Company registration number 13060754 (England and Wales)
TARGETT MARKETING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
TARGETT MARKETING LIMITED
COMPANY INFORMATION
Directors
Mr C Targett
Mrs F E Targett
Mr P K Targett
Company number
13060754
Registered office
2nd Floor
Prospect House
Church Green West
Redditch
Worcestershire
B97 4DU
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Starling Bank Limited
3rd Floor
2 Finsbury Avenue
London
EC2M 2PP
TARGETT MARKETING LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
TARGETT MARKETING LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TARGETT MARKETING LIMITED FOR THE YEAR ENDED 31 DECEMBER 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Targett Marketing Limited for the year ended 31 December 2023 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Targett Marketing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Targett Marketing Limited and state those matters that we have agreed to state to the board of directors of Targett Marketing Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Targett Marketing Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Targett Marketing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Targett Marketing Limited. You consider that Targett Marketing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Targett Marketing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited
19 March 2024
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
TARGETT MARKETING LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
7,840
8,960
Tangible assets
4
27,659
37,040
35,499
46,000
Current assets
Debtors
5
9,315
9,310
Cash at bank and in hand
100,134
105,727
109,449
115,037
Creditors: amounts falling due within one year
6
(2,131)
(54,533)
Net current assets
107,318
60,504
Total assets less current liabilities
142,817
106,504
Provisions for liabilities
7
-
0
(7,026)
Net assets
142,817
99,478
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
142,717
99,378
Total equity
142,817
99,478

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

TARGETT MARKETING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2023
31 December 2023
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 19 March 2024 and are signed on its behalf by:
Mr C Targett
Director
Company registration number 13060754 (England and Wales)
TARGETT MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
1
Accounting policies
Company information

Targett Marketing Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2nd Floor, Prospect House, Church Green West, Redditch, Worcestershire, United Kingdom, B97 4DU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is ten years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% on reducing balance
Computer equipment
33% on cost
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

TARGETT MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
5
4
TARGETT MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 6 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2023 and 31 December 2023
11,200
Amortisation and impairment
At 1 January 2023
2,240
Amortisation charged for the year
1,120
At 31 December 2023
3,360
Carrying amount
At 31 December 2023
7,840
At 31 December 2022
8,960
4
Tangible fixed assets
Fixtures and fittings
Computer equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2023
1,738
8,270
42,999
53,007
Additions
409
2,118
-
0
2,527
At 31 December 2023
2,147
10,388
42,999
55,534
Depreciation and impairment
At 1 January 2023
617
4,600
10,750
15,967
Depreciation charged in the year
387
3,459
8,062
11,908
At 31 December 2023
1,004
8,059
18,812
27,875
Carrying amount
At 31 December 2023
1,143
2,329
24,187
27,659
At 31 December 2022
1,121
3,670
32,249
37,040
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
8,992
9,300
Other debtors
-
0
10
8,992
9,310
Deferred tax asset
323
-
0
9,315
9,310
TARGETT MARKETING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 7 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
-
0
168
Taxation and social security
-
0
30,183
Other creditors
2,131
24,182
2,131
54,533
7
Provisions for liabilities
2023
2022
£
£
Deferred tax liabilities
-
0
7,026
8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
20
20
20
20
Ordinary A of £1 each
20
20
20
20
Ordinary B of £1 each
20
20
20
20
Ordinary C of £1 each
20
20
20
20
Ordinary D of £1 each
5
5
5
5
Ordinary E of £1 each
15
15
15
15
100
100
100
100
9
Ultimate controlling party

There is no ultimate controlling party.

2023-12-312023-01-01false19 March 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr C TargettMrs F E TargettMr P K Targettfalse130607542023-01-012023-12-3113060754bus:Director12023-01-012023-12-3113060754bus:Director22023-01-012023-12-3113060754bus:Director32023-01-012023-12-3113060754bus:RegisteredOffice2023-01-012023-12-3113060754bus:Agent12023-01-012023-12-31130607542023-12-31130607542022-12-3113060754core:NetGoodwill2023-12-3113060754core:NetGoodwill2022-12-3113060754core:FurnitureFittings2023-12-3113060754core:ComputerEquipment2023-12-3113060754core:MotorVehicles2023-12-3113060754core:FurnitureFittings2022-12-3113060754core:ComputerEquipment2022-12-3113060754core:MotorVehicles2022-12-3113060754core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3113060754core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3113060754core:CurrentFinancialInstruments2023-12-3113060754core:CurrentFinancialInstruments2022-12-3113060754core:ShareCapital2023-12-3113060754core:ShareCapital2022-12-3113060754core:RetainedEarningsAccumulatedLosses2023-12-3113060754core:RetainedEarningsAccumulatedLosses2022-12-3113060754core:ShareCapitalOrdinaryShares2023-12-3113060754core:ShareCapitalOrdinaryShares2022-12-3113060754core:Goodwill2023-01-012023-12-3113060754core:FurnitureFittings2023-01-012023-12-3113060754core:ComputerEquipment2023-01-012023-12-3113060754core:MotorVehicles2023-01-012023-12-31130607542022-01-012022-12-3113060754core:NetGoodwill2022-12-3113060754core:NetGoodwill2023-01-012023-12-3113060754core:FurnitureFittings2022-12-3113060754core:ComputerEquipment2022-12-3113060754core:MotorVehicles2022-12-31130607542022-12-3113060754core:WithinOneYear2023-12-3113060754core:WithinOneYear2022-12-3113060754bus:PrivateLimitedCompanyLtd2023-01-012023-12-3113060754bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3113060754bus:FRS1022023-01-012023-12-3113060754bus:AuditExemptWithAccountantsReport2023-01-012023-12-3113060754bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP