Registered number
11685803
TITAN 1812 LTD
Filleted Accounts
30 November 2024
TITAN 1812 LTD
Registered number: 11685803
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 18,000 22,500
Current assets
Debtors 4 30,376 28,735
Cash at bank and in hand 3,322 5,846
33,698 34,581
Creditors: amounts falling due within one year 5 (61,234) (105,640)
Net current liabilities (27,536) (71,059)
Total assets less current liabilities (9,536) (48,559)
Creditors: amounts falling due after more than one year 6 (32,503) (38,701)
Net liabilities (42,039) (87,260)
Capital and reserves
Called up share capital 100 100
Profit and loss account (42,139) (87,360)
Shareholders' funds (42,039) (87,260)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Parkinson
Director
Approved by the board on 29 August 2025
TITAN 1812 LTD
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2023 45,000
At 30 November 2024 45,000
Amortisation
At 1 December 2023 22,500
Provided during the year 4,500
At 30 November 2024 27,000
Net book value
At 30 November 2024 18,000
At 30 November 2023 22,500
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Debtors 2024 2023
£ £
Other debtors 30,376 28,735
5 Creditors: amounts falling due within one year 2024 2023
£ £
Director current account 13,926 36,544
Taxation and social security costs 44,908 66,696
Other creditors 2,400 2,400
61,234 105,640
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 32,503 38,701
7 Other information
TITAN 1812 LTD is a private company limited by shares and incorporated in England. Its registered office is:
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