Company Registration No. 07007284 (England and Wales)
Target Associates Ltd
Unaudited accounts
for the year ended 30 October 2024
Target Associates Ltd
Unaudited accounts
Contents
Target Associates Ltd
Statement of financial position
as at 30 October 2024
Cash at bank and in hand
8,158
7,117
Creditors: amounts falling due within one year
(20,696)
(18,886)
Net current assets
16,555
21,390
Total assets less current liabilities
16,555
21,390
Creditors: amounts falling due after more than one year
(13,654)
(21,258)
Called up share capital
1
1
Profit and loss account
2,900
131
Shareholders' funds
2,901
132
For the year ending 30 October 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 director acknowledges his 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 and authorised for issue on 31 October 2025 and were signed on its behalf by
G D E Coomber
Director
Company Registration No. 07007284
Target Associates Ltd
Notes to the Accounts
for the year ended 30 October 2024
Target Associates Ltd is a private company, limited by shares, registered in England and Wales, registration number 07007284. The registered office is NM Business Suites, Abacus House Station Yard, Needham Market, Suffolk, IP6 8AS.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Target Associates Ltd
Notes to the Accounts
for the year ended 30 October 2024
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
26,580
25,818
Accrued income and prepayments
1,258
1,384
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,580
2,210
Taxes and social security
13,783
12,443
Loans from directors
1,118
3,280
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).