Target Umbrella Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: NI601264 (Northern Ireland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 NOVEMBER 2021

FOR

TARGET UMBRELLA LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

B A R Newton

REGISTERED OFFICE:

6 Margaret Street

Newry

BT34 1DF

REGISTERED NUMBER:

NI601264 (Northern Ireland)

ACCOUNTANTS:

Moss & Williamson Limited

Chartered Accountants

Booth Street Chambers

Ashton-under-Lyne

Lancashire

OL6 7LQ

FIXED ASSETS

Intangible assets

4

3,606

14,422

CURRENT ASSETS

Debtors

1,020,681

2,925,254

Cash at bank

88,034

98,065

1,108,715

3,023,319

CREDITORS

Amounts falling due within one year

777,651

2,740,040

NET CURRENT ASSETS

331,064

283,279

TOTAL ASSETS LESS CURRENT LIABILITIES

334,670

297,701

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

334,669

297,700

SHAREHOLDERS' FUNDS

334,670

297,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 29 November 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 29 November 2022 and were signed by:

B A R Newton - Director

1.	STATUTORY INFORMATION

Target Umbrella Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered address may be found on the Company Information page.

The presentation currency of the financial statements is Sterling.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and other assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or the period of revision and future periods where the revision affects both current and future periods.

Turnover

Turnover represents the value of services provided where the right to consideration has been obtained.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 139 (2020 - 365 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 30 November 2020

and 29 November 2021

32,450

AMORTISATION

At 30 November 2020

18,028

Amortisation for year

10,816

At 29 November 2021

28,844

NET BOOK VALUE

At 29 November 2021

3,606

At 29 November 2020

14,422

5.	ULTIMATE CONTROLLING PARTY

The controlling party is B A R Newton.