IRIS Accounts Production v24.3.0.553 14403753 Board of Directors 1.4.23 31.3.24 31.3.24 15.11.24 false true false false true false Auditors Opinion ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh144037532023-03-31144037532024-03-31144037532023-04-012024-03-31144037532022-10-06144037532022-10-072023-03-31144037532023-03-3114403753ns15:EnglandWales2023-04-012024-03-3114403753ns14:PoundSterling2023-04-012024-03-3114403753ns10:Director12023-04-012024-03-3114403753ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3114403753ns10:SmallEntities2023-04-012024-03-3114403753ns10:Audited2023-04-012024-03-3114403753ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3114403753ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3114403753ns10:FullAccounts2023-04-012024-03-3114403753ns10:OrdinaryShareClass12023-04-012024-03-3114403753ns10:Director22023-04-012024-03-3114403753ns10:Director32023-04-012024-03-3114403753ns10:Director42023-04-012024-03-3114403753ns10:CompanySecretary12023-04-012024-03-3114403753ns10:RegisteredOffice2023-04-012024-03-3114403753ns5:CurrentFinancialInstruments2024-03-3114403753ns5:CurrentFinancialInstruments2023-03-3114403753ns5:ShareCapital2024-03-3114403753ns5:ShareCapital2023-03-3114403753ns5:RetainedEarningsAccumulatedLosses2024-03-3114403753ns5:RetainedEarningsAccumulatedLosses2023-03-3114403753ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3114403753ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3114403753ns10:OrdinaryShareClass12024-03-311440375312023-04-012024-03-31
REGISTERED NUMBER: 14403753 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

TITAN SITE SOLUTIONS LIMITED

TITAN SITE SOLUTIONS LIMITED (REGISTERED NUMBER: 14403753)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TITAN SITE SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M C Ketcher
K D Montgomery
J Spratt
D Forder





SECRETARY: Ms L J Shirley





REGISTERED OFFICE: NRS House Site 7
Meriden Park
Cornets End Lane
Meriden
CV7 7LG





REGISTERED NUMBER: 14403753 (England and Wales)





AUDITORS: D.R.E. & Co. (Audit) Limited
Kingsland House
39 Abbey Foregate
Shrewsbury
Shropshire
SY2 6BL

TITAN SITE SOLUTIONS LIMITED (REGISTERED NUMBER: 14403753)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 5 2,313,247 1,919,268
Cash at bank 451,768 203,399
2,765,015 2,122,667
CREDITORS
Amounts falling due within one year 6 1,884,973 1,884,251
NET CURRENT ASSETS 880,042 238,416
TOTAL ASSETS LESS CURRENT
LIABILITIES

880,042

238,416

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 879,942 238,316
SHAREHOLDERS' FUNDS 880,042 238,416

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 15 November 2024 and were signed on its behalf by:





M C Ketcher - Director


TITAN SITE SOLUTIONS LIMITED (REGISTERED NUMBER: 14403753)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

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

The principal place of business is Meriden Park, Cornets End Lane, Meriden, CV7 7LG.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

These financial statements are for the individual entity only.

The financial statements are presented in Sterling (£), rounded to the nearest £1.

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

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including cash at bank, trade debtors, amounts owed by related parties and other debtors, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

(ii) Financial liabilities

Basic financial liabilities, including trade creditors and amounts owed to related parties, are initially recognised at transaction price and subsequently carried at amortised cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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 balance sheet date.


TITAN SITE SOLUTIONS LIMITED (REGISTERED NUMBER: 14403753)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 2 ) .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,957,164 1,908,640
Amounts owed by group undertakings 349,781 6,007
Amounts owed by related parties 1,412 2,279
Prepayments and accrued income 4,890 2,342
2,313,247 1,919,268

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 733,661 273,897
Amounts owed to group undertakings 974,138 1,127,336
VAT 56,033 115,665
Accrued expenses 121,141 367,353
1,884,973 1,884,251

7. SECURED DEBTS

Any debt owed to Natural Resource Services Holding Company Ltd is secured by a debenture dated 25 January 2023 between Titan Site Solutions Limited and Natural Resource Services Holding Company Limited with a fixed and floating charge over all assets currently or at any time afterwards owned by the company. The amount owed by the company at the year end was £488,988 (2023: £716,899).

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 ordinary £1 100 100

Ordinary shares are entitled to full voting rights and dividends.

TITAN SITE SOLUTIONS LIMITED (REGISTERED NUMBER: 14403753)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Francis Nock F.C.C.A (Senior Statutory Auditor)
for and on behalf of D.R.E. & Co. (Audit) Limited

10. RELATED PARTY DISCLOSURES

During the period, transactions occurred between Titan Site Solutions Limited and companies that were related due to being under the control of key management personnel of the company. Details of these transactions are as follows:

2024 2023
£ £
Sales to related party 13,390 9,047
Amounts due from related party 1,412 2,279

During the period, transactions occurred between Titan Site Solutions Limited and other group companies. Details of these transactions are as follows:

2024 2023
£ £
Sales to related party 1,327,421 131,532
Purchases from related party 3,383,907 1,016,589
Interest paid to related party 47,215 5,428
Amounts due from related party 349,781 6,007
Amounts due to related party 974,138 1,127,336

The immediate parent company is Natural Resource Services Holding Company Limited which is also the parent
of the smallest group for which consolidated financial statements are prepared, which include Titan Site
Solutions Limited. The registered office of the immediate parent company is the same as that of Titan Site
Solutions Limited. Group accounts are freely available from Companies House.

The ultimate parent company is LAF Holdings Limited. LAF Holdings Limited is the parent of the largest group
for which consolidated financial statements are prepared which include Titan Site Solutions Limited. The
registered office of the ultimate parent company is The Mill, Morton, Oswestry, Shropshire, SY10 8BH. Group
accounts are freely available from Companies House.

11. POST BALANCE SHEET EVENTS

On 30 April 2024 an interim dividend in respect of the year ended 31 March 2025 of £2,000 per share was declared.

12. ULTIMATE CONTROLLING PARTY

The ultimate parent company is LAF Holdings Limited, by way of its majority shareholding in the parent company. No one person has ultimate control.