Target Building Limited - Filleted accounts

Registered number

09365966

Target Building Limited

Filleted Accounts

31 December 2025

Target Building Limited
Registered number:		09365966
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		203			271

Current assets
Debtors	4	96,746			37,072
Cash at bank and in hand		246			12,197
		96,992			49,269

Creditors: amounts falling due within one year	5	(131,641)			(66,403)

Net current liabilities			(34,649)			(17,134)

Total assets less current liabilities			(34,446)			(16,863)


Provisions for liabilities			-			(52)


Net liabilities			(34,446)			(16,915)

Capital and reserves
Called up share capital			1			1
Profit and loss account			(34,447)			(16,916)

Shareholder's funds			(34,446)			(16,915)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.






G R Caws
Director
Approved by the board on 14 September 2026

Target Building Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	25% reducing balance basis

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Going concern
	The company meets its day to day requirements through the continued support of the creditors, the bank and the shareholder. The director considers that the company will operate within its current facilities. However, the margin of facilities over the requirements is not large and, inherently, there can be no certainty to these matters. On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustment that would result in a withdrawal of the support of the creditors, the bank or the shareholder.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		1		1


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 January 2025				296
	At 31 December 2025				296

	Depreciation
	At 1 January 2025				25
	Charge for the year				68
	At 31 December 2025				93

	Net book value
	At 31 December 2025				203
	At 31 December 2024				271


4	Debtors		2025		2024
£				£

	Other debtors		96,746		37,072


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		17,302		-
	Trade creditors		13,817		14,393
	Taxation and social security costs		87,885		42,595
	Other creditors		12,637		9,415
			131,641		66,403


6	Other information

	Target Building Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Hunters End, Titchfield Lane
	Wickham
	Fareham
	Hampshire
	PO17 5NX