Abbreviated Company Accounts - TARGET GAS UTILITY SERVICES LTD

TARGET GAS UTILITY SERVICES LTD - Company Information

Registered Number 08161399

TARGET GAS UTILITY SERVICES LTD

Abbreviated Accounts

31 July 2014

TARGET GAS UTILITY SERVICES LTD Registered Number 08161399

Abbreviated Balance Sheet as at 31 July 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	11,180	13,137
		11,180	13,137
Current assets
Debtors		102,242	17,630
Cash at bank and in hand		-	408
		102,242	18,038
Creditors: amounts falling due within one year		(108,349)	(21,355)
Net current assets (liabilities)		(6,107)	(3,317)
Total assets less current liabilities		5,073	9,820
Creditors: amounts falling due after more than one year		(3,632)	(8,658)
Total net assets (liabilities)		1,441	1,162
Capital and reserves
Called up share capital		1	1
Profit and loss account		1,440	1,161
Shareholders' funds		1,441	1,162

For the year ending 31 July 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 1 December 2014

And signed on their behalf by:
Mr M Connolly, Director

TARGET GAS UTILITY SERVICES LTD Registered Number 08161399

Notes to the Abbreviated Accounts for the period ended 31 July 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

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

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rates in use are:
Motor - 25% on cost
EFF - 15% on cost
Plant - 15% on cost
Computer - 33% SL

2Tangible fixed assets

	£
Cost
At 1 August 2013	17,558
Additions	1,937
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2014	19,495
Depreciation
At 1 August 2013	4,421
Charge for the year	3,894
On disposals	-
At 31 July 2014	8,315
Net book values
At 31 July 2014	11,180
At 31 July 2013	13,137