Company Registration No. 14495848 (England and Wales)
Target Food Stores Ltd
Unaudited accounts
for the year ended 30 November 2024
Target Food Stores Ltd
Unaudited accounts
Contents
Target Food Stores Ltd
Company Information
for the year ended 30 November 2024
Directors
Cagdas Duran
Hasan Ferhat Baybasin
Company Number
14495848 (England and Wales)
Registered Office
85-89 Alfreton Road
Radford
Nottingham
NG7 3JL
England
Accountants
WIM Consulting Ltd
37 New North road
Hainault
Ilford
Essex
IG6 2UE
Target Food Stores Ltd
Statement of financial position
as at 30 November 2024
Tangible assets
100,746
122,648
Inventories
160,519
139,520
Cash at bank and in hand
7,362
670
Creditors: amounts falling due within one year
(228,257)
(262,836)
Net current liabilities
(60,376)
(122,646)
Total assets less current liabilities
40,370
2
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
22,076
-
Shareholders' funds
22,078
2
For the year ending 30 November 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 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 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 of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by
Cagdas Duran
Director
Company Registration No. 14495848
Target Food Stores Ltd
Notes to the Accounts
for the year ended 30 November 2024
Target Food Stores Ltd is a private company, limited by shares, registered in England and Wales, registration number 14495848. The registered office is 85-89 Alfreton Road, Radford, Nottingham, NG7 3JL, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
25% SLM
Computer equipment
33% SLM
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2023
1,108
14,000
115,345
727
131,180
Additions
-
-
13,100
-
13,100
At 30 November 2024
1,108
14,000
128,445
727
144,280
At 1 December 2023
254
3,208
4,929
141
8,532
Charge for the year
277
2,371
32,111
243
35,002
At 30 November 2024
531
5,579
37,040
384
43,534
At 30 November 2024
577
8,421
91,405
343
100,746
At 30 November 2023
854
10,792
110,416
586
122,648
Target Food Stores Ltd
Notes to the Accounts
for the year ended 30 November 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
11,651
Trade creditors
47,123
51,145
Taxes and social security
4,111
2
Other creditors
16,144
32,931
Loans from directors
166,621
166,880
6
Deferred taxation
2024
2023
Accelerated capital allowances
25,186
-
Tax losses carried forward
(6,894)
-
Charged to the profit and loss account
18,292
-
Provision at end of year
18,292
-
7
Average number of employees
During the year the average number of employees was 11 (2023: 5).