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TITANIUM MOBILE LIMITED

Registered Number
11185175
(England and Wales)

Unaudited Financial Statements for the Period ended
31 October 2024

TITANIUM MOBILE LIMITED
Company Information
for the period from 1 March 2024 to 31 October 2024

Director

Mr N R Witney

Registered Address

35 Napoleon Avenue
Farnborough
GU14 8LZ

Registered Number

11185175 (England and Wales)
TITANIUM MOBILE LIMITED
Balance Sheet as at
31 October 2024

Notes

31 Oct 2024

29 Feb 2024

£

£

£

£

Fixed assets
Tangible assets3-3,770
-3,770
Current assets
Debtors41,381146,705
Cash at bank and on hand32,47983,887
33,860230,592
Creditors amounts falling due within one year5(55,113)(60,490)
Net current assets (liabilities)(21,253)170,102
Total assets less current liabilities(21,253)173,872
Creditors amounts falling due after one year6(6,164)(12,963)
Provisions for liabilities7(836)(836)
Net assets(28,253)160,073
Capital and reserves
Profit and loss account(28,253)160,073
Shareholders' funds(28,253)160,073
The financial statements were approved and authorised for issue by the Director on 20 January 2025, and are signed on its behalf by:
Mr N R Witney
Director
Registered Company No. 11185175
TITANIUM MOBILE LIMITED
Notes to the Financial Statements
for the period ended 31 October 2024

1.Accounting policies
Statutory information
Titanium Mobile Ltd 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.
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. The financial statements have been prepared under the historical cost convention.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee 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.
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-10
Plant and machinery25-
Fixtures and fittings15-
Office Equipment-3
2.Average number of employees

20242024
Average number of employees during the year2430
3.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 March 242,8004,8183,6545,85017,122
Disposals(2,800)(4,818)(3,654)(5,850)(17,122)
Depreciation and impairment
At 01 March 241,7014,8183,6543,17913,352
On disposals(1,701)(4,818)(3,654)(3,179)(13,352)
Net book value
At 31 October 24-----
At 29 February 241,099--2,6713,770
4.Debtors: amounts due within one year

2024

2024

££
Trade debtors / trade receivables74299,017
Amounts owed by group undertakings-10,210
Other debtors63926,345
Prepayments and accrued income-11,133
Total1,381146,705
5.Creditors: amounts due within one year

2024

2024

££
Trade creditors / trade payables18,5825,200
Bank borrowings and overdrafts10,00010,000
Taxation and social security26,30042,556
Other creditors2312,734
Total55,11360,490
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2024

££
Bank borrowings and overdrafts6,16412,963
Total6,16412,963
7.Provisions for liabilities

2024

2024

££
Net deferred tax liability (asset)836836
Total836836