Acorah Software Products - Accounts Production 16.4.675 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 12076459 R D Warmington K Jones S F Warmington iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12076459 2024-01-31 12076459 2025-01-31 12076459 2024-02-01 2025-01-31 12076459 frs-core:CurrentFinancialInstruments 2025-01-31 12076459 frs-core:Non-currentFinancialInstruments 2025-01-31 12076459 frs-core:ComputerEquipment 2025-01-31 12076459 frs-core:ComputerEquipment 2024-02-01 2025-01-31 12076459 frs-core:ComputerEquipment 2024-01-31 12076459 frs-core:MotorVehicles 2025-01-31 12076459 frs-core:MotorVehicles 2024-02-01 2025-01-31 12076459 frs-core:MotorVehicles 2024-01-31 12076459 frs-core:PlantMachinery 2025-01-31 12076459 frs-core:PlantMachinery 2024-02-01 2025-01-31 12076459 frs-core:PlantMachinery 2024-01-31 12076459 frs-core:ShareCapital 2025-01-31 12076459 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 12076459 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 12076459 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 12076459 frs-bus:SmallEntities 2024-02-01 2025-01-31 12076459 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 12076459 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 12076459 frs-bus:Director1 2024-02-01 2025-01-31 12076459 frs-bus:Director2 2024-02-01 2025-01-31 12076459 frs-bus:CompanySecretary1 2024-02-01 2025-01-31 12076459 frs-countries:EnglandWales 2024-02-01 2025-01-31 12076459 2023-01-31 12076459 2024-01-31 12076459 2023-02-01 2024-01-31 12076459 frs-core:CurrentFinancialInstruments 2024-01-31 12076459 frs-core:Non-currentFinancialInstruments 2024-01-31 12076459 frs-core:ShareCapital 2024-01-31 12076459 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 12076459
Titan Door Systems Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12076459
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,314 3,415
2,314 3,415
CURRENT ASSETS
Stocks 5 179,143 180,941
Debtors 6 515,682 397,425
Cash at bank and in hand 615 1,464
695,440 579,830
Creditors: Amounts Falling Due Within One Year 7 (521,577 ) (453,045 )
NET CURRENT ASSETS (LIABILITIES) 173,863 126,785
TOTAL ASSETS LESS CURRENT LIABILITIES 176,177 130,200
Creditors: Amounts Falling Due After More Than One Year 8 (82,345 ) (60,386 )
NET ASSETS 93,832 69,814
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 93,830 69,812
SHAREHOLDERS' FUNDS 93,832 69,814
Page 1
Page 2
For the year ending 31 January 2025 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 directors acknowledge their 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
R D Warmington
Director
21/07/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Titan Door Systems Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12076459 . The registered office is The Old Library Kingsbury Close, Minworth, Sutton Coldfield, B76 9DH.
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, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 33% Straight Line
2.4. 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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 9)
9 9
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2024 4,000 3,025 2,752 9,777
As at 31 January 2025 4,000 3,025 2,752 9,777
Depreciation
As at 1 February 2024 2,735 1,205 2,422 6,362
Provided during the period 316 455 330 1,101
As at 31 January 2025 3,051 1,660 2,752 7,463
Net Book Value
As at 31 January 2025 949 1,365 - 2,314
As at 1 February 2024 1,265 1,820 330 3,415
5. Stocks
2025 2024
£ £
Work in progress 179,143 180,941
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 98,435 44,571
Other debtors 417,247 352,854
515,682 397,425
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 246,292 182,636
Other loans 145,024 46,827
Other creditors 93,115 115,121
Taxation and social security 37,146 108,461
521,577 453,045
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans 82,345 60,386
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9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
10. Related Party Transactions
As at the balance sheet date, the amount due to the director from the Company was £86,466 (2024: £51,928)
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