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REGISTERED NUMBER: 06660619 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Target Roofing Limited

Target Roofing Limited (Registered number: 06660619)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Target Roofing Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: D J Edwards
Miss D M Rimmington





REGISTERED OFFICE: Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX





REGISTERED NUMBER: 06660619 (England and Wales)





ACCOUNTANTS: KT Accountants Limited
Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX

Target Roofing Limited (Registered number: 06660619)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,521 7,364

CURRENT ASSETS
Debtors 5 19,555 93,455
Cash at bank 31,387 37,602
50,942 131,057
CREDITORS
Amounts falling due within one year 6 48,935 110,097
NET CURRENT ASSETS 2,007 20,960
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,528

28,324

PROVISIONS FOR LIABILITIES 1,360 1,360
NET ASSETS 6,168 26,964

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 6,166 26,962
SHAREHOLDERS' FUNDS 6,168 26,964

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

Target Roofing Limited (Registered number: 06660619)

Balance Sheet - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:




D J Edwards - Director



Miss D M Rimmington - Director


Target Roofing Limited (Registered number: 06660619)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 4 ).

Target Roofing Limited (Registered number: 06660619)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 52,927
DEPRECIATION
At 1 October 2022 45,563
Charge for year 1,843
At 30 September 2023 47,406
NET BOOK VALUE
At 30 September 2023 5,521
At 30 September 2022 7,364

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 15,860 88,286
Other debtors 3,695 5,169
19,555 93,455

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 22,966 12,108
Taxation and social security (1,521 ) 13,246
Other creditors 27,490 84,743
48,935 110,097

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
2 Ordinary £1 2 2

Target Roofing Limited (Registered number: 06660619)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
D J Edwards and Miss D M Rimmington
Balance outstanding at start of year (80,117 ) (63,963 )
Amounts repaid 59,227 (16,154 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (20,890 ) (80,117 )

Included in creditors is an amount due to the directors as above. This loan is interest free, undated , unsecured and repayable on demand.