BrightAccountsProduction v1.0.0 v1.0.0 2025-03-01 The company was not dormant during the period The company was trading for the entire period The principal activity of the company is the supply of steam and air conditioning. 11 August 2026 42 42 NI616923 2026-02-28 NI616923 2025-02-28 NI616923 2024-02-29 NI616923 2025-03-01 2026-02-28 NI616923 2024-03-01 2025-02-28 NI616923 uk-bus:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 NI616923 uk-curr:PoundSterling 2025-03-01 2026-02-28 NI616923 uk-bus:FullAccounts 2025-03-01 2026-02-28 NI616923 uk-bus:Director1 2025-03-01 2026-02-28 NI616923 uk-bus:Director2 2025-03-01 2026-02-28 NI616923 uk-bus:Director3 2025-03-01 2026-02-28 NI616923 uk-bus:RegisteredOffice 2025-03-01 2026-02-28 NI616923 uk-bus:Agent1 2025-03-01 2026-02-28 NI616923 uk-bus:AuditExemptWithAccountantsReport 2025-03-01 2026-02-28 NI616923 uk-core:ShareCapital 2026-02-28 NI616923 uk-core:ShareCapital 2025-02-28 NI616923 uk-core:RetainedEarningsAccumulatedLosses 2026-02-28 NI616923 uk-core:RetainedEarningsAccumulatedLosses 2025-02-28 NI616923 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2026-02-28 NI616923 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-02-28 NI616923 uk-core:RetainedEarningsAccumulatedLosses 2025-03-01 2026-02-28 NI616923 uk-bus:FRS102 2025-03-01 2026-02-28 NI616923 uk-core:CopyrightsPatentsTrademarksServiceOperatingRights 2025-03-01 2026-02-28 NI616923 uk-core:PlantMachinery 2025-03-01 2026-02-28 NI616923 uk-core:FurnitureFittingsToolsEquipment 2025-03-01 2026-02-28 NI616923 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2026-02-28 NI616923 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-02-28 NI616923 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-01 2026-02-28 NI616923 uk-core:CostValuation 2026-02-28 NI616923 uk-core:CurrentFinancialInstruments 2026-02-28 NI616923 uk-core:CurrentFinancialInstruments 2025-02-28 NI616923 uk-core:WithinOneYear 2026-02-28 NI616923 uk-core:WithinOneYear 2025-02-28 NI616923 uk-core:WithinOneYear 2026-02-28 NI616923 uk-core:WithinOneYear 2025-02-28 NI616923 uk-core:WithinOneYear 2026-02-28 NI616923 uk-core:WithinOneYear 2025-02-28 NI616923 uk-core:AfterOneYear 2026-02-28 NI616923 uk-core:AfterOneYear 2025-02-28 NI616923 uk-core:BetweenOneFiveYears 2026-02-28 NI616923 uk-core:BetweenOneFiveYears 2025-02-28 NI616923 uk-core:EmployeeBenefits 2025-02-28 NI616923 uk-core:EmployeeBenefits 2025-03-01 2026-02-28 NI616923 uk-core:AcceleratedTaxDepreciationDeferredTax 2026-02-28 NI616923 uk-core:TaxLossesCarry-forwardsDeferredTax 2026-02-28 NI616923 uk-core:OtherDeferredTax 2026-02-28 NI616923 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2026-02-28 NI616923 uk-core:EmployeeBenefits 2026-02-28 NI616923 2025-03-01 2026-02-28 xbrli:pure iso4217:GBP xbrli:shares

Company Registration Number: NI616923

Titan Air Conditioning Ltd

Directors' Report and Unaudited Financial Statements

for the financial year ended 28 February 2026

Titan Air Conditioning Ltd

DIRECTORS AND OTHER INFORMATION

Directors | Keith Hare
| Mark Montgomery
| Desmond O'Hara
Company Registration Number | NI616923
Registered Office and Business Address | 11 Sentry Lane
| Newtownabbey
| Co. Antrim
| BT36 4XX
Accountants | Azets NI Limited
| 16 Mount Charles
| Belfast
| BT7 1NZ
Bankers | Ulster Bank
| 18 Bow Street
| BT28 1BN

Titan Air Conditioning Ltd

DIRECTORS' REPORT

for the financial year ended 28 February 2026

The directors present their report and the unaudited financial statements for the financial year ended 28 February 2026.

