Titanium Fireworks Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08540840 (England and Wales)

Abbreviated Unaudited Accounts

for the Period

22 May 2013 to 31 May 2014

for

Titanium Fireworks Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

T A Alloway

S F J Page

D C Fleming

I M Walker

REGISTERED OFFICE:

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

REGISTERED NUMBER:

08540840 (England and Wales)

ACCOUNTANTS:

P Willson & Co

Chartered Accountants

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

FIXED ASSETS

Tangible assets

2

82,931

Investments

3

83

83,014

CURRENT ASSETS

Stocks

48,548

Debtors

9,607

Cash at bank

12,427

70,582

CREDITORS

Amounts falling due within one year

118,202

NET CURRENT LIABILITIES

(47,620

)

TOTAL ASSETS LESS CURRENT LIABILITIES

35,394

CAPITAL AND RESERVES

Called up share capital

4

130

Profit and loss account

35,264

SHAREHOLDERS' FUNDS

35,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 3 September 2014 and were signed on its behalf by:

S F J Page - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Preparation of consolidated financial statements

The financial statements contain information about Titanium Fireworks Ltd as an individual company and do not

contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

124,397

At 31 May 2014

124,397

DEPRECIATION

Charge for period

41,466

At 31 May 2014

41,466

NET BOOK VALUE

At 31 May 2014

82,931

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

83

At 31 May 2014

83

NET BOOK VALUE

At 31 May 2014

83

The company's investments at the balance sheet date in the share capital of companies include the following:

Vulcan Retail UK Limited (Company no 09026434)

Nature of business: Supply of Fireworks

Class of shares: % holding

Ordinary 83.00

This company had not commenced trading by the 31st May 2014.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1.00

100

108

Ordinary A

10p

11

90

Ordinary B

10p

9

90

Ordinary C

10p

9

12

Ordinary D

10p

1

130

The following shares were issued during the period for cash at par :

100 Ordinary shares of £1.00

108 Ordinary A shares of 10p

90 Ordinary B shares of 10p

90 Ordinary C shares of 10p

12 Ordinary D shares of 10p