Soft Target Limited
Unaudited Financial Statements
For the year ended 31 October 2024
Pages for Filing with Registrar
Company Registration No. 07053407 (England and Wales)
Soft Target Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
Soft Target Limited
Balance Sheet
As at 31 October 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,186
1,511
Current assets
Debtors
4
15,054
44,890
Cash at bank and in hand
100,056
205,487
115,110
250,377
Creditors: amounts falling due within one year
5
(14,313)
(20,019)
Net current assets
100,797
230,358
Total assets less current liabilities
102,983
231,869
Creditors: amounts falling due after more than one year
6
(10,000)
(20,000)
Net assets
92,983
211,869
Capital and reserves
Called up share capital
7
1
1
Profit and loss reserves
92,982
211,868
Total equity
92,983
211,869

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

For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has 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.

Soft Target Limited
Balance Sheet (Continued)
As at 31 October 2024
Page 2
The financial statements were approved and signed by the sole director and authorised for issue on 9 April 2025
Mr H  Greenhalgh
Director
Company Registration No. 07053407
Soft Target Limited
Notes to the Financial Statements
For the year ended 31 October 2024
Page 3
1
Accounting policies
Company information

Soft Target Limited is a private company limited by shares incorporated in England and Wales. The registered office is Charlotte Building, 17 Gresse Street, London, W1T 1QL.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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

 

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
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 and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion.

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:

Computer equipment
Straight line over 3 years period
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has only basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

Soft Target Limited
Notes to the Financial Statements (Continued)
For the year ended 31 October 2024
1
Accounting policies
(Continued)
Page 4
1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

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

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

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

2
Employees

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

2024
2023
Number
Number
Total
1
1
Soft Target Limited
Notes to the Financial Statements (Continued)
For the year ended 31 October 2024
Page 5
3
Tangible fixed assets
Computer Equipment
£
Cost
At 1 November 2023
6,834
Additions
2,324
At 31 October 2024
9,158
Depreciation and impairment
At 1 November 2023
5,323
Depreciation charged in the year
1,649
At 31 October 2024
6,972
Carrying amount
At 31 October 2024
2,186
At 31 October 2023
1,511
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
8,929
15,254
Corporation tax recoverable
3,886
-
0
Other debtors
978
426
Prepayments and accrued income
1,261
29,210
15,054
44,890
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,000
10,000
Trade creditors
1,224
2,100
Corporation tax
-
0
3,884
Other taxation and social security
3,076
2,933
Other creditors
13
922
Accruals and deferred income
-
0
180
14,313
20,019
Soft Target Limited
Notes to the Financial Statements (Continued)
For the year ended 31 October 2024
Page 6
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,000
20,000
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1
1
1
1
8
Related party transactions

As at the year end, the company was owed £293 (2023: £629 to) by H Greenhalgh. The balance was paid off within 6 months of the year end.

9
Ultimate controlling party

The ultimate controlling party is H Greenhalgh by virtue of his shareholding.

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