Principal Activity

The principal activity of the company is the supply of steam and air conditioning.

Directors

The directors who served during the financial year are as follows:

Keith Hare

Mark Montgomery

Desmond O'Hara

There were no changes in shareholdings between 28 February 2026 and the date of signing the financial statements.

Political Contributions

The company did not make any disclosable political donations in the current financial year.

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and apply them consistently;
- | make judgements and accounting estimates that are reasonable and prudent;
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Special provisions relating to small companies

The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

___________________________

Mark Montgomery

Director

11 August 2026

Titan Air Conditioning Ltd

ACCOUNTANTS REPORT

to the Board of Directors on the Compilation of the unaudited financial statements of Titan Air Conditioning Ltd

for the financial year ended 28 February 2026

In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 28 February 2026 as set out on pages to which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given to us.

This report is made solely to the Board of Directors of Titan Air Conditioning Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by and have complied with the relevant ethical guidance laid down by relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet for the year ended 28 February 2026 your duty to ensure that Titan Air Conditioning Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Titan Air Conditioning Ltd. You consider that Titan Air Conditioning Ltd is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Titan Air Conditioning Ltd. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

__________________________________

AZETS NI LIMITED

16 Mount Charles

Belfast

BT7 1NZ

11 August 2026

Titan Air Conditioning Ltd

PROFIT AND LOSS ACCOUNT

for the financial year ended 28 February 2026

|  | 2026 |  | 2025
| Notes | £ |  | £

Turnover |  | 4,757,105 |  | 4,166,698
Cost of sales |  | (3,292,660) |  | (2,788,294)
|  | ───────── |  | ─────────
Gross profit |  | 1,464,445 |  | 1,378,404
Administrative expenses |  | (1,245,903) |  | (1,167,509)
Other operating income |  | 50,415 |  | 32,866
|  | ───────── |  | ─────────
Operating profit |  | 268,957 |  | 243,761
Interest payable and similar expenses |  | (11,248) |  | (6,013)
|  | ───────── |  | ─────────
Profit before taxation |  | 257,709 |  | 237,748
Tax on profit |  | (77,466) |  | (75,664)
|  | ───────── |  | ─────────
Profit for the financial year |  | 180,243 |  | 162,084
|  | ───────── |  | ─────────
Total comprehensive income |  | 180,243 |  | 162,084
|  | ═════════ |  | ═════════

Titan Air Conditioning Ltd

Company Registration Number: NI616923

BALANCE SHEET

as at 28 February 2026

|  |  | 2026 |  | 2025
|  | Notes | £ |  | £
Fixed Assets

Intangible assets |  | 4 | 19,950 |  | 29,925
Tangible assets |  | 5 | 376,407 |  | 383,608
Investments |  | 6 | 86 |  | 86
|  |  | ───────── |  | ─────────
Fixed Assets |  |  | 396,443 |  | 413,619
|  |  | ───────── |  | ─────────
Current Assets

Stocks |  | 7 | 35,305 |  | 33,624
Debtors |  | 8 | 2,112,261 |  | 1,545,414
Cash and cash equivalents |  |  | 393,436 |  | 486,710
|  |  | ───────── |  | ─────────
|  |  | 2,541,002 |  | 2,065,748
|  |  | ───────── |  | ─────────
Creditors: amounts falling due within one year |  | 9 | (1,385,793) |  | (936,056)
|  |  | ───────── |  | ─────────
Net Current Assets |  |  | 1,155,209 |  | 1,129,692
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | 1,551,652 |  | 1,543,311
Creditors:

amounts falling due after more than one year |  | 10 | (73,938) |  | (79,040)
Provisions for liabilities |  | 12 | (94,102) |  | (95,902)
|  |  | ───────── |  | ─────────
Net Assets |  |  | 1,383,612 |  | 1,368,369
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  |  | 600 |  | 600
Retained earnings |  |  | 1,383,012 |  | 1,367,769
|  |  | ───────── |  | ─────────
Equity attributable to owners of the company |  |  | 1,383,612 |  | 1,368,369
|  |  | ═════════ |  | ═════════
The financial statements have been prepared 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).

