Company Registration No. 10774527 (England and Wales)
Target Damp Limited
Unaudited accounts
for the year ended 31 May 2024
Target Damp Limited
Unaudited accounts
Contents
Target Damp Limited
Company Information
for the year ended 31 May 2024
Directors
Edward Scott Jamieson
Rickie Mcintosh
Company Number
10774527 (England and Wales)
Registered Office
UNIT 14 QUEENBOROUGH BUSINESS PARK
QUEENBOROUGH
KENT
ENGLAND
Accountants
Sam Bassant Accountancy Services Limited
1 Coldbath Square
London
EC1R 5HL
Target Damp Limited
Statement of financial position
as at 31 May 2024
Tangible assets
50,673
41,026
Cash at bank and in hand
163,187
35,160
Creditors: amounts falling due within one year
(161,106)
(104,992)
Net current assets
70,430
8,445
Total assets less current liabilities
121,103
49,471
Creditors: amounts falling due after more than one year
(8,162)
(19,542)
Called up share capital
100
100
Profit and loss account
112,841
29,829
Shareholders' funds
112,941
29,929
For the year ending 31 May 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 31 May 2025 and were signed on its behalf by
Edward Scott Jamieson
Director
Company Registration No. 10774527
Target Damp Limited
Notes to the Accounts
for the year ended 31 May 2024
Target Damp Limited is a private company, limited by shares, registered in England and Wales, registration number 10774527. The registered office is UNIT 14 QUEENBOROUGH BUSINESS PARK, QUEENBOROUGH, KENT, 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:
Plant & machinery
20% reducing balanace method
Motor vehicles
25% reducing balance method
Computer equipment
20% straight line method
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
2,172
63,316
1,785
67,273
Additions
-
23,596
2,630
26,226
At 31 May 2024
2,172
86,912
4,415
93,499
At 1 June 2023
789
24,340
1,118
26,247
Charge for the year
277
15,643
659
16,579
At 31 May 2024
1,066
39,983
1,777
42,826
At 31 May 2024
1,106
46,929
2,638
50,673
At 31 May 2023
1,383
38,976
667
41,026
Amounts falling due within one year
Trade debtors
65,849
75,777
Target Damp Limited
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,264
9,264
Obligations under finance leases and hire purchase contracts
-
2,562
Trade creditors
32,925
16,269
Taxes and social security
65,879
51,027
Loans from directors
37,233
(4,843)
Deferred income
20,000
20,000
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
2,116
8
Average number of employees
During the year the average number of employees was 9 (2023: 6).