Registered number
11685803
TITAN 1812 LTD
Filleted Accounts
30 November 2023
TITAN 1812 LTD
Registered number: 11685803
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 22,500 27,000
Current assets
Debtors 4 28,735 28,735
Cash at bank and in hand 5,846 5,846
34,581 34,581
Creditors: amounts falling due within one year 5 (105,640) (61,063)
Net current liabilities (71,059) (26,482)
Total assets less current liabilities (48,559) 518
Creditors: amounts falling due after more than one year 6 (38,701) (38,701)
Net liabilities (87,260) (38,183)
Capital and reserves
Called up share capital 100 100
Profit and loss account (87,360) (38,283)
Shareholder's funds (87,260) (38,183)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Parkinson
Director
Approved by the board on 29 August 2024
TITAN 1812 LTD
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2022 45,000
At 30 November 2023 45,000
Amortisation
At 1 December 2022 18,000
Provided during the year 4,500
At 30 November 2023 22,500
Net book value
At 30 November 2023 22,500
At 30 November 2022 27,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Debtors 2023 2022
£ £
Other debtors 28,735 28,735
5 Creditors: amounts falling due within one year 2023 2022
£ £
Director current account 36,544 490
Taxation and social security costs 66,696 58,173
Other creditors 2,400 2,400
105,640 61,063
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 38,701 38,701
7 Other information
TITAN 1812 LTD is a private company limited by shares and incorporated in England. Its registered office is:
TITAN 1812 LTD 11685803 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts April 2024 C Parkinson No description of principal activity 11685803 2021-12-01 2022-11-30 11685803 core:WithinOneYear 2022-11-30 11685803 core:AfterOneYear 2022-11-30 11685803 core:ShareCapital 2022-11-30 11685803 core:RetainedEarningsAccumulatedLosses 2022-11-30 11685803 2022-12-01 2023-11-30 11685803 bus:RegisteredCharity 2022-12-01 2023-11-30 11685803 bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11685803 bus:Director40 2022-12-01 2023-11-30 11685803 core:Goodwill 2022-12-01 2023-11-30 11685803 countries:England 2022-12-01 2023-11-30 11685803 bus:FRS102 2022-12-01 2023-11-30 11685803 bus:FilletedAccounts 2022-12-01 2023-11-30 11685803 2023-11-30 11685803 core:WithinOneYear 2023-11-30 11685803 core:AfterOneYear 2023-11-30 11685803 core:ShareCapital 2023-11-30 11685803 core:RetainedEarningsAccumulatedLosses 2023-11-30 11685803 core:Goodwill 2023-11-30 11685803 2022-11-30 11685803 core:Goodwill 2022-11-30 iso4217:GBP xbrli:pure