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Company Registration No. 06292293 (England and Wales)
Titan Pro Limited Unaudited accounts for the year ended 30 June 2024
Titan Pro Limited Unaudited accounts Contents
Page
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Titan Pro Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,842 
4,355 
Current assets
Inventories
425,387 
587,233 
Cash at bank and in hand
132,072 
41,409 
557,459 
628,642 
Creditors: amounts falling due within one year
(74,390)
(68,341)
Net current assets
483,069 
560,301 
Net assets
486,911 
564,656 
Capital and reserves
Called up share capital
900 
900 
Profit and loss account
486,011 
563,756 
Shareholders' funds
486,911 
564,656 
For the year ending 30 June 2024 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 1 November 2024 and were signed on its behalf by
P F Mulholland Director Company Registration No. 06292293
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Titan Pro Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Titan Pro Limited is a private company, limited by shares, registered in England and Wales, registration number 06292293. The registered office is Unit 11, Wend-Al Road, Blandford Forum, Dorset, DT11 7FP.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
All fixed asses are initially recorded at cost. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Stocks
Stocks and work-in-progress 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 expenditure and an appropriate proportion of fixed and variable overheads.
Pension costs
Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are paid to the scheme.
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Titan Pro Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2023
22,461 
Additions
768 
At 30 June 2024
23,229 
Depreciation
At 1 July 2023
18,106 
Charge for the year
1,281 
At 30 June 2024
19,387 
Net book value
At 30 June 2024
3,842 
At 30 June 2023
4,355 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
33,030 
Trade creditors
25,021 
- 
Taxes and social security
33,589 
24,424 
Other creditors
5,498 
7,755 
Loans from directors
9,682 
2,532 
Accruals
600 
600 
74,390 
68,341 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
900 Ordinary shares of £1 each
900 
900 
7
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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