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COMPANY REGISTRATION NUMBER: 02190555
Target Electrical Supplies Limited
Filleted Unaudited Financial Statements
30 June 2023
Target Electrical Supplies Limited
Statement of Financial Position
30 June 2023
2023
2022
£
£
Fixed assets
156,632
156,632
---------
---------
Current assets
402,593
408,466
Creditors: amounts falling due within one year
3,624
164
---------
---------
Net current assets
398,969
408,302
---------
---------
Total assets less current liabilities
555,601
564,934
Accruals and deferred income
590
690
---------
---------
555,011
564,244
---------
---------
Capital and reserves
555,011
564,244
---------
---------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: Nil).
2. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Austin Byrne
12
3,988
( 6,499)
( 2,499)
Lisa Byrne
56,868
49,928
( 67,000)
39,796
--------
--------
--------
--------
56,880
53,916
( 73,499)
37,297
--------
--------
--------
--------
2022
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Austin Byrne
20,012
( 20,000)
12
Lisa Byrne
77,372
59,496
( 80,000)
56,868
--------
--------
---------
--------
77,372
79,508
( 100,000)
56,880
--------
--------
---------
--------
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 12 March 2024 , and are signed on behalf of the board by:
Lisa Byrne
Director
Company registration number: 02190555
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 3, Mill Lane Trade Park, Wylam Road, Liverpool, L13 4BF, England.