ACCOUNTS - Final Accounts

Caseware UK (AP4) 2016.0.181 2016.0.181 2018-01-312018-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseNo description of principal activityfalse2017-02-01 08862778 2017-02-01 2018-01-31 08862778 2016-02-01 2017-01-31 08862778 2018-01-31 08862778 2017-01-31 08862778 c:Director1 2017-02-01 2018-01-31 08862778 d:OfficeEquipment 2017-02-01 2018-01-31 08862778 d:OfficeEquipment 2018-01-31 08862778 d:OfficeEquipment 2017-01-31 08862778 d:OfficeEquipment d:OwnedOrFreeholdAssets 2017-02-01 2018-01-31 08862778 d:CurrentFinancialInstruments 2018-01-31 08862778 d:CurrentFinancialInstruments 2017-01-31 08862778 d:CurrentFinancialInstruments d:WithinOneYear 2018-01-31 08862778 d:CurrentFinancialInstruments d:WithinOneYear 2017-01-31 08862778 d:ShareCapital 2018-01-31 08862778 d:ShareCapital 2017-01-31 08862778 d:RetainedEarningsAccumulatedLosses 2018-01-31 08862778 d:RetainedEarningsAccumulatedLosses 2017-01-31 08862778 c:FRS102 2017-02-01 2018-01-31 08862778 c:AuditExempt-NoAccountantsReport 2017-02-01 2018-01-31 08862778 c:FullAccounts 2017-02-01 2018-01-31 08862778 c:PrivateLimitedCompanyLtd 2017-02-01 2018-01-31 iso4217:GBP xbrli:pure

Registered number: 08862778

TRGT DIGITAL LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2018

TRGT DIGITAL LTD

REGISTERED NUMBER: 08862778

STATEMENT OF FINANCIAL POSITION

AS AT 31 JANUARY 2018

		2018		2017
Note		£		£

Fixed assets
Tangible assets	4		3,843		5,238
			3,843		5,238
Current assets
Debtors: amounts falling due within one year	5	269,771		116,882
Cash at bank and in hand	6	269,457		236,832
		539,228		353,714
Creditors: amounts falling due within one year	7	(152,453)		(104,338)
Net current assets			386,775		249,376
Total assets less current liabilities			390,618		254,614

Net assets			390,618		254,614

Capital and reserves
Called up share capital	100	100
Profit and loss account	390,518	254,514
	390,618	254,614

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 August 2018.

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TRGT DIGITAL LTD

REGISTERED NUMBER: 08862778

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JANUARY 2018

Patrick Nancarrow

Director

The notes on pages 3 to 6 form part of these financial statements.

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TRGT DIGITAL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2018

1.	General information

The company's principal business activities continue to be that of Advertising agencies

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

25%

per annum

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

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TRGT DIGITAL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2018

2.Accounting policies (continued)

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.7

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of comprehensive income except when deferred in other comprehensive income as qualifying cash flow hedges.

2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

Employees

The average monthly number of employees, including directors, during the year was 7 (2017 - 2).

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TRGT DIGITAL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2018

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 February 2017	8,866
	Additions	560
	At 31 January 2018	9,426
	Depreciation
	At 1 February 2017	3,628
	Charge for the year on owned assets	1,955
	At 31 January 2018	5,583
	Net book value
	At 31 January 2018	3,843
	At 31 January 2017	5,238

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TRGT DIGITAL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2018

Debtors

					2018	2017
					£	£


Trade debtors	269,771	116,882
	269,771	116,882

6.	Cash and cash equivalents
		2018	2017
		£	£

Cash at bank and in hand	269,457	236,832
	269,457	236,832

7.	Creditors: Amounts falling due within one year
		2018	2017
		£	£

Corporation tax	87,461	67,460
Other taxation and social security	55,469	32,666
Other creditors	6,103	1,772
Accruals and deferred income	3,420	2,440
	152,453	104,338

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