jonathan
MULLAN, Geoffrey Patrick, Dr

Registered Address

Studio123 Grand Union Studios
332 Ladbroke Grove
London
W10 5AD

Registered Number

10976306 (England and Wales)
TITHONUS LTD
Balance Sheet as at
30 September 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3255339
255339
Current assets
Stocks47,5746,934
Debtors524,03512,097
Cash at bank and on hand9,24036,877
40,84955,908
Creditors amounts falling due within one year6(89,448)(90,304)
Net current assets (liabilities)(48,599)(34,396)
Total assets less current liabilities(48,344)(34,057)
Creditors amounts falling due after one year7(36,365)(41,993)
Net assets(84,709)(76,050)
Capital and reserves
Called up share capital111111
Share premium162,930162,930
Profit and loss account(247,750)(239,091)
Shareholders' funds(84,709)(76,050)
The financial statements were approved and authorised for issue by the Board of Directors on 12 April 2024, and are signed on its behalf by:
FYSON, Henry Jonathan
Director
Registered Company No. 10976306
TITHONUS LTD
Notes to the Financial Statements
for the year ended 30 September 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment5
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.
2.Average number of employees

20232022
Average number of employees during the year32
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 October 22420420
At 30 September 23420420
Depreciation and impairment
At 01 October 228181
Charge for year8484
At 30 September 23165165
Net book value
At 30 September 23255255
At 30 September 22339339
4.Stocks

2023

2022

££
Other stocks7,5746,934
Total7,5746,934
5.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables11,8611,470
Other debtors7,4517,036
Prepayments and accrued income4,7233,591
Total24,03512,097
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables8,17610,069
Bank borrowings and overdrafts6,2175,937
Taxation and social security4,3071,578
Other creditors70,74872,720
Total89,44890,304
7.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts36,36541,993
Total36,36541,993