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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
Page
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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
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Target Food Stores Ltd Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
100,746 
122,648 
Current assets
Inventories
160,519 
139,520 
Cash at bank and in hand
7,362 
670 
167,881 
140,190 
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
Deferred tax
(18,292)
- 
Net assets
22,078 
2 
Capital and reserves
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
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Target Food Stores Ltd Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
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.
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
25% SLM
Motor vehicles
25% RBM
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 
Depreciation
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 
Net book value
At 30 November 2024
577 
8,421 
91,405 
343 
100,746 
At 30 November 2023
854 
10,792 
110,416 
586 
122,648 
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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 
VAT
(5,742)
227 
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 
228,257 
262,836 
6
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
25,186 
- 
Tax losses carried forward
(6,894)
- 
18,292 
- 
2024 
2023 
£ 
£ 
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).
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