ACCOUNTS - Final Accounts preparation

Company registration number: NI708204

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE PERIOD ENDED 31 JANUARY 2025

	TARGET EUROPE LTD


TARGET EUROPE LTD

COMPANY INFORMATION

Director	R M Sinclair (appointed 12 January 2024)


Registered number	NI708204


Registered office	23 Hydepark Road
	Newtownabbey
	BT36 4PY


Accountants	Menzies LLP
	Chartered Accountants
	Richmond House
	Walkern Road
	Stevenage
	Hertfordshire
	SG1 3QP


TARGET EUROPE LTD

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 5


TARGET EUROPE LTD REGISTERED NUMBER:NI708204

STATEMENT OF FINANCIAL POSITION

AS AT 31 JANUARY 2025

		2025
Note		£


Current assets
Debtors: amounts falling due within one year	19,675
	19,675
Creditors: amounts falling due within one year	(19,321)
Net current assets		354
Total assets less current liabilities		354

Net assets		354

Capital and reserves
Called up share capital			1
Profit and loss account			353
			354

Page 1


TARGET EUROPE LTD REGISTERED NUMBER:NI708204

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JANUARY 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

R M Sinclair

Director

Date: 24 October 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2


TARGET EUROPE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2025

1.	General information

Target Europe Ltd is a private company, limited by shares, registered in Northern Ireland. The company's registered number and registered office address can be found on the company information page.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3


TARGET EUROPE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2025

2.Accounting policies (continued)

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Employees

The average monthly number of employees, including directors, during the period was 1.

Debtors

					2025
					£


	Trade debtors	18,174
	Amounts owed by connected companies	1,500
	Other debtors	1
		19,675

Page 4


TARGET EUROPE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2025

5.	Creditors: Amounts falling due within one year
		2025
		£

	Corporation tax	83
	Accruals and deferred income	19,238
		19,321

6.Director's personal guarantees

At the reporting date the director owed £1 to the company. The balance can be found within debtors and no interestis being charged on this.

7.	Related party transactions
	At the balance sheet date the company was owed £1,500 by a company under common control. The balance can be found within debtors due within one year. No interest is being charged on this loan.

Page 5