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Registered number: 9290063
Titan Care Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Inspire Accounting (UK) Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 9290063
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 89,434 52,031
Debtors 5 184,046 216,053
Cash at bank and in hand 450,267 205,827
723,747 473,911
Creditors: Amounts Falling Due Within One Year 6 (194,018 ) (176,464 )
NET CURRENT ASSETS (LIABILITIES) 529,729 297,447
TOTAL ASSETS LESS CURRENT LIABILITIES 529,729 297,447
NET ASSETS 529,729 297,447
CAPITAL AND RESERVES
Called up share capital 7 99 99
Profit and Loss Account 529,630 297,348
SHAREHOLDERS' FUNDS 529,729 297,447
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Fariad Salah
Director
29/01/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Titan Care Limited is a private company, limited by shares, incorporated in England & Wales, registered number 9290063 . The registered office is 3 Hurricane Trading Estate, Avion Crescent, London, NW9 5QW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Stocks
2024 2023
£ £
Stock 89,434 52,031
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 184,046 216,053
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 71,830 86,292
Corporation tax 77,471 43,688
Other taxes and social security 1,294 1,385
VAT 35,236 37,181
Accruals and deferred income 8,187 7,918
194,018 176,464
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 99 99
Page 3