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Company Registration No. 11786367 (England and Wales)
Titan Waste Solutions Ltd Unaudited accounts for the year ended 31 January 2024
Titan Waste Solutions Ltd Unaudited accounts Contents
Page
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Titan Waste Solutions Ltd Company Information for the year ended 31 January 2024
Director
Mr J Scales
Company Number
11786367 (England and Wales)
Registered Office
The Annex of Shed 'A' Box Lane Barking Essex IG11 0SQ United Kingdom
Accountants
Deciphr Ltd Unit 11 Holts Court Threshers Bush Harlow Essex CM17 0NS
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Titan Waste Solutions Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,209,823 
2,228,663 
Current assets
Inventories
270,000 
305,000 
Debtors
668,430 
237,693 
Cash at bank and in hand
125,919 
180,178 
1,064,349 
722,871 
Creditors: amounts falling due within one year
(1,386,874)
(868,336)
Net current liabilities
(322,525)
(145,465)
Total assets less current liabilities
3,887,298 
2,083,198 
Creditors: amounts falling due after more than one year
(2,117,000)
(930,908)
Net assets
1,770,298 
1,152,290 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,770,198 
1,152,190 
Shareholders' funds
1,770,298 
1,152,290 
For the year ending 31 January 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 director acknowledges his 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 and authorised for issue on 18 November 2024 and were signed on its behalf by
Mr J Scales Director Company Registration No. 11786367
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Titan Waste Solutions Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Titan Waste Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 11786367. The registered office is The Annex of Shed 'A', Box Lane, Barking, Essex, IG11 0SQ, United Kingdom.
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 as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
2,166,121 
124,750 
2,290,871 
Additions
2,050,000 
- 
2,050,000 
At 31 January 2024
4,216,121 
124,750 
4,340,871 
Depreciation
At 1 February 2023
27,178 
35,030 
62,208 
Charge for the year
68,840 
- 
68,840 
At 31 January 2024
96,018 
35,030 
131,048 
Net book value
At 31 January 2024
4,120,103 
89,720 
4,209,823 
At 31 January 2023
2,138,943 
89,720 
2,228,663 
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Titan Waste Solutions Ltd Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
328,765 
98,028 
Other debtors
339,565 
139,565 
668,330 
237,593 
Amounts falling due after more than one year
Other debtors
100 
100 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
75,000 
- 
Obligations under finance leases and hire purchase contracts
571,043 
454,164 
Trade creditors
398,289 
351,630 
Taxes and social security
80,000 
- 
Other creditors
262,542 
62,542 
1,386,874 
868,336 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
1,982,000 
930,908 
Other creditors
135,000 
- 
2,117,000 
930,908 
8
Average number of employees
During the year the average number of employees was 15 (2023: 15).
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