Caseware UK (AP4) 2023.0.135 2023.0.135 true2023-01-01falseprovision of graphic design services11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08301283 2023-01-01 2023-12-31 08301283 2022-01-01 2022-12-31 08301283 2023-12-31 08301283 2022-12-31 08301283 c:Director1 2023-01-01 2023-12-31 08301283 c:RegisteredOffice 2023-01-01 2023-12-31 08301283 d:OfficeEquipment 2023-01-01 2023-12-31 08301283 d:OfficeEquipment d:BottomRangeValue 2023-01-01 2023-12-31 08301283 d:OfficeEquipment d:TopRangeValue 2023-01-01 2023-12-31 08301283 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 08301283 d:OtherPropertyPlantEquipment 2023-12-31 08301283 d:OtherPropertyPlantEquipment 2022-12-31 08301283 d:CurrentFinancialInstruments 2023-12-31 08301283 d:CurrentFinancialInstruments 2022-12-31 08301283 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 08301283 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 08301283 d:UKTax 2023-01-01 2023-12-31 08301283 d:UKTax 2022-01-01 2022-12-31 08301283 d:ShareCapital 2023-12-31 08301283 d:ShareCapital 2022-12-31 08301283 d:RetainedEarningsAccumulatedLosses 2023-12-31 08301283 d:RetainedEarningsAccumulatedLosses 2022-12-31 08301283 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 08301283 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 08301283 c:OrdinaryShareClass1 2023-01-01 2023-12-31 08301283 c:OrdinaryShareClass1 2023-12-31 08301283 c:OrdinaryShareClass1 2022-12-31 08301283 c:FRS102 2023-01-01 2023-12-31 08301283 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08301283 c:FullAccounts 2023-01-01 2023-12-31 08301283 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08301283

















Titan Designs (UK) Ltd
Financial Statements
Information For Filing With The Registrar
For The Year Ended 31 December 2023

 
Titan Designs (UK) Ltd
 
 
Company Information


Director
Leonard C Rogers 




Registered number
08301283



Registered office
20 Vallansgate

Stevenage

SG2 8PY





 
Titan Designs (UK) Ltd
 

Contents



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 7


 
Titan Designs (UK) Ltd
Registered number:08301283

Statement of Financial Position
As at 31 December 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 5 
841
1,299

  
841
1,299

Current assets
  

Debtors: amounts falling due within one year
 6 
4,366
6,780

Cash at bank and in hand
 7 
97,594
84,877

  
101,960
91,657

Creditors: amounts falling due within one year
 8 
(16,746)
(11,541)

Net current assets
  
 
 
85,214
 
 
80,116

Total assets less current liabilities
  
86,055
81,415

  

Net assets
  
86,055
81,415

Page 1

 
Titan Designs (UK) Ltd
Registered number:08301283
    
Statement of Financial Position (continued)
As at 31 December 2023

2023
2023
2022
2022
Note
£
£
£
£

Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
85,955
81,315

  
86,055
81,415


The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



Leonard C Rogers
Director

Date: 16 August 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
Titan Designs (UK) Ltd
 
 
Notes To The Financial Statements
For The Year Ended 31 December 2023

1.


General information

Titan Designs (UK) Limited is a private company, limited by shares, domiciled in England and Wales, registration number 08301283.  The registered office and principal place of business is 20 Vallansgate Stevenage SG2 8PY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 3

 
Titan Designs (UK) Ltd
 
 
Notes To The Financial Statements
For The Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Office equipment
-
2
-
5
years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
Titan Designs (UK) Ltd
 
 
Notes To The Financial Statements
For The Year Ended 31 December 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Taxation


2023
2022
£
£

Corporation tax


Current tax on profits for the year
13,959
9,010


Total current tax
13,959
9,010

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of  19% (2022 - 19%).



Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 5

 
Titan Designs (UK) Ltd
 
 
Notes To The Financial Statements
For The Year Ended 31 December 2023

5.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 January 2023
4,836



At 31 December 2023

4,836



Depreciation


At 1 January 2023
3,537


Disposals
458



At 31 December 2023

3,995



Net book value



At 31 December 2023
841



At 31 December 2022
1,299


6.


Debtors

2023
2022
£
£


Trade debtors
-
2,780

Other debtors
4,000
4,000

Tax recoverable
366
-

4,366
6,780



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
97,594
84,877


Page 6

 
Titan Designs (UK) Ltd
 
 
Notes To The Financial Statements
For The Year Ended 31 December 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
76
61

Corporation tax
13,959
9,010

Other taxation and social security
45
155

Other creditors
1,566
1,215

Accruals and deferred income
1,100
1,100

16,746
11,541



9.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
97,594
84,877




10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


 
Page 7