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
Titan Waste Solutions Ltd
Company Information
for the year ended 31 January 2024
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
Titan Waste Solutions Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
4,209,823
2,228,663
Inventories
270,000
305,000
Cash at bank and in hand
125,919
180,178
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
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
Titan Waste Solutions Ltd
Notes to the Accounts
for the year ended 31 January 2024
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.
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 as modified by the revaluation of certain fixed assets.
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
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
At 31 January 2024
4,120,103
89,720
4,209,823
At 31 January 2023
2,138,943
89,720
2,228,663
Titan Waste Solutions Ltd
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Trade debtors
328,765
98,028
Other debtors
339,565
139,565
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
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
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
8
Average number of employees
During the year the average number of employees was 15 (2023: 15).