Target Fastenings Limited Filleted accounts for Companies House (small and micro)
Target Fastenings Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
02009921
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Statement of Financial Position |
2019 |
2018 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Stocks |
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Debtors |
6 |
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Cash at bank and in hand |
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--------- |
--------- |
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Creditors: amounts falling due within one year |
7 |
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--------- |
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Net current assets |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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(
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Net assets |
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Statement of Financial Position (continued) |
2019 |
2018 |
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Note |
£ |
£ |
£ |
Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
12 August 2019
, and are signed on behalf of the board by:
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Director |
Company registration number:
02009921
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Notes to the Financial Statements |
Year ended 30 June 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Chartfield House, Castle Street, Taunton, Somerset, TA1 4AS.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment |
- |
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Impairment of fixed assets
Stocks
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2018:
4
).
5.
Tangible assets
Equipment |
Total |
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£ |
£ |
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Cost |
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At 1 July 2018 |
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Additions |
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------- |
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At 30 June 2019 |
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Depreciation |
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At 1 July 2018 |
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Charge for the year |
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------- |
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At 30 June 2019 |
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------- |
------- |
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Carrying amount |
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At 30 June 2019 |
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------- |
------- |
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At 30 June 2018 |
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------- |
------- |
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6.
Debtors
2019 |
2018 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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--------- |
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7.
Creditors:
amounts falling due within one year
2019 |
2018 |
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£ |
£ |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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8.
Financial instruments at fair value
Basic financial instruments are recognised at amortised cost, except for investments 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.
9.
Related party transactions