2022-10-01 05941172 2023-09-30 05941172 2022-10-01 2023-09-30 05941172 2022-09-30 05941172 2021-10-01 2022-09-30 05941172 uk-core:WithinOneYear 2022-09-30 05941172 uk-core:WithinOneYear 2023-09-30 05941172 uk-core:AfterOneYear 2022-09-30 05941172 uk-core:AfterOneYear 2023-09-30 05941172 uk-core:ShareCapital 2023-09-30 05941172 uk-core:ShareCapital 2022-09-30 05941172 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 05941172 uk-core:RetainedEarningsAccumulatedLosses 2022-09-30 05941172 uk-bus:Director1 2022-10-01 2023-09-30 05941172 uk-core:PlantMachinery 2022-10-01 2023-09-30 05941172 uk-core:MotorVehicles 2022-10-01 2023-09-30 05941172 uk-core:FurnitureFittings 2022-10-01 2023-09-30 05941172 uk-core:FurnitureFittings 2022-09-30 05941172 uk-core:MotorVehicles 2022-09-30 05941172 uk-core:LandBuildings 2022-09-30 05941172 uk-core:LandBuildings 2022-10-01 2023-09-30 05941172 uk-core:LandBuildings 2023-09-30 05941172 uk-core:MotorVehicles 2023-09-30 05941172 uk-core:FurnitureFittings 2023-09-30 iso4217:GBP xbrli:pure 05941172 uk-bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 05941172 uk-bus:FRS102 2022-10-01 2023-09-30 05941172 uk-bus:FilletedAccounts 2022-10-01 2023-09-30 05941172 uk-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30
Titan Bathrooms Limited
Registered Number:05941172
For the year ended 30 September 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2023
Titan Bathrooms Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
05941172
As at 30 September 2023
Titan Bathrooms Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
225,185
224,263
2
225,185
224,263
Current assets
Inventories
103,490
42,486
3
Trade and other receivables
3,880
12,789
4
38,949
Cash and cash equivalents
37,564
92,839
146,319
Trade and other payables: amounts falling due within one
year
(77,867)
(46,902)
5
68,452
45,937
Net current assets
Total assets less current liabilities
271,122
292,715
Trade and other payables: amounts falling due after more
than one year
(253,401)
(207,670)
6
63,452
Net assets
39,314
Capital and reserves
Called up share capital
100
100
Retained earnings
63,352
39,214
63,452
39,314
Shareholders' funds
For the year ended 30 September 2023 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 of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Imtiaz Ibrahim Patel Director
These financial statements were approved and authorised for issue by the Board on 26 December 2024 and were signed by:
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4
Registered Number :
05941172
For the year ended 30 September 2023
Titan Bathrooms Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 30 September 2023
Titan Bathrooms Limited
Notes to the Financial Statements
Statutory Information
Titan Bathrooms Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 05941172.
Registered address:
138 Albert Road
Farnworth
Bolton
Lancashire
BL4 9EL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20 Straight line
20 Straight line
Motor vehicles
10 Straight line
Fixtures and fittings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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6
For the year ended 30 September 2023
Titan Bathrooms Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 October 2022
262,318
21,962
47,229
193,127
29,458
1,708
27,750
-
Additions
-
(33,239)
-
Disposals
(33,239)
At 30 September 2023
193,127
41,740
23,670
258,537
Provision for depreciation and impairment
At 01 October 2022
38,055
21,962
16,093
-
Charge for year
8,592
244
8,348
-
(13,295)
-
(13,295)
-
On disposal
At 30 September 2023
33,352
22,206
11,146
-
At 30 September 2023
Net book value
193,127
30,594
1,464
225,185
At 30 September 2022
193,127
31,136
-
224,263
3. Inventories
2022
2023
£
£
Stocks
42,486
103,490
4. Trade and other receivables
2022
2023
£
£
Trade debtors
12,789
3,880
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
32,145
50,107
Taxation and social security
12,107
22,144
Other creditors
2,650
5,616
46,902
77,867
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7
For the year ended 30 September 2023
Titan Bathrooms Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
207,670
253,401
7. Average number of persons employed
During the year the average number of employees was 3 (2022 : 3)
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