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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
Page
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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
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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
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Titanium Drainage & Plumbing Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,524 
21,472 
Current assets
Debtors
3,700 
3,700 
Cash at bank and in hand
4,568 
3,977 
8,268 
7,677 
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)
Capital and reserves
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
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Titanium Drainage & Plumbing Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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.
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
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.
Turnover
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 
Depreciation
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 
Net book value
At 29 February 2024
6,723 
9,801 
16,524 
At 28 February 2023
8,404 
13,068 
21,472 
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Titanium Drainage & Plumbing Limited Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,700 
3,700 
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 
27,073 
31,509 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Accruals
1,530 
- 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Harvey Nicholas Curtis
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).
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