Target Professional Services (UK) Ltd - Abbreviated accounts 16.1

Target Professional Services (UK) Ltd - Abbreviated accounts 16.1

TARGET PROFESSIONAL SERVICES (UK) LIMITED - Company Information

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REGISTERED NUMBER: 06321486 (England and Wales)


















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2016

FOR

TARGET PROFESSIONAL SERVICES (UK) LTD

TARGET PROFESSIONAL SERVICES (UK) LTD (REGISTERED NUMBER: 06321486)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31st March 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

TARGET PROFESSIONAL SERVICES (UK) LTD

COMPANY INFORMATION
for the Year Ended 31st March 2016







DIRECTOR: Mrs L M Lyon





SECRETARY: Mrs A S Walker





REGISTERED OFFICE: Sherrington Chambers
3 Sherrington Mews
Ellis Square
Selsey
West Sussex
PO20 0FJ





REGISTERED NUMBER: 06321486 (England and Wales)





ACCOUNTANTS: P.G. Draper
91 Fieldcommon Lane
Walton on Thames
Surrey
KT12 3QN
Page 1
TARGET PROFESSIONAL SERVICES (UK) LTD (REGISTERED NUMBER: 06321486)

ABBREVIATED BALANCE SHEET
31st March 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 60,000 70,000
Tangible assets 3 23,075 36,710
83,075 106,710

CURRENT ASSETS
Debtors 234,063 315,934
Cash at bank and in hand 248,356 150,017
482,419 465,951
CREDITORS
Amounts falling due within one year 158,413 193,486
NET CURRENT ASSETS 324,006 272,465
TOTAL ASSETS LESS CURRENT
LIABILITIES
407,081
379,175

CREDITORS
Amounts falling due after more than one
year
-
32,943
NET ASSETS 407,081 346,232

CAPITAL AND RESERVES
Called up share capital 4 1,000 1,000
Profit and loss account 406,081 345,232
SHAREHOLDERS' FUNDS 407,081 346,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 notes form part of these abbreviated accounts

Page 2 continued...
TARGET PROFESSIONAL SERVICES (UK) LTD (REGISTERED NUMBER: 06321486)

ABBREVIATED BALANCE SHEET - continued
31st March 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 15th August 2016 and were signed by:





Mrs L M Lyon - Director


The notes form part of these abbreviated accounts

Page 3
TARGET PROFESSIONAL SERVICES (UK) LTD (REGISTERED NUMBER: 06321486)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31st March 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of fifteen years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1st April 2015
and 31st March 2016 150,000
AMORTISATION
At 1st April 2015 80,000
Amortisation for year 10,000
At 31st March 2016 90,000
NET BOOK VALUE

At 31st March 2016 60,000
At 31st March 2015 70,000

Page 4 continued...
TARGET PROFESSIONAL SERVICES (UK) LTD (REGISTERED NUMBER: 06321486)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 31st March 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st April 2015 80,356
Additions 1,366
At 31st March 2016 81,722
DEPRECIATION
At 1st April 2015 43,646
Charge for year 15,001
At 31st March 2016 58,647
NET BOOK VALUE
At 31st March 2016 23,075
At 31st March 2015 36,710

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1,000 Ordinary 1 1,000 1,000

5. DISCLOSURE OF CONTROL

For the whole period, the company was under the control of Mrs L M Lyon, the major share holder and director
of the company.

Page 5