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REGISTERED NUMBER: 11487769 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 July 2023

for

TITANS ROYALE LIMITED

TITANS ROYALE LIMITED (REGISTERED NUMBER: 11487769)






Contents of the Financial Statements
for the year ended 31 JULY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


TITANS ROYALE LIMITED

Company Information
for the year ended 31 JULY 2023







DIRECTOR: J L Wainwright





REGISTERED OFFICE: Office 8, First Floor, Premier Business
43-45 Sanders Road
Finedon Road Industrial Estate
Wellingborough
Northamptonshire
NN8 4NL





REGISTERED NUMBER: 11487769 (England and Wales)





ACCOUNTANTS: Coopers&Co Ltd
Thistledown Barn
204 Holcot Road
Sywell
Northampton
Northamptonshire
NN6 0BG

TITANS ROYALE LIMITED (REGISTERED NUMBER: 11487769)

Abridged Balance Sheet
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93,253 17,658

CURRENT ASSETS
Debtors 46,829 346,168
Cash at bank 6,988 52,313
53,817 398,481
CREDITORS
Amounts falling due within one year 325,980 370,806
NET CURRENT (LIABILITIES)/ASSETS (272,163 ) 27,675
TOTAL ASSETS LESS CURRENT
LIABILITIES

(178,910

)

45,333

CREDITORS
Amounts falling due after more than one
year

(83,077

)

(28,333

)

PROVISIONS FOR LIABILITIES - (3,717 )
NET (LIABILITIES)/ASSETS (261,987 ) 13,283

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings (262,087 ) 13,183
SHAREHOLDERS' FUNDS (261,987 ) 13,283

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 15 April 2024 and were signed by:




J L Wainwright - Director


TITANS ROYALE LIMITED (REGISTERED NUMBER: 11487769)

Notes to the Financial Statements
for the year ended 31 JULY 2023

1. STATUTORY INFORMATION

Titans Royale Limited 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 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
Contributions are made into an independently operated pension scheme and are charged to the profit or loss in the period to which they relate.

3. EMPLOYEES

The average number of employees during the year was 8 (2022 - 8 ) .

TITANS ROYALE LIMITED (REGISTERED NUMBER: 11487769)

Notes to the Financial Statements - continued
for the year ended 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 155,619
Additions 97,307
Disposals (77,619 )
At 31 July 2023 175,307
DEPRECIATION
At 1 August 2022 137,961
Charge for year 7,304
Eliminated on disposal (63,211 )
At 31 July 2023 82,054
NET BOOK VALUE
At 31 July 2023 93,253
At 31 July 2022 17,658

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
Additions 97,307
At 31 July 2023 97,307
DEPRECIATION
Charge for year 4,054
At 31 July 2023 4,054
NET BOOK VALUE
At 31 July 2023 93,253

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary A 1 50 50
50 Ordinary B 1 50 50
100 100