Eco Target Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09183614 (England and Wales)

Financial Statements for the Year Ended 31 August 2017

for

Eco Target Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M S Rajvanshi

Mrs P K Rajvanshi

SECRETARY:

Mr M S Rajvanshi

REGISTERED OFFICE:

207 Regent Street 3rd Floor

London

W1B 3HH

REGISTERED NUMBER:

09183614 (England and Wales)

ACCOUNTANTS:

Nielsens

Chartered Accountants

The Gatehouse

453 Cranbrook Road

Ilford

Essex

IG2 6EW

BANKERS:

Natwest Bank Plc

Chelmsford Branch

4-5 High Street

Chelmsford

CM1 1FZ

FIXED ASSETS

Tangible assets

4

4,478

4,409

CURRENT ASSETS

Debtors

1,682

11,089

Cash at bank and in hand

167,831

62,064

169,513

73,153

CREDITORS

Amounts falling due within one year

105,037

66,938

NET CURRENT ASSETS

64,476

6,215

TOTAL ASSETS LESS CURRENT LIABILITIES

68,954

10,624

CREDITORS

Amounts falling due after more than one year

-

3,994

NET ASSETS

68,954

6,630

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

68,952

6,628

SHAREHOLDERS' FUNDS

68,954

6,630

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 23 January 2018 and were signed on its behalf by:

Mr M S Rajvanshi - Director

1.	STATUTORY INFORMATION

Eco Target Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 31 August 2017 are the first that are prepared in accordance with

FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of

transition to FRS 102 Section 1A is 1 September 2015.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures, fittings & equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2016

7,839

Additions

1,562

At 31 August 2017

9,401

DEPRECIATION

At 1 September 2016

3,430

Charge for year

1,493

At 31 August 2017

4,923

NET BOOK VALUE

At 31 August 2017

4,478

At 31 August 2016

4,409

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M S Rajvanshi and Mrs P K Rajvanshi.