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REGISTERED NUMBER: 11612165 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Titan Business Growth Ltd

Titan Business Growth Ltd (Registered number: 11612165)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Titan Business Growth Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Mr James Vincent



SECRETARY: Mrs Ceri Ffion Vincent



REGISTERED OFFICE: 7 Judes Park
East Markham
Newark
Nottinghamshire
NG22 0FF



REGISTERED NUMBER: 11612165 (England and Wales)



ACCOUNTANTS: Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



BANKERS: HSBC
31 Carolgate
Retford
Nottinghamshire
DN22 6DA

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Titan Business Growth Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Director's Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Titan Business Growth Ltd for the year ended 31 October 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Titan Business Growth Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Titan Business Growth Ltd and state those matters that we have agreed to state to the director of Titan Business Growth Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Titan Business Growth Ltd and its director for our work or for this report.

It is your duty to ensure that Titan Business Growth Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Titan Business Growth Ltd. You consider that Titan Business Growth Ltd 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 financial statements of Titan Business Growth Ltd. 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 financial statements.






Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR


26 April 2025

Titan Business Growth Ltd (Registered number: 11612165)

Balance Sheet
31 October 2024

31/10/24 31/10/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 90,479 107,915

CURRENT ASSETS
Debtors 5 13,584 6,438
Cash at bank 8,389 2,569
21,973 9,007
CREDITORS
Amounts falling due within one year 6 (88,633 ) (44,433 )
NET CURRENT LIABILITIES (66,660 ) (35,426 )
TOTAL ASSETS LESS CURRENT LIABILITIES 23,819 72,489

CREDITORS
Amounts falling due after more than one
year

7

(22,973

)

(89,631

)

PROVISIONS FOR LIABILITIES (13,420 ) (15,905 )
NET LIABILITIES (12,574 ) (33,047 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (12,575 ) (33,048 )
SHAREHOLDERS' FUNDS (12,574 ) (33,047 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Titan Business Growth Ltd (Registered number: 11612165)

Balance Sheet - continued
31 October 2024


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 director and authorised for issue on 26 April 2025 and were signed by:





Mr James Vincent - Director


Titan Business Growth Ltd (Registered number: 11612165)

Notes to the Financial Statements
for the Year Ended 31 October 2024


1. STATUTORY INFORMATION

Titan Business Growth 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on cost
Motor vehicles - 10% on cost
Computer equipment - 25% on cost

Tangible fixed assets are initially measured at cost. Subsequently, they are measured at cost less accumulated depreciation and impairment losses.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.

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 Business Growth Ltd (Registered number: 11612165)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


2. 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Going concern
The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing annual financial statements.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 5,012 147,847 15,023 167,882
Additions 489 - - 489
At 31 October 2024 5,501 147,847 15,023 168,371
DEPRECIATION
At 1 November 2023 4,009 45,638 10,320 59,967
Charge for year 435 14,784 2,706 17,925
At 31 October 2024 4,444 60,422 13,026 77,892
NET BOOK VALUE
At 31 October 2024 1,057 87,425 1,997 90,479
At 31 October 2023 1,003 102,209 4,703 107,915

Titan Business Growth Ltd (Registered number: 11612165)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2023
and 31 October 2024 147,847
DEPRECIATION
At 1 November 2023 45,638
Charge for year 14,784
At 31 October 2024 60,422
NET BOOK VALUE
At 31 October 2024 87,425
At 31 October 2023 102,209

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors 1,949 -
Other debtors 11,635 6,438
13,584 6,438

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Bank loans and overdrafts 8,782 8,565
Hire purchase contracts 65,067 20,354
Trade creditors 3,759 480
Taxation and social security 11,025 7,629
Other creditors - 7,405
88,633 44,433

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/10/24 31/10/23
£    £   
Bank loans 13,178 14,769
Hire purchase contracts 9,795 74,862
22,973 89,631

The bank loan is part of the bounce back loan scheme and is guaranteed by the UK Government.

Titan Business Growth Ltd (Registered number: 11612165)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

31/10/24 31/10/23
£    £   
Hire purchase contracts 74,862 95,216