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Company Registration No. 13624603 (England and Wales)
On Target Accounting Ltd Unaudited accounts for the year ended 31 December 2024
On Target Accounting Ltd Unaudited accounts Contents
Page
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On Target Accounting Ltd Company Information for the year ended 31 December 2024
Director
Mr Sam Blackford ACA
Company Number
13624603 (England and Wales)
Registered Office
105 Chineway Gardens Ottery St Mary Devon EX11 1JJ
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On Target Accounting Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
6,974 
7,936 
Tangible assets
2,519 
3,483 
9,493 
11,419 
Current assets
Debtors
8,713 
3,572 
Cash at bank and in hand
5,276 
4,676 
13,989 
8,248 
Creditors: amounts falling due within one year
(10,175)
(15,113)
Net current assets/(liabilities)
3,814 
(6,865)
Net assets
13,307 
4,554 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
13,207 
4,454 
Shareholders' funds
13,307 
4,554 
For the year ending 31 December 2024 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 January 2025 and were signed on its behalf by
Mr Sam Blackford ACA Director Company Registration No. 13624603
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On Target Accounting Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
On Target Accounting Ltd is a private company, limited by shares, registered in England and Wales, registration number 13624603. The registered office is 105 Chineway Gardens, Ottery St Mary, Devon, EX11 1JJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation and reviewed annually for any impairment. Goodwill is amortised over the lesser of it's estimated useful life or 10 years.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
9,620 
At 31 December 2024
9,620 
Amortisation
At 1 January 2024
1,684 
Charge for the year
962 
At 31 December 2024
2,646 
Net book value
At 31 December 2024
6,974 
At 31 December 2023
7,936 
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On Target Accounting Ltd Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2024
4,821 
At 31 December 2024
4,821 
Depreciation
At 1 January 2024
1,338 
Charge for the year
964 
At 31 December 2024
2,302 
Net book value
At 31 December 2024
2,519 
At 31 December 2023
3,483 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,772 
2,162 
Accrued income and prepayments
4,817 
1,410 
Other debtors
1,124 
- 
8,713 
3,572 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
3,890 
1,640 
Other creditors
903 
- 
Loans from directors
5,382 
1,635 
Accruals
- 
11,400 
Deferred income
- 
438 
10,175 
15,113 
8
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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