Company Registration No. 12437000 (England and Wales)
Titanium Drainage & Plumbing Limited
Unaudited accounts
for the year ended 29 February 2024
Titanium Drainage & Plumbing Limited
Unaudited accounts
Contents
Titanium Drainage & Plumbing Limited
Company Information
for the year ended 29 February 2024
Director
Harvey Nicholas Curtis
Company Number
12437000 (England and Wales)
Registered Office
Mablethorpe Business Centre
Enterprise Road
Mablethorpe
Lincolnshire
England
LN12 1NB
United Kingdom
Accountants
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
Titanium Drainage & Plumbing Limited
Accountants' report
Accountants' report to the director of Titanium Drainage & Plumbing Limited on the preparation of the unaudited statutory accounts for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Titanium Drainage & Plumbing Limited for the year ended
29 February 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Titanium Drainage & Plumbing Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Titanium Drainage & Plumbing Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Titanium Drainage & Plumbing Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Titanium Drainage & Plumbing Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Titanium Drainage & Plumbing Limited. You consider that Titanium Drainage & Plumbing Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Titanium Drainage & Plumbing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
29 October 2024
Titanium Drainage & Plumbing Limited
Statement of financial position
as at 29 February 2024
Tangible assets
16,524
21,472
Cash at bank and in hand
4,568
3,977
Creditors: amounts falling due within one year
(27,073)
(31,509)
Net current liabilities
(18,805)
(23,832)
Total assets less current liabilities
(2,281)
(2,360)
Creditors: amounts falling due after more than one year
(1,530)
-
Net liabilities
(3,811)
(2,360)
Called up share capital
1
1
Profit and loss account
(3,812)
(2,361)
Shareholders' funds
(3,811)
(2,360)
For the year ending 29 February 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 29 October 2024 and were signed on its behalf by
Harvey Nicholas Curtis
Director
Company Registration No. 12437000
Titanium Drainage & Plumbing Limited
Notes to the Accounts
for the year ended 29 February 2024
Titanium Drainage & Plumbing Limited is a private company, limited by shares, registered in England and Wales, registration number 12437000. The registered office is Mablethorpe Business Centre, Enterprise Road, Mablethorpe, Lincolnshire, England, LN12 1NB, 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.
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:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2023
16,064
18,450
34,514
At 29 February 2024
16,064
18,450
34,514
At 1 March 2023
7,660
5,382
13,042
Charge for the year
1,681
3,267
4,948
At 29 February 2024
9,341
8,649
17,990
At 29 February 2024
6,723
9,801
16,524
At 28 February 2023
8,404
13,068
21,472
Titanium Drainage & Plumbing Limited
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
6,800
6,800
Taxes and social security
1,123
302
Loans from directors
19,150
24,407
7
Creditors: amounts falling due after more than one year
2024
2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Accounts
(24,407)
(13,274)
(18,531)
(19,150)
(24,407)
(13,274)
(18,531)
(19,150)
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).