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
TITAN AUTOMATION LTD
Company Information
for the year ended 31 August 2024
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
TITAN AUTOMATION LTD
Statement of financial position
as at 31 August 2024
Tangible assets
141,849
95,300
Debtors
1,030,862
2,339,846
Cash at bank and in hand
491,290
185,711
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
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
TITAN AUTOMATION LTD
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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
TITAN AUTOMATION LTD
Notes to the Accounts
for the year ended 31 August 2024
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
6
Creditors: amounts falling due within one year
2024
2023
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
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
105,491
997,527
Loans from directors
-
273,268
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).