REGISTERED NUMBER: 08150155 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Targetgrange Bristol Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

BJ Patel

Mrs H Patel

JK Patel

Mrs S Patel

REGISTERED OFFICE:

Redland House

157 Redland Road

Redland

Bristol

BS6 6YE

REGISTERED NUMBER:

08150155 (England and Wales)

ACCOUNTANTS:

Wormald & Partners

Chartered Accountants (ICAEW)

Brunel House

11 The Promenade

Clifton Down

Bristol

BS8 3NG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

144,287

173,256

144,287

173,256

CURRENT ASSETS

Stocks

104,614

113,161

Debtors

6

393,586

359,373

Cash at bank and in hand

333,508

388,516

831,708

861,050

CREDITORS

Amounts falling due within one year

7

350,855

385,924

NET CURRENT ASSETS

480,853

475,126

TOTAL ASSETS LESS CURRENT LIABILITIES

625,140

648,382

CREDITORS

Amounts falling due after more than one year

8

(23,813

)

(49,232

)

PROVISIONS FOR LIABILITIES

9

(36,072

)

(43,314

)

NET ASSETS

565,255

555,836

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

11

565,254

555,835

SHAREHOLDERS' FUNDS

565,255

555,836

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 11 September 2025 and were signed on its behalf by:

BJ Patel - Director

1.	STATUTORY INFORMATION

Targetgrange Bristol 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, was being amortised evenly over its estimated useful life of ten years. On the adoption of FRS 102 for the Year Ended 31 December 2016, this was changed to amortise the goodwill over 5 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance basis

Computer equipment

-

33.33% on straight line basis

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

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 24 (2023 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

305,990

AMORTISATION

At 1 January 2024

and 31 December 2024

305,990

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Long

Plant and

Motor

Computer

leasehold

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

10,271

231,917

67,818

13,438

323,444

Additions

-

500

-

855

1,355

At 31 December 2024

10,271

232,417

67,818

14,293

324,799

DEPRECIATION

At 1 January 2024

3,424

105,107

29,670

11,987

150,188

Charge for year

684

19,065

9,537

1,038

30,324

At 31 December 2024

4,108

124,172

39,207

13,025

180,512

NET BOOK VALUE

At 31 December 2024

6,163

108,245

28,611

1,268

144,287

At 31 December 2023

6,847

126,810

38,148

1,451

173,256

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

208,728

205,031

Amounts owed by group undertakings

100,218

66,990

Other debtors

61,823

65,049

Prepayments

22,817

22,303

393,586

359,373

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

7,214

-

Hire purchase contracts

15,518

15,718

Trade creditors

258,220

326,652

Tax

33,464

5,784

Social security and other taxes

3,537

4,489

Other creditors

25,695

27,489

Accrued expenses

7,207

5,792

350,855

385,924

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Barclays Bounceback Loan

14,167

24,167

Hire purchase contracts

9,646

25,065

23,813

49,232

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

36,072

43,314

Deferred

tax

£

Balance at 1 January 2024

43,314

Provided during year

(7,242

)

Balance at 31 December 2024

36,072

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1

11.

RESERVES

Retained

earnings

£

At 1 January 2024

555,835

Profit for the year

84,919

Dividends

(75,500

)

At 31 December 2024

565,254

12.	RELATED PARTY DISCLOSURES

Sanvi Holdings Limited

Parent Company

The company provided a loan to Sanvi Holdings Limited, its parent company. At the year end, the balance due from Sanvi Holdings Limited amounted to £103,718 [2023: (£66,990)]

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Sanvi Holdings Limited.