No Targets Just Routine Ltd - Period Ending 2018-03-31

Registration number: 10079273

No Targets Just Routine Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2018

James Worley & Sons
Chartered Accountants
9 Bridle Close
Surbiton Road
Kingston Upon Thames
Surrey
KT1 2JW

No Targets Just Routine Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 4

No Targets Just Routine Ltd

Company Information

Directors

Mr P C Allen Mrs I R Allen Mr A C Allen

Registered office

9 Bridle Close Kingston Upon Thames Surrey KT1 2JW

Accountants

James Worley & Sons Chartered Accountants 9 Bridle Close Surbiton Road Kingston Upon Thames Surrey KT1 2JW

Page 1

No Targets Just Routine Ltd

(Registration number: 10079273)
Balance Sheet as at 31 March 2018

	Note	2018 £	2017 £
Fixed assets
Intangible assets	4	22,560	-
Current assets
Cash at bank and in hand		9,717	56,560
Creditors: Amounts falling due within one year	5	(135,562)	(88,721)
Net current liabilities		(125,845)	(32,161)
Net liabilities		(103,285)	(32,161)
Capital and reserves
Profit and loss account		(103,285)	(32,161)
Total equity		(103,285)	(32,161)

For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 17 December 2018 and signed on its behalf by:
 

.........................................

Mr P C Allen
Director

The notes on pages 3 to 4 form an integral part of these financial statements.

Page 2

No Targets Just Routine Ltd

Notes to the Financial Statements for the Year Ended 31 March 2018

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
9 Bridle Close
Kingston Upon Thames
Surrey
KT1 2JW
England

These financial statements were authorised for issue by the Board on 17 December 2018.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Software development costs	No amortisation is provided until the project is complete and income generating.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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No Targets Just Routine Ltd

Notes to the Financial Statements for the Year Ended 31 March 2018

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2017 - 3).

4	Intangible assets

	Internally generated software development costs  £	Total £
Cost or valuation
Additions acquired separately	22,560	22,560
At 31 March 2018	22,560	22,560
Amortisation
Carrying amount
At 31 March 2018	22,560	22,560

5

Creditors

Creditors: amounts falling due within one year

	2018 £	2017 £
Due within one year
Accruals and deferred income	1,920	900
Other creditors	133,642	87,821
	135,562	88,721

6	Share capital

Allotted, called up and fully paid shares

	2018		2017
	No.	£	No.	£
Ordinary Shares of £1 each	3,000	3,000	3,000	3,000

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