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Company registration number: 14226638
TITAN CONTRACTING LTD
Trading as TITAN CONTRACTING LTD
Unaudited financial statements
31 July 2025
TITAN CONTRACTING LTD
Contents
Directors and other information
Directors report
Statement of comprehensive income
Statement of financial position
Statement of changes in equity
Notes to the financial statements
TITAN CONTRACTING LTD
Directors and other information
Directors MR IGOR SCODA
Company number 14226638
TITAN CONTRACTING LTD
Directors report
Year ended 31 July 2025
The directors present their report and the unaudited financial statements of the company for the year ended 31 July 2025.
Directors
The directors who served the company during the year were as follows:
MR IGOR SCODA
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 07 May 2026 and signed on behalf of the board by:
MR IGOR SCODA
Director
TITAN CONTRACTING LTD
Statement of comprehensive income
Year ended 31 July 2025
2025 2024
Note £ £
Turnover 68,755 -
Change in stocks of finished goods and in work in progress ( 870) -
_______ _______
67,885 (-)
Other external charges ( 46,700) -
Staff costs ( 12,700) -
Other operating expenses 7,950 -
_______ _______
Operating profit 16,435 -
_______ _______
Profit before taxation 16,435 -
Tax on profit ( 2,624) -
_______ _______
Profit for the financial year and total comprehensive income 13,811 -
_______ _______
All the activities of the company are from continuing operations.
TITAN CONTRACTING LTD
Statement of financial position
31 July 2025
2025 2024
Note £ £ £ £
Current assets
Debtors 5 34,585 -
Cash at bank and in hand 667 -
_______ _______
35,252 -
Net current assets/(liabilities) 35,252 -
_______ _______
Total assets less current liabilities 35,252 -
_______ _______
Net assets 35,252 -
_______ _______
Capital and reserves
Called up share capital 100 -
Profit and loss account 35,152 -
_______ _______
Shareholders funds 35,252 -
_______ _______
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements were approved by the board of directors and authorised for issue on 07 May 2026 , and are signed on behalf of the board by:
MR IGOR SCODA
Director
Company registration number: 14226638
TITAN CONTRACTING LTD
Statement of changes in equity
Year ended 31 July 2025
Called up share capital Profit and loss account Total
£ £ £
At 1 August 2023 - - -
Profit for the year - -
_______ _______ _______
Total comprehensive income for the year - - -
_______ _______ _______
At 31 July 2024 and 1 August 2024 100 21,341 21,441
Profit for the year 13,811 13,811
_______ _______ _______
Total comprehensive income for the year - 13,811 13,811
_______ _______ _______
At 31 July 2025 100 35,152 35,252
_______ _______ _______
TITAN CONTRACTING LTD
Notes to the financial statements
Year ended 31 July 2025
1. General information
The company is a private company limited by shares, registered in UNITED KINGDOM. The address of the registered office is .
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Staff costs
The average number of persons employed by the company during the year amounted to Nil (2024: Nil).
The aggregate payroll costs incurred during the year were:
2025 2024
£ £
Wages and salaries 12,700 -
_______ _______
5. Debtors
2025 2024
£ £
Other debtors 34,585 -
_______ _______
6. Directors advances, credits and guarantees