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Registered Number: 11744855
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 December 2023

for

HOTSPOT TITANIUM UK LTD

 
 
Notes
 
2023
£
  2022
£
Current assets
Inventories 237,921    246,443 
Debtors 161,435    159,444 
Cash at bank and in hand 64,628    125,501 
463,984    531,388 
Creditors: amount falling due within one year (872,436)   (543,379)
Net current assets (408,452)   (11,991)
 
Total assets less current liabilities (408,452)   (11,991)
Creditors: amount falling due after more than one year (230,280)   (608,476)
Net assets (638,732)   (620,467)
 

Capital and reserves
Called up share capital 100    100 
Profit and loss account (638,832)   (620,567)
Shareholders fund (638,732)   (620,467)
 
For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
Signed on behalf of the board of directors:


----------------------------------
Nathan Thomas Murphy
Director

Date approved: 23 September 2024
1
Statutory Information
HOTSPOT TITANIUM UK LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 11744855, registration address Secure Business Centre, Studley Road, Redditch, B98 7LG, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Going Concern
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
2.

Share Capital

Allotted
2023
£
  2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

3.

Average number of employees

Average number of employees during the year was 4  (2022: 3).
2