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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
Page
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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
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Target Damp Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
50,673 
41,026 
Current assets
Inventories
2,500 
2,500 
Debtors
65,849 
75,777 
Cash at bank and in hand
163,187 
35,160 
231,536 
113,437 
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)
Net assets
112,941 
29,929 
Capital and reserves
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
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Target Damp Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
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
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 
Depreciation
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 
Net book value
At 31 May 2024
1,106 
46,929 
2,638 
50,673 
At 31 May 2023
1,383 
38,976 
667 
41,026 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
65,849 
75,777 
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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 
VAT
(4,195)
10,713 
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 
161,106 
104,992 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,162 
17,426 
Obligations under finance leases and hire purchase contracts
- 
2,116 
8,162 
19,542 
8
Average number of employees
During the year the average number of employees was 9 (2023: 6).
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