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REGISTERED NUMBER: 07047997 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TITANIC MILL ENERGY SERVICES LIMITED

TITANIC MILL ENERGY SERVICES LIMITED (REGISTERED NUMBER: 07047997)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


TITANIC MILL ENERGY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 December 2023







DIRECTORS: W R Burton
D N Wilkinson
Mrs E Harrison
I D Bailey





REGISTERED OFFICE: 28 Kirkgate
Silsden
Keighley
BD20 0AL





REGISTERED NUMBER: 07047997 (England and Wales)





ACCOUNTANTS: Mills & Black
Derwent House
141-145 Dale Road
Matlock
Derbyshire
DE4 3LU

TITANIC MILL ENERGY SERVICES LIMITED (REGISTERED NUMBER: 07047997)

ABRIDGED BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 78,374 62,608

CURRENT ASSETS
Debtors 348,365 423,248
Cash at bank 84,185 4,019
432,550 427,267
CREDITORS
Amounts falling due within one year 106,304 75,544
NET CURRENT ASSETS 326,246 351,723
TOTAL ASSETS LESS CURRENT
LIABILITIES

404,620

414,331

CREDITORS
Amounts falling due after more than one
year

147,801

159,801
NET ASSETS 256,819 254,530

CAPITAL AND RESERVES
Called up share capital 4 4
Revaluation reserve 4 286,000 286,000
Retained earnings (29,185 ) (31,474 )
256,819 254,530

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

TITANIC MILL ENERGY SERVICES LIMITED (REGISTERED NUMBER: 07047997)

ABRIDGED BALANCE SHEET - continued
31 December 2023



The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





W R Burton - Director


TITANIC MILL ENERGY SERVICES LIMITED (REGISTERED NUMBER: 07047997)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2023

1. 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 as modified by the revaluation of certain assets.

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.
Plant and machinery etc - 10% 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
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
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

TITANIC MILL ENERGY SERVICES LIMITED (REGISTERED NUMBER: 07047997)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 December 2023

3. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 January 2023 469,653
Additions 28,798
At 31 December 2023 498,451
DEPRECIATION
At 1 January 2023 407,045
Charge for year 13,032
At 31 December 2023 420,077
NET BOOK VALUE
At 31 December 2023 78,374
At 31 December 2022 62,608

Cost or valuation at 31 December 2023 is represented by:

Totals
£   
Valuation in 2010 286,000
Cost 212,451
498,451

If plant and equipment had not been revalued 2010 would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 212,451 183,653
Aggregate depreciation 134,077 121,045

Plant and equipment were valued on an open market basis on 31 December 2010 by the directors .

4. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 286,000