REGISTERED NUMBER: 06660619 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2017

for

Target Roofing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Edwards

Miss D M Rimmington

REGISTERED OFFICE:

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

BUSINESS ADDRESS:

3 Glebe Close

Hayling Island

Hampshire

PO11 0LB

REGISTERED NUMBER:

06660619 (England and Wales)

ACCOUNTANTS:

KT Accountants Limited

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

FIXED ASSETS

Tangible assets

4

19,305

18,671

CURRENT ASSETS

Debtors

5

12,246

12,600

Cash at bank

35,408

78,878

47,654

91,478

CREDITORS

Amounts falling due within one year

6

62,195

104,195

NET CURRENT LIABILITIES

(14,541

)

(12,717

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,764

5,954

PROVISIONS FOR LIABILITIES

3,563

3,600

NET ASSETS

1,201

2,354

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

1,199

2,352

SHAREHOLDERS' FUNDS

1,201

2,354

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 3 January 2018 and were signed on its behalf by:

D J Edwards - Director

Miss D M Rimmington - Director

1.	STATUTORY INFORMATION

Target Roofing Limited is a private company, limited by shares , registered in England and

Wales. 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

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2016

40,169

Additions

7,071

At 30 September 2017

47,240

DEPRECIATION

At 1 October 2016

21,498

Charge for year

6,437

At 30 September 2017

27,935

NET BOOK VALUE

At 30 September 2017

19,305

At 30 September 2016

18,671

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade debtors

11,460

12,600

Other debtors

786

-

12,246

12,600

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade creditors

7,649

14,574

Taxation and social security

13,168

26,426

Other creditors

41,378

63,195

62,195

104,195

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.17

30.9.16

value:

£

£

2

Ordinary shares

£2

2

2

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended

30 September 2017 and 30 September 2016:

30.9.17

30.9.16

£

£

D J Edwards and Miss D M Rimmington

Balance outstanding at start of year

(56,027

)

(61,295

)

Amounts advanced

91,977

84,468

Amounts repaid

(72,154

)

(79,200

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(36,204

)

(56,027

)