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Company Registration No. 12375061 (England and Wales)
Titan Inc. Limited Unaudited accounts for the year ended 31 December 2023
Titan Inc. Limited Unaudited accounts Contents
Page
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Titan Inc. Limited Company Information for the year ended 31 December 2023
Directors
Charles Hodge Lee Tadd
Company Number
12375061 (England and Wales)
Registered Office
BUTLERS COTTAGE FELBRIGG HALL NORWICH NR11 8PR
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Titan Inc. Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,240 
18,761 
Current assets
Debtors
629,411 
424,466 
Cash at bank and in hand
148,037 
26,225 
777,448 
450,691 
Creditors: amounts falling due within one year
(359,193)
(155,204)
Net current assets
418,255 
295,487 
Net assets
436,495 
314,248 
Capital and reserves
Profit and loss account
436,495 
314,248 
Shareholders' funds
436,495 
314,248 
For the year ending 31 December 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 9 August 2024 and were signed on its behalf by
Lee Tadd Director Company Registration No. 12375061
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Titan Inc. Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Titan Inc. Limited is a private company, limited by shares, registered in England and Wales, registration number 12375061. The registered office is BUTLERS COTTAGE, FELBRIGG HALL, NORWICH, NR11 8PR.
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 year, 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:
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
17,991 
32,544 
50,535 
Additions
- 
11,014 
11,014 
At 31 December 2023
17,991 
43,558 
61,549 
Depreciation
At 1 January 2023
17,991 
13,783 
31,774 
Charge for the year
- 
11,535 
11,535 
At 31 December 2023
17,991 
25,318 
43,309 
Net book value
At 31 December 2023
- 
18,240 
18,240 
At 31 December 2022
- 
18,761 
18,761 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
6,920 
6,292 
Trade debtors
622,491 
418,174 
629,411 
424,466 
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Titan Inc. Limited Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
29,820 
40,252 
Taxes and social security
118,890 
114,952 
Deferred income
210,483 
- 
359,193 
155,204 
7
Average number of employees
During the year the average number of employees was 22 (2022: 13).
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