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

REGISTERED NUMBER: SC141884 (Scotland)

Unaudited Financial Statements for the Year Ended 31st March 2022

for

Target Discount Limited

Page

Chartered Accountants' Report

1

Balance Sheet

2

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement is not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Target Discount Limited for the year ended 31st March 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Target Discount Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Target Discount Limited and state those matters that we have agreed to state to the Board of Directors of Target Discount Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Target Discount Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Target Discount Limited. You consider that Target Discount Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Target Discount Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Frame Kennedy

4th Floor Metropolitan House

31-33 High Street

Inverness

IV1 1HT

8th February 2023

Fixed assets

150,668

121,079

Current assets

166,121

172,592

Creditors

Amounts falling due within one year

(86,631

)

(58,703

)

Net current assets

79,490

113,889

Total assets less current liabilities

230,158

234,968

Creditors

Amounts falling due after more than one year

526,025

540,000

Net liabilities

(295,867

)

(305,032

)

Capital and reserves

(295,867

)

(305,032

)

Notes to the financial statements

1.	Statutory information

Target Discount Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number:

SC141884

Registered office:

4th Floor Metropolitan House

31-33 High Street

Inverness

IV1 1HT

2.	Future income receivable

The company expects to receive income of £1,219,893 over the next 4 years from continuing contract agreements.

3.	Average number of employees

The average number of employees during the year was 4 (2021 - 4 ) .

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 8th February 2023 and were signed on its behalf by:

S M Emslie - Director