Targetcount Limited - Period Ending 2015-08-31

Registration number: 02962677

Targetcount Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2015
 

Moffatt & Co
Chartered Accountants
Progress House
396 Wilmslow Road
Withington
Manchester
M20 3BN

Targetcount Limited
(Registration number: 02962677)
Abbreviated Balance Sheet at 31 August 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					1,534,184			1,531,864
Current assets
Debtors					4,819			4,950
Creditors: Amounts falling due within one year					(53,347)			(1,023,074)
Net current liabilities					(48,528)			(1,018,124)
Total assets less current liabilities					1,485,656			513,740
Creditors: Amounts falling due after more than one year					(972,025)			(21,043)
Net assets					513,631			492,697
Capital and reserves
Called up share capital		3			2			2
Revaluation reserve					431,139			431,139
Profit and loss account					82,490			61,556
Shareholders' funds					513,631			492,697

For the year ending 31 August 2015 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the director on 4 March 2016

.........................................
J Dillon
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
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Targetcount Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures & fittings	25% reducing balance method

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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Targetcount Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2014		1,535,743			1,535,743
Additions		3,645			3,645
At 31 August 2015		1,539,388			1,539,388
Depreciation
At 1 September 2014		3,879			3,879
Charge for the year		1,325			1,325
At 31 August 2015		5,204			5,204
Net book value
At 31 August 2015		1,534,184			1,534,184
At 31 August 2014		1,531,864			1,531,864

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

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