Target Roofing Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06660619 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

Target Roofing Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Darren James Edwards

Debbie May Rimmington

SECRETARY:

KT Accountants Limited

REGISTERED OFFICE:

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

REGISTERED NUMBER:

06660619 (England and Wales)

ACCOUNTANTS:

KT Accountants Limited

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

FIXED ASSETS

Tangible assets

2

18,671

24,081

CURRENT ASSETS

Debtors

12,600

25,356

Cash at bank

78,878

43,244

91,478

68,600

CREDITORS

Amounts falling due within one year

104,195

91,529

NET CURRENT LIABILITIES

(12,717

)

(22,929

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,954

1,152

PROVISIONS FOR LIABILITIES

3,600

-

NET ASSETS

2,354

1,152

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

2,352

1,150

SHAREHOLDERS' FUNDS

2,354

1,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 10 February 2017 and were signed on its behalf by:

Darren James Edwards - Director

Debbie May Rimmington - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

39,354

Additions

815

At 30 September 2016

40,169

DEPRECIATION

At 1 October 2015

15,273

Charge for year

6,225

At 30 September 2016

21,498

NET BOOK VALUE

At 30 September 2016

18,671

At 30 September 2015

24,081

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

£

2

Ordinary

£1

2

2