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REGISTERED NUMBER: 07600248 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

TARGET FIRE SYSTEMS LIMITED

TARGET FIRE SYSTEMS LIMITED (REGISTERED NUMBER: 07600248)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TARGET FIRE SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: R P Frost
R G Appleby
S E Ellsmore





REGISTERED OFFICE: 3 West Lodges
Dunston Business Village
Dunston
Stafford
ST18 9AB





REGISTERED NUMBER: 07600248 (England and Wales)





ACCOUNTANTS: Wentworths & Associates Limited
White Hart House
Silwood Road
Ascot
Berkshire
SL5 0PY

TARGET FIRE SYSTEMS LIMITED (REGISTERED NUMBER: 07600248)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 92,776 43,186

CURRENT ASSETS
Stocks 65,911 36,968
Debtors 5 601,233 391,554
Prepayments and accrued income 19,391 3,899
Cash at bank 204,600 42,347
891,135 474,768
CREDITORS
Amounts falling due within one year 6 557,584 264,587
NET CURRENT ASSETS 333,551 210,181
TOTAL ASSETS LESS CURRENT
LIABILITIES

426,327

253,367

CREDITORS
Amounts falling due after more than one
year

7

(25,199

)

(5,923

)

PROVISIONS FOR LIABILITIES (23,194 ) (8,780 )
NET ASSETS 377,934 238,664

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 377,634 238,364
377,934 238,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TARGET FIRE SYSTEMS LIMITED (REGISTERED NUMBER: 07600248)

BALANCE SHEET - continued
31 JULY 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2025 and were signed on its behalf by:




R P Frost - Director S E Ellsmore - Director




R G Appleby - Director


TARGET FIRE SYSTEMS LIMITED (REGISTERED NUMBER: 07600248)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Target Fire Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

TARGET FIRE SYSTEMS LIMITED (REGISTERED NUMBER: 07600248)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 August 2023 20,179 81,611 101,790
Additions - 84,551 84,551
Disposals - (26,287 ) (26,287 )
At 31 July 2024 20,179 139,875 160,054
DEPRECIATION
At 1 August 2023 12,148 46,456 58,604
Charge for year 2,007 32,954 34,961
Eliminated on disposal - (26,287 ) (26,287 )
At 31 July 2024 14,155 53,123 67,278
NET BOOK VALUE
At 31 July 2024 6,024 86,752 92,776
At 31 July 2023 8,031 35,155 43,186

TARGET FIRE SYSTEMS LIMITED (REGISTERED NUMBER: 07600248)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023 44,784
Additions 45,101
At 31 July 2024 89,885
DEPRECIATION
At 1 August 2023 19,509
Charge for year 17,707
At 31 July 2024 37,216
NET BOOK VALUE
At 31 July 2024 52,669
At 31 July 2023 25,275

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 540,516 340,527
Other debtors 60,717 51,027
601,233 391,554

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 21,930 12,801
Trade creditors 321,563 175,375
Taxation and social security 134,204 53,797
Other creditors 79,887 22,614
557,584 264,587

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 25,199 5,923

TARGET FIRE SYSTEMS LIMITED (REGISTERED NUMBER: 07600248)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
S E Ellsmore
Balance outstanding at start of year - 7,500
Amounts repaid - (7,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

R G Appleby
Balance outstanding at start of year - 7,500
Amounts repaid - (7,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -