Abbreviated Company Accounts - TARGET UMBRELLA LIMITED
Abbreviated Company Accounts - TARGET UMBRELLA LIMITED
Registered Number NI601264
TARGET UMBRELLA LIMITED
Abbreviated Accounts
30 November 2014
TARGET UMBRELLA LIMITED Registered Number NI601264
Abbreviated Balance Sheet as at 30 November 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Current assets | |||
Debtors |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Accruals and deferred income |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 2 |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 30 November 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
TARGET UMBRELLA LIMITED Registered Number NI601264
Notes to the Abbreviated Accounts for the period ended 30 November 2014
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Other accounting policies
Accrued income relates to the amount of work carried out by contractors but unbilled at the period end. It is stated at the director's assessment of its recoverable value. Associated with the accrued income is an accrual for the cost of the purchase of the contractors.
Taxation
The tax currently payable is based upon taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes certain items of income and expenses that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's tax liability is calculated using tax rates that have been enacted or substantially enacted by the balance sheet date.