Acorah Software Products - Accounts Production 14.5.501 false true 31 August 2022 2 July 2021 false 1 September 2022 31 August 2023 31 August 2023 13490638 Mrs Gillian Humphries Mr Aidan Humphries iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13490638 2022-08-31 13490638 2023-08-31 13490638 2022-09-01 2023-08-31 13490638 frs-core:CurrentFinancialInstruments 2023-08-31 13490638 frs-core:Non-currentFinancialInstruments 2023-08-31 13490638 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 13490638 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 13490638 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-08-31 13490638 frs-core:ShareCapital 2023-08-31 13490638 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 13490638 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 13490638 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 13490638 frs-bus:SmallEntities 2022-09-01 2023-08-31 13490638 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 13490638 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 13490638 frs-bus:Director1 2022-09-01 2023-08-31 13490638 frs-bus:Director2 2022-09-01 2023-08-31 13490638 frs-core:CurrentFinancialInstruments 1 2023-08-31 13490638 frs-countries:EnglandWales 2022-09-01 2023-08-31 13490638 2021-07-01 13490638 2022-08-31 13490638 2021-07-02 2022-08-31 13490638 frs-core:CurrentFinancialInstruments 2022-08-31 13490638 frs-core:Non-currentFinancialInstruments 2022-08-31 13490638 frs-core:ShareCapital 2022-08-31 13490638 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31 13490638 frs-core:CurrentFinancialInstruments 1 2022-08-31
Registered number: 13490638
AG Target Enterprises Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
TaxAssist Accountants - Ashby
2b Derby Road
Ashby-De-La-Zouch
Leicestershire
LE65 2HE
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13490638
31 August 2023 31 August 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,290,720 1,290,720
1,290,720 1,290,720
CURRENT ASSETS
Debtors 5 100 -
Cash at bank and in hand 8,709 5,180
8,809 5,180
Creditors: Amounts Falling Due Within One Year 6 (450,451 ) (447,426 )
NET CURRENT ASSETS (LIABILITIES) (441,642 ) (442,246 )
TOTAL ASSETS LESS CURRENT LIABILITIES 849,078 848,474
Creditors: Amounts Falling Due After More Than One Year 7 (859,452 ) (861,579 )
NET LIABILITIES (10,374 ) (13,105 )
CAPITAL AND RESERVES
Called up share capital 8 100 -
Profit and Loss Account (10,474 ) (13,105 )
SHAREHOLDERS' FUNDS (10,374) (13,105)
Page 1
Page 2
For the year ending 31 August 2023 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Gillian Humphries
Director
Mr Aidan Humphries
Director
31st October 2023
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
AG Target Enterprises Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13490638 . The registered office is 2b Derby Road, Ashby-De-La-Zouch, Leicestershire, LE65 2HE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 September 2022 1,290,720
As at 31 August 2023 1,290,720
Net Book Value
As at 31 August 2023 1,290,720
As at 1 September 2022 1,290,720
5. Debtors
31 August 2023 31 August 2022
£ £
Due within one year
Called up share capital not paid 100 -
100 -
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
31 August 2023 31 August 2022
£ £
Other creditors (1) 2,198 -
Directors' loan accounts 448,253 447,426
450,451 447,426
7. Creditors: Amounts Falling Due After More Than One Year
31 August 2023 31 August 2022
£ £
Bank loans 859,452 861,579
859,452 861,579
8. Share Capital
31 August 2023 31 August 2022
£ £
Called Up Share Capital not Paid 100 -
Amount of Allotted, Called Up Share Capital 100 -
9. Directors Loans to the Company
The Director's provided a working capital loan to the company during the year to meet company Investment and expenses. The balance outstanding to the Director's as at 31st August 2023 was £448,252. The balance due to Mrs G Humphries was £339,846. The balance due to Mr A Humphries was £108,406. The loan has no prescribed method of repayment a This amount outstanding is included under the classification of Current Liabilities.
Page 4