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REGISTERED NUMBER: 01599477 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Titan Enterprises Limited

Titan Enterprises Limited (Registered number: 01599477)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Titan Enterprises Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs J Forster
Mr J T Forster
Mrs K F Thomas





REGISTERED OFFICE: Unit 2
5A Coldharbour Business Park
Sherborne
Dorset
DT9 4JW





REGISTERED NUMBER: 01599477 (England and Wales)





ACCOUNTANTS: Silbury Accountants Limited
Chartered Accountants
Oak Apple House
North Street
Milborne Port
Sherborne
DT9 5EW

Titan Enterprises Limited (Registered number: 01599477)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 142,802 170,009

CURRENT ASSETS
Inventories 943,823 748,776
Debtors 5 356,417 250,298
Cash at bank 514,374 450,599
1,814,614 1,449,673
CREDITORS
Amounts falling due within one year 6 284,462 277,002
NET CURRENT ASSETS 1,530,152 1,172,671
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,672,954

1,342,680

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 1,672,952 1,342,678
SHAREHOLDERS' FUNDS 1,672,954 1,342,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2024 and were signed on its behalf by:





Mr J T Forster - Director


Titan Enterprises Limited (Registered number: 01599477)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Titan Enterprises Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 33% on cost and 10% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Titan Enterprises Limited (Registered number: 01599477)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 6,079 392,180 103,647 501,906
DEPRECIATION
At 1 April 2023 6,079 230,294 95,524 331,897
Charge for year - 19,621 7,586 27,207
At 31 March 2024 6,079 249,915 103,110 359,104
NET BOOK VALUE
At 31 March 2024 - 142,265 537 142,802
At 31 March 2023 - 161,886 8,123 170,009

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 345,200 229,412
Other debtors 11,217 20,886
356,417 250,298

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 209,677 200,997
Taxation and social security 44,383 51,493
Other creditors 30,402 24,512
284,462 277,002

7. LEASING AGREEMENTS
The total amount due under non-cancellable operating leases is £225,500 (2023 £276,500).

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2