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Company Registration No. 07768446 (England and Wales)
TITAN AUTOMATION LTD Unaudited accounts for the year ended 31 August 2024
TITAN AUTOMATION LTD Unaudited accounts Contents
Page
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TITAN AUTOMATION LTD Company Information for the year ended 31 August 2024
Director
Michael Scott
Company Number
07768446 (England and Wales)
Registered Office
22 RIDLEY PLACE NEWCASTLE UPON TYNE NE1 8JW ENGLAND
Accountants
Watson Syers Accountants Ltd Evolve Business Centre Cygnet Way, Rainton Bridge South Busines Houghton le Spring Tyne and Wear DH4 5QY
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TITAN AUTOMATION LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
141,849 
95,300 
Current assets
Debtors
1,030,862 
2,339,846 
Cash at bank and in hand
491,290 
185,711 
1,522,152 
2,525,557 
Creditors: amounts falling due within one year
(316,340)
(290,777)
Net current assets
1,205,812 
2,234,780 
Total assets less current liabilities
1,347,661 
2,330,080 
Creditors: amounts falling due after more than one year
(105,491)
(1,270,795)
Net assets
1,242,170 
1,059,285 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,242,169 
1,059,284 
Shareholders' funds
1,242,170 
1,059,285 
For the year ending 31 August 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 11 February 2025 and were signed on its behalf by
Michael Scott Director Company Registration No. 07768446
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TITAN AUTOMATION LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
TITAN AUTOMATION LTD is a private company, limited by shares, registered in England and Wales, registration number 07768446. The registered office is 22 RIDLEY PLACE, NEWCASTLE UPON TYNE, NE1 8JW, ENGLAND.
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.
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.
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
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
10% reducing balance
Computer equipment
10% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2023
1,419 
51,509 
104,605 
25,258 
182,791 
Additions
- 
- 
58,637 
5,974 
64,611 
At 31 August 2024
1,419 
51,509 
163,242 
31,232 
247,402 
Depreciation
At 1 September 2023
958 
40,471 
38,112 
7,950 
87,491 
Charge for the year
461 
2,760 
12,513 
2,328 
18,062 
At 31 August 2024
1,419 
43,231 
50,625 
10,278 
105,553 
Net book value
At 31 August 2024
- 
8,278 
112,617 
20,954 
141,849 
At 31 August 2023
461 
11,038 
66,493 
17,308 
95,300 
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TITAN AUTOMATION LTD Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
461,547 
401,149 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
478,838 
1,848,221 
Other debtors
90,477 
90,476 
569,315 
1,938,697 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
97,042 
128,101 
Trade creditors
138,593 
97,944 
Amounts owed to group undertakings and other participating interests
5,000 
5,000 
Taxes and social security
75,705 
59,732 
316,340 
290,777 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
105,491 
997,527 
Loans from directors
- 
273,268 
105,491 
1,270,795 
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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