For the financial year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Board and authorised for issue on 11 August 2026 and signed on its behalf by

________________________________ |  |  |  |  |
Mark Montgomery |  |  |  |  |
Director |  |  |  |  |

Titan Air Conditioning Ltd

STATEMENT OF CHANGES IN EQUITY

as at 28 February 2026

| Called up | Retained | Total
| share | earnings |
| capital |  |
| £ | £ | £
At 1 March 2024 | 600 | 1,370,685 | 1,371,285
| ───────── | ───────── | ─────────
Profit for the financial year | - | 162,084 | 162,084
| ───────── | ───────── | ─────────
Payment of dividends | - | (165,000) | (165,000)
| ───────── | ───────── | ─────────
At 28 February 2025 | 600 | 1,367,769 | 1,368,369
| ───────── | ───────── | ─────────
Profit for the financial year | - | 180,243 | 180,243
| ───────── | ───────── | ─────────
Payment of dividends | - | (165,000) | (165,000)
| ───────── | ───────── | ─────────
At 28 February 2026 | 600 | 1,383,012 | 1,383,612
| ═════════ | ═════════ | ═════════

Titan Air Conditioning Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 28 February 2026

1. | General Information
| Titan Air Conditioning Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI616923. The registered office of the company is 11 Sentry Lane, Newtownabbey, Co. Antrim, BT36 4XX which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the financial year ended 28 February 2026 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Turnover
| Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
| Intangible assets
| Intangible assets are valued at cost less accumulated amortisation.
| Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 10 years.
| Tangible assets and depreciation
| Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
|  | Plant and machinery | - | 20% on reducing balance
|  | Fixtures, fittings and equipment | - | 20% on reducing balance
| The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
| Leasing and hire purchases
| Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
| Leasing
| Rentals payable under operating leases are dealt with in the Profit and Loss Account as incurred over the period of the rental agreement.
| Investments
| Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Profit and Loss Account in the financial year in which it is receivable.
| Stocks
| Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
| Trade and other debtors
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
| Borrowing costs
| Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
| Provisions
| Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
| Trade and other creditors
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
| Employee benefits
| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
| Taxation and deferred taxation
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
| Foreign currencies
| Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
| Research and development
| Development expenditure is written off in the same financial year unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period from which the company is expected to benefit.
| Ordinary share capital
| The ordinary share capital of the company is presented as equity.

3. | Employees
| The average monthly number of employees, including directors, during the financial year was 42, (2025 - 42).
|  | 2026 | 2025
|  | Number | Number
| Employees | 42 | 42
|  | ═════════ | ═════════

4. | Intangible assets
|  | Development |
|  | Costs | Total
|  | £ | £
| Cost
| At 1 March 2025 | 99,750 | 99,750
|  | ───────── | ─────────
| At 28 February 2026 | 99,750 | 99,750
|  | ───────── | ─────────
| Amortisation
| At 1 March 2025 | 69,825 | 69,825
| Charge for financial year | 9,975 | 9,975
|  | ───────── | ─────────
| At 28 February 2026 | 79,800 | 79,800
|  | ───────── | ─────────
| Net book value
| At 28 February 2026 | 19,950 | 19,950
|  | ═════════ | ═════════
| At 28 February 2025 | 29,925 | 29,925
|  | ═════════ | ═════════

5. | Tangible assets
|  | Plant and | Fixtures, | Total
|  | machinery | fittings and |
|  |  | equipment |
|  | £ | £ | £
| Cost
| At 1 March 2025 | 584,132 | 77,934 | 662,066
| Additions | 93,430 | - | 93,430
| Disposals | (21,604) | - | (21,604)
|  | ───────── | ───────── | ─────────
| At 28 February 2026 | 655,958 | 77,934 | 733,892
|  | ───────── | ───────── | ─────────
| Depreciation
| At 1 March 2025 | 228,836 | 49,622 | 278,458
| Charge for the financial year | 83,907 | 5,663 | 89,570
| On disposals | (10,543) | - | (10,543)
|  | ───────── | ───────── | ─────────
| At 28 February 2026 | 302,200 | 55,285 | 357,485
|  | ───────── | ───────── | ─────────
| Net book value
| At 28 February 2026 | 353,758 | 22,649 | 376,407
|  | ═════════ | ═════════ | ═════════
| At 28 February 2025 | 355,296 | 28,312 | 383,608
|  | ═════════ | ═════════ | ═════════

