Registration number: 10791492

Target Construction Projects Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Target Construction Projects Ltd

Company Information

Director

Mr Stuart George Hulland

Registered office

1 Market Hill Calne Wiltshire SN11 0BT

Accountants

RiverView Portfolio Limited 1 Market Hill Calne Wiltshire SN11 0BT

Target Construction Projects Ltd

(Registration number: 10791492)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	6	431	1,933
Current assets
Debtors	8	64,067	91,121
Cash at bank and in hand		(1)	4,591
		64,066	95,712
Creditors: Amounts falling due within one year	9	(51,335)	(46,266)
Net current assets		12,731	49,446
Total assets less current liabilities		13,162	51,379
Creditors: Amounts falling due after more than one year	9	(24,724)	(49,934)
Net (liabilities)/assets		(11,562)	1,445
Capital and reserves
Called up share capital		2,000	2,000
Retained earnings		(13,562)	(555)
Shareholders' (deficit)/funds		(11,562)	1,445

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 29 September 2025
 

......................................... Mr Stuart George Hulland Director

Target Construction Projects Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Market Hill
Calne
Wiltshire
SN11 0BT
England

These financial statements were authorised for issue by the director on 29 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Target Construction Projects Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

2	Accounting policies (continued)

Asset class	Depreciation method and rate
Office equipment	25% Straight line
Vehicles, plant and machinery	25% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Target Construction Projects Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4	Loss/profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	178	667

Target Construction Projects Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

5	Intangible assets

Cost or valuation

Amortisation

Carrying amount

At 31 May 2025

6	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 June 2024	15,711	15,711
Additions	575	575
Disposals	(15,447)	(15,447)
At 31 May 2025	839	839
Depreciation
At 1 June 2024	13,778	13,778
Charge for the year	179	179
Eliminated on disposal	(13,549)	(13,549)
At 31 May 2025	408	408
Carrying amount
At 31 May 2025	431	431
At 31 May 2024	1,933	1,933

7

Stocks

2025 £

2024 £

8

Debtors

Target Construction Projects Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

8	Debtors (continued)

Current	Note	2025 £	2024 £
Amounts owed by related parties		19,935	-
Prepayments		229	415
Other debtors		43,903	90,706
		64,067	91,121

9

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		7,396	-
Trade creditors		2,666	(5,207)
Taxation and social security		37,648	49,431
Accruals and deferred income		3,625	2,042
		51,335	46,266

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		24,724	26,499
Other non-current financial liabilities		-	23,435
		24,724	49,934