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
Titan Pro Limited
Statement of financial position
as at 30 June 2024
Tangible assets
3,842
4,355
Inventories
425,387
587,233
Cash at bank and in hand
132,072
41,409
Creditors: amounts falling due within one year
(74,390)
(68,341)
Net current assets
483,069
560,301
Net assets
486,911
564,656
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
Titan Pro Limited
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
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 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.
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.
Titan Pro Limited
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
33,589
24,424
Other creditors
5,498
7,755
Loans from directors
9,682
2,532
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).