6. | Investments
|  | Group and | Total
|  | participating |
|  | interests/ |
|  | joint ventures |
| Investments | £ | £
| Cost
| At 28 February 2026 | 86 | 86
|  | ───────── | ─────────
| Net book value
| At 28 February 2026 | 86 | 86
|  | ═════════ | ═════════
| At 28 February 2025 | 86 | 86
|  | ═════════ | ═════════

7. | Stocks | 2026 | 2025
|  | £ | £
| Finished goods and goods for resale | 35,305 | 33,624
|  | ═════════ | ═════════
| The replacement cost of stock did not differ significantly from the figures shown.

8. | Debtors | 2026 | 2025
|  | £ | £
| Trade debtors | 1,343,640 | 1,026,360
| Amounts owed by related parties | - | 458,423
| Other debtors | 46,591 | 37,554
| Taxation (Note 11) | - | 21,282
| Prepayments and accrued income | 722,030 | 1,795
|  | ───────── | ─────────
|  | 2,112,261 | 1,545,414
|  | ═════════ | ═════════

9. | Creditors | 2026 | 2025
| Amounts falling due within one year | £ | £
| Bank overdrafts | 1,249 | 32,523
| Net obligations under finance leases
| and hire purchase contracts | 74,940 | 74,912
| Trade creditors | 557,441 | 387,823
| Amounts owed to group undertakings | 198,664 | -
| Taxation (Note 11) | 127,124 | 105,516
| Directors' current accounts | 91,110 | 83,743
| Other creditors | 16,547 | 6,092
| Accruals and deferred income:
| Pension accrual | 2,904 | 4,937
| Other accruals | 315,814 | 240,510
|  | ───────── | ─────────
|  | 1,385,793 | 936,056
|  | ═════════ | ═════════

10. | Creditors | 2026 | 2025
| Amounts falling due after more than one year | £ | £
| Finance leases and hire purchase contracts | 73,938 | 79,040
|  | ═════════ | ═════════
| Net obligations under finance leases
| and hire purchase contracts
| Repayable within one year | 74,940 | 74,912
| Repayable between one and five years | 73,938 | 79,040
|  | ───────── | ─────────
|  | 148,878 | 153,952
|  | ═════════ | ═════════

11. | Taxation | 2026 | 2025
|  | £ | £
| Debtors:
| VAT | - | 21,282
|  | ═════════ | ═════════
| Creditors:
| VAT | 12,456 | -
| Corporation tax | 79,266 | 54,893
| PAYE / NI | 35,402 | 50,623
|  | ───────── | ─────────
|  | 127,124 | 105,516
|  | ═════════ | ═════════

12. | Provisions for liabilities
| The amounts provided for deferred taxation are analysed below:
|  | Capital | Total | Total
|  | allowances |  |
|  |  | 2026 | 2025
|  | £ | £ | £
| At financial year start | 95,902 | 95,902 | 75,131
| Charged to profit and loss | (1,800) | (1,800) | 20,771
|  | ───────── | ───────── | ─────────
| At financial year end | 94,102 | 94,102 | 95,902
|  | ═════════ | ═════════ | ═════════

13. | Financial commitments
| Total future minimum lease payments under non-cancellable operating leases are as follows:
|  | 2026 | 2025
|  | £ | £
| Due:
| Within one year | - | 15,472
|  | ═════════ | ═════════

14. | Capital commitments
| The company had no material capital commitments at the financial year-ended 28 February 2026.

15. | Directors' advances, credits and guarantees
| As at 28th February 2025 the company owed the Director's £83,743 (2024: £50,052). No repayment date has been set for this and no interest is to be charged on the loans.

16. | Post-Balance Sheet Events
| There have been no significant events affecting the company since the financial year-end.

