Company Registration No. 11821820 (England and Wales)
Target Global Ltd
Unaudited accounts
for the period from 1 March 2024 to 30 June 2025
Target Global Ltd
Unaudited accounts
Contents
Target Global Ltd
Company Information
for the period from 1 March 2024 to 30 June 2025
Company Number
11821820 (England and Wales)
Registered Office
Richmond House
Walkern Road
Stevenage
SG1 3QP
England
Accountants
Ratiobox Limited
17-19 Sawmills Road
Diss
IP22 4GG
Target Global Ltd
Statement of financial position
as at 30 June 2025
Tangible assets
15,280
7,997
Cash at bank and in hand
11,209
3,210
Creditors: amounts falling due within one year
(50,030)
(57,734)
Net current assets
17,801
27,116
Total assets less current liabilities
33,081
35,113
Creditors: amounts falling due after more than one year
(29,981)
(37,809)
Provisions for liabilities
Net assets/(liabilities)
197
(2,696)
Called up share capital
100
100
Profit and loss account
97
(2,796)
Shareholders' funds
197
(2,696)
For the period ending 30 June 2025 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 24 June 2026 and were signed on its behalf by
R M Sinclair
Director
Company Registration No. 11821820
Target Global Ltd
Notes to the Accounts
for the period from 1 March 2024 to 30 June 2025
Target Global Ltd is a private company, limited by shares, registered in England and Wales, registration number 11821820. The registered office is Richmond House, Walkern Road, Stevenage, SG1 3QP, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Target Global Ltd
Notes to the Accounts
for the period from 1 March 2024 to 30 June 2025
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 assets and liabilities are not discounted.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2024
4,871
6,987
11,858
Additions
2,729
10,935
13,664
At 30 June 2025
7,600
17,922
25,522
At 1 March 2024
900
2,961
3,861
Charge for the period
1,900
4,481
6,381
At 30 June 2025
2,800
7,442
10,242
At 30 June 2025
4,800
10,480
15,280
At 28 February 2024
3,971
4,026
7,997
Amounts falling due within one year
Trade debtors
14,406
2,436
Other debtors
11,695
60,189
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
5,000
5,000
Trade creditors
7,653
2,541
Taxes and social security
31,517
44,047
7
Creditors: amounts falling due after more than one year
2025
2024
Target Global Ltd
Notes to the Accounts
for the period from 1 March 2024 to 30 June 2025
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
At the reporting date the directors owed £Nil (2024: £34,651) to the company. The balance can be found within debtors and no interest is being charged on this.
The parent undertaking is Tanwood Properties Ltd. Their address is Richmond House, Walkern Road, Stevenage, SG1 3QP.
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Average number of employees
During the period the average number of employees was 2 (2024: 1).