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REGISTERED NUMBER: 02627593 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

TARGET SITE SERVICES LIMITED

TARGET SITE SERVICES LIMITED (REGISTERED NUMBER: 02627593)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TARGET SITE SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mr R P Frost
Mrs K J Cunningham



REGISTERED OFFICE: Unit 14
The Portland Business Centre
Manor House Lane
Datchet
Berkshire
SL3 9EG



REGISTERED NUMBER: 02627593 (England and Wales)



ACCOUNTANTS: Wentworths & Associates Limited
White Hart House
Silwood Road
Ascot
Berkshire
SL5 0PY



SOLICITORS: Gardner Leader
First Floor
7 Frascati Way
Maidenhead
Berkshire
SL6 4UY

TARGET SITE SERVICES LIMITED (REGISTERED NUMBER: 02627593)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 136,265 60,775
Investments 5 309,867 50
446,132 60,825

CURRENT ASSETS
Stocks 28,261 25,368
Debtors 6 2,366,079 1,556,128
Cash at bank 1,236,477 1,678,249
3,630,817 3,259,745
CREDITORS
Amounts falling due within one year 7 2,847,926 1,545,021
NET CURRENT ASSETS 782,891 1,714,724
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,229,023

1,775,549

CREDITORS
Amounts falling due after more than one
year

8

-

(87,500

)

PROVISIONS FOR LIABILITIES (28,710 ) (11,203 )
NET ASSETS 1,200,313 1,676,846

CAPITAL AND RESERVES
Called up share capital 9 30 50
Capital redemption reserve 10 70 50
Retained earnings 10 1,200,213 1,676,746
SHAREHOLDERS' FUNDS 1,200,313 1,676,846

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 SITE SERVICES LIMITED (REGISTERED NUMBER: 02627593)

BALANCE SHEET - continued
31 JULY 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 Board of Directors and authorised for issue on 5 April 2024 and were signed on its behalf by:




Mr R P Frost - Director



Mrs K J Cunningham - Director


TARGET SITE SERVICES LIMITED (REGISTERED NUMBER: 02627593)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Target Site Services 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.

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 and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial information is presented in pounds sterling, rounded to the nearest £1.

Turnover
Turnover represents net invoiced work done, excluding value added tax, adjusted for invoices raised after the year end which relate to valuations for work completed during the year and for any losses incurred or foreseen in bringing the contract to completion.

The turnover and profit before taxation are attributable to the one principal activity of the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Office equipment - 25% on cost

The measurement basis used for determining the gross carrying amount is cost.

Investments in subsidiaries
Investment in associated undertakings are recognised at cost less impairment.

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 taxation
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.

TARGET SITE SERVICES LIMITED (REGISTERED NUMBER: 02627593)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2022 - 41 ) .

4. TANGIBLE FIXED ASSETS
Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022 92,455 77,569 170,024
Additions 96,730 - 96,730
At 31 July 2023 189,185 77,569 266,754
DEPRECIATION
At 1 August 2022 76,298 32,951 109,249
Charge for year 10,085 11,155 21,240
At 31 July 2023 86,383 44,106 130,489
NET BOOK VALUE
At 31 July 2023 102,802 33,463 136,265
At 31 July 2022 16,157 44,618 60,775

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 August 2022 650,000 - 650,000
Additions - 309,867 309,867
At 31 July 2023 650,000 309,867 959,867
PROVISIONS
At 1 August 2022 649,950 - 649,950

Provision written back 50 - 50
At 31 July 2023 650,000 - 650,000
NET BOOK VALUE
At 31 July 2023 - 309,867 309,867
At 31 July 2022 50 - 50

TARGET SITE SERVICES LIMITED (REGISTERED NUMBER: 02627593)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

5. FIXED ASSET INVESTMENTS - continued

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

Associated companies

Target M & E Limited
Registered office: Unit 14, Portland Business Centre, Manor House Lane, Datchet, Berkshire. SL3 9EG
Nature of business: Electrical and mechanical engineers
%
Class of shares: holding
Ordinary A 50.00
28/2/23 28/2/22
£    £   
Aggregate capital and reserves 2,897 3,723
Loss for the year/period (826 ) (812 )

This company was dissolved on 23 January 2023.

Target Site Services 2003 Holdings Limited
Registered office: Unit 14, Portland Business Centre, Manor House Lane, Datchet, Berkshire. SL3 9EG
Nature of business: Investment company
%
Class of shares: holding
Ordinary A 40.00
30/11/22 30/11/21
£    £   
Aggregate capital and reserves 942,821 857,109
Profit for the year 108,024 106,507

On 18th May 2023, the company acquired 20 £1 Ordinary shares in Target Site Services 2003 Holdings Limited, at a total cost of £309,867.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,013,618 1,289,507
Other debtors 352,461 266,621
2,366,079 1,556,128

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,367,747 1,000,124
Taxation and social security 158,666 26,048
Other creditors 1,321,513 518,849
2,847,926 1,545,021

TARGET SITE SERVICES LIMITED (REGISTERED NUMBER: 02627593)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors - 87,500

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary £1 30 50

10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 August 2022 1,676,746 50 1,676,796
Profit for the year 485,467 485,467
Purchase of own shares (961,980 ) - (961,980 )
Transfer to Capital Redemption
Reserve

(20

)

20

-

At 31 July 2023 1,200,213 70 1,200,283

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
Mrs K J Cunningham
Balance outstanding at start of year 22,735 28,356
Amounts repaid (1,228 ) (5,621 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,507 22,735

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The company owns 40% of the shares in Target Site Services 2003 Holdings Limited to which annual rent is paid in the sum of £120,000.