Titan Air Conditioning Ltd

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS

TRADING STATEMENT

for the financial year ended 28 February 2026

|  | 2026 |  | 2025
| Schedule | £ |  | £
Sales |  | 4,757,105 |  | 4,166,698
Cost of sales | 1 | (3,292,660) |  | (2,788,294)
|  | ───────── |  | ─────────
Gross profit |  | 1,464,445 |  | 1,378,404
|  | ───────── |  | ─────────
Gross profit Percentage |  | 30.8% |  | 33.1%
|  | ───────── |  | ─────────
Overhead expenses | 2 | (1,257,151) |  | (1,173,522)
|  | ───────── |  | ─────────
|  | 207,294 |  | 204,882
Miscellaneous income | 3 | 50,415 |  | 32,866
|  | ───────── |  | ─────────
Net profit |  | 257,709 |  | 237,748
|  | ═════════ |  | ═════════

Titan Air Conditioning Ltd

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS

SCHEDULE 1 : COST OF SALES

for the financial year ended 28 February 2026

|  | 2026 |  | 2025
|  | £ |  | £
Cost of Sales

Opening stock |  | 33,624 |  | 42,030
Contract Purchases |  | 1,962,202 |  | 1,665,394
Service Purchases |  | 762,978 |  | 474,952
Contract Labour |  | 407,273 |  | 323,015
Service Labour |  | 658,013 |  | 559,215
Contract Manager's Lab |  | 139,973 |  | 95,174
Management recharge |  | (636,098) |  | (337,862)
|  | ───────── |  | ─────────
|  | 3,327,965 |  | 2,821,918
Closing stock |  | (35,305) |  | (33,624)
|  | ───────── |  | ─────────
|  | 3,292,660 |  | 2,788,294
|  | ═════════ |  | ═════════

Titan Air Conditioning Ltd

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS

SCHEDULE 2 : OVERHEAD EXPENSES

for the financial year ended 28 February 2026

| 2026 |  | 2025
| £ |  | £
Administration Expenses

Wages and salaries (including directors' remuneration) | 344,208 |  | 305,370
Staff defined contribution pension costs | 43,493 |  | 182,655
Staff training | (218) |  | 3,321
Use of premises | 3,600 |  | 3,600
Rent payable | 17,368 |  | 16,643
Rates | 7,080 |  | 5,273
Insurance | 71,205 |  | 55,039
Leasing of plant and machinery | 170,182 |  | 124,532
Light and heat | 8,839 |  | 14,478
Repairs and maintenance | 13,493 |  | 16,750
Stationery & advertising | 19,646 |  | 10,220
Telephone | 8,590 |  | 7,998
Computer costs | 8,486 |  | 8,413
Motor & travel | 136,843 |  | 155,261
Motor & machinery expenses | 39,576 |  | 28,581
Entertaining | 41,605 |  | 43,545
Legal and professional | 11,188 |  | 3,424
Accountancy Fees | 28,320 |  | 22,670
Bank charges | 3,477 |  | 1,586
Bad debts | 97,090 |  | (991)
Profit/loss on exchange | 1,072 |  | 17,591
General expenses | 55,752 |  | 48,466
Subscriptions | 14,789 |  | 15,316
Profits/losses on disposal of tangibles | (908) |  | 10,968
Depreciation of tangible assets | 89,570 |  | 53,840
Amortisation of intangible assets | 9,975 |  | 9,975
Charitable donations | 1,582 |  | 2,985
| ───────── |  | ─────────
| 1,245,903 |  | 1,167,509
| ───────── |  | ─────────
Finance

Hire purchase interest | 11,140 |  | 6,013
Interest paid on overdue taxation | 108 |  | -
| ───────── |  | ─────────
| 11,248 |  | 6,013
| ───────── |  | ─────────
Total Overheads | 1,257,151 |  | 1,173,522
| ═════════ |  | ═════════

Titan Air Conditioning Ltd

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS

SCHEDULE 3 : MISCELLANEOUS INCOME

for the financial year ended 28 February 2026

| 2026 |  | 2025
| £ |  | £
Miscellaneous Income

Sundry income | 50,415 |  | 32,866
| ═════════ |  | ═════════