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REGISTERED NUMBER: SC129806 (Scotland)










Unaudited Financial Statements

for the Year Ended

31 January 2023

for

FIRMTARGET LIMITED

FIRMTARGET LIMITED (REGISTERED NUMBER: SC129806)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FIRMTARGET LIMITED

Company Information
for the Year Ended 31 January 2023







DIRECTOR: Mrs S M A M Macnie





REGISTERED OFFICE: 378 Brandon Street
Motherwell
ML1 1XA





REGISTERED NUMBER: SC129806 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

FIRMTARGET LIMITED (REGISTERED NUMBER: SC129806)

Balance Sheet
31 January 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 210 512
Investments 5 10,065 8,806
10,275 9,318

CURRENT ASSETS
Debtors 6 - 754
Investments 7 4,383 4,684
Cash at bank 25,018 28,356
29,401 33,794
CREDITORS
Amounts falling due within one year 8 (39,567 ) (28,997 )
NET CURRENT (LIABILITIES)/ASSETS (10,166 ) 4,797
TOTAL ASSETS LESS CURRENT
LIABILITIES

109

14,115

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 14,015
109 14,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

FIRMTARGET LIMITED (REGISTERED NUMBER: SC129806)

Balance Sheet - continued
31 January 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 October 2023 and were signed by:





Mrs S M A M Macnie - Director


FIRMTARGET LIMITED (REGISTERED NUMBER: SC129806)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Firmtarget Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 - 20% on cost
Computer equipment - 25% on cost

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

FIRMTARGET LIMITED (REGISTERED NUMBER: SC129806)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 16,051 1,083 17,134
DEPRECIATION
At 1 February 2022 15,988 634 16,622
Charge for year 32 270 302
At 31 January 2023 16,020 904 16,924
NET BOOK VALUE
At 31 January 2023 31 179 210
At 31 January 2022 63 449 512

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 February 2022 8,806
Revaluations 1,259
At 31 January 2023 10,065
NET BOOK VALUE
At 31 January 2023 10,065
At 31 January 2022 8,806

Cost or valuation at 31 January 2023 is represented by:

Other
investments
£   
Valuation in 2023 1,787
Cost 8,278
10,065

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT - 754

FIRMTARGET LIMITED (REGISTERED NUMBER: SC129806)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Unlisted investments 4,383 4,684

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 23 -
Trade creditors - 1
Other creditors - 92
Directors' current accounts 37,231 26,924
Accrued expenses 2,313 1,980
39,567 28,997