Titanium Accountants Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08032239 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 October 2013 to 31 March 2014

for

Titanium Accountants Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

L M Turner

SECRETARY:

L M Turner

REGISTERED OFFICE:

8th Floor, Newater House

11 Newhall Street

Birmingham

West Midlands

B3 3NY

REGISTERED NUMBER:

08032239 (England and Wales)

FIXED ASSETS

Intangible assets

2

13,868

14,683

Tangible assets

3

1,168

1,495

15,036

16,178

CURRENT ASSETS

Debtors

28,597

31,660

Cash at bank and in hand

5,623

4,963

34,220

36,623

CREDITORS

Amounts falling due within one year

40,283

23,871

NET CURRENT (LIABILITIES)/ASSETS

(6,063

)

12,752

TOTAL ASSETS LESS CURRENT LIABILITIES

8,973

28,930

CAPITAL AND RESERVES

Called up share capital

4

1,333

1,333

Profit and loss account

7,640

27,597

SHAREHOLDERS' FUNDS

8,973

28,930

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

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

The director acknowledges his 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 director on 31 July 2015 and were signed by:

L M Turner - 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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

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 etc

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 31 March 2014

16,315

AMORTISATION

At 1 October 2013

1,632

Amortisation for period

815

At 31 March 2014

2,447

NET BOOK VALUE

At 31 March 2014

13,868

At 30 September 2013

14,683

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 31 March 2014

1,993

DEPRECIATION

At 1 October 2013

498

Charge for period

327

At 31 March 2014

825

NET BOOK VALUE

At 31 March 2014

1,168

At 30 September 2013

1,495

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

30.9.13

value:

£

£

1,333

Ordinary shares

£1.00

1,333

1,333

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended

31 March 2014 and 30 September 2013:

31.3.14

30.9.13

£

£

L M Turner

Balance outstanding at start of period

12,590

-

Amounts advanced

15,448

26,778

Amounts repaid

(36,790

)

(14,188

)

Balance outstanding at end of period

(8,752

)

12,590