Company Registration No. 10444263 (England and Wales)
TITAN RAIL RESOURCES LIMITED
Unaudited accounts
for the year ended 31 October 2018
TITAN RAIL RESOURCES LIMITED
Unaudited accounts
Contents
TITAN RAIL RESOURCES LIMITED
Company Information
for the year ended 31 October 2018
Company Number
10444263 (England and Wales)
Registered Office
7 STATION TERRACE
MERTHYR VALE
MERTHYR TYDFIL
MERTHYR TYDFIL
CF48 4SX
WALES
Accountants
williams lester accountants ltd
6 Park Place
Pontmorlais
Merthyr Tydfil
CF47 0LJ
TITAN RAIL RESOURCES LIMITED
Statement of financial position
as at
31 October 2018
Tangible assets
3,406
4,258
Cash at bank and in hand
365
174
Creditors: amounts falling due within one year
(7,516)
(5,053)
Net current liabilities
(7,151)
(4,879)
Net liabilities
(3,745)
(621)
Called up share capital
1
1
Profit and loss account
(3,746)
(622)
Shareholders' funds
(3,745)
(621)
For the year ending 31 October 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 10 January 2019.
J Doran-Hughes
Director
Company Registration No. 10444263
TITAN RAIL RESOURCES LIMITED
Notes to the Accounts
for the year ended 31 October 2018
TITAN RAIL RESOURCES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10444263. The registered office is 7 STATION TERRACE, MERTHYR VALE, MERTHYR TYDFIL, MERTHYR TYDFIL, CF48 4SX, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% reducing balance
4
Tangible fixed assets
Motor vehicles
Cost or valuation
At cost
5
Creditors: amounts falling due within one year
2018
2017
Obligations under finance leases and hire purchase contracts
3,006
3,836
Taxes and social security
4,627
1,122
Loans from directors
(117)
95
TITAN RAIL RESOURCES LIMITED
Notes to the Accounts
for the year ended 31 October 2018
6
Average number of employees
During the year the average number of employees was 0 (2017: 1).