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REGISTERED NUMBER: 09939400 (England and Wales)















Financial Statements for the Year Ended 30 December 2022

for

Team Maintenance UK Limited

Team Maintenance UK Limited (Registered number: 09939400)






Contents of the Financial Statements
for the Year Ended 30 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Team Maintenance UK Limited

Company Information
for the Year Ended 30 December 2022







DIRECTORS: S C Bullock
D Bullock





REGISTERED OFFICE: Crown Garages
Norley Road
Kingsley
Cheshire
WA6 6TR





REGISTERED NUMBER: 09939400 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Team Maintenance UK Limited (Registered number: 09939400)

Balance Sheet
30 December 2022

30.12.22 30.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70,033 54,723

CURRENT ASSETS
Debtors 5 208,040 174,494
Cash at bank 3,669 20,770
211,709 195,264
CREDITORS
Amounts falling due within one year 6 190,724 180,197
NET CURRENT ASSETS 20,985 15,067
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,018

69,790

CREDITORS
Amounts falling due after more than one
year

7

(35,879

)

(25,435

)

PROVISIONS FOR LIABILITIES (5,467 ) (5,467 )
NET ASSETS 49,672 38,888

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 49,671 38,887
SHAREHOLDERS' FUNDS 49,672 38,888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2022 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.

Team Maintenance UK Limited (Registered number: 09939400)

Balance Sheet - continued
30 December 2022


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

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 and authorised for issue on 28 September 2023 and were signed on its behalf by:





S C Bullock - Director


Team Maintenance UK Limited (Registered number: 09939400)

Notes to the Financial Statements
for the Year Ended 30 December 2022

1. STATUTORY INFORMATION

Team Maintenance UK Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

The directors have considered the consequences of COVID-19 and other events and conditions, and they have determined that they do not create a material uncertainty that casts significant doubt upon the entity’s ability to continue as a going concern.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is derived from ordinary activities and is measured at the fair value of the consideration received or receivable from maintenance services, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost, 20% on reducing balance and 15% on reducing balance

Financial instruments
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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.


Team Maintenance UK Limited (Registered number: 09939400)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2022

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2021 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 December 2021 106,068
Additions 54,960
Disposals (48,855 )
At 30 December 2022 112,173
DEPRECIATION
At 31 December 2021 51,345
Charge for year 17,150
Eliminated on disposal (26,355 )
At 30 December 2022 42,140
NET BOOK VALUE
At 30 December 2022 70,033
At 30 December 2021 54,723

Team Maintenance UK Limited (Registered number: 09939400)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2022

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 31 December 2021 46,155
Additions 33,288
Disposals (46,155 )
At 30 December 2022 33,288
DEPRECIATION
At 31 December 2021 25,383
Charge for year 6,658
Eliminated on disposal (25,383 )
At 30 December 2022 6,658
NET BOOK VALUE
At 30 December 2022 26,630
At 30 December 2021 20,772

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.22 30.12.21
£    £   
Trade debtors 58,098 80,946
Amounts owed by associates 136,720 63,548
Amounts recoverable on contract 10,000 30,000
Other debtors 3,222 -
208,040 174,494

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.22 30.12.21
£    £   
Bank loans and overdrafts 5,363 5,000
Hire purchase contracts (see note 8) 5,078 7,035
Trade creditors 73,253 56,993
Taxation and social security 24,581 28,926
Other creditors 82,449 82,243
190,724 180,197

Team Maintenance UK Limited (Registered number: 09939400)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.12.22 30.12.21
£    £   
Bank loans 9,648 17,083
Hire purchase contracts (see note 8) 26,231 8,352
35,879 25,435

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.12.22 30.12.21
£    £   
Net obligations repayable:
Within one year 5,078 7,035
Between one and five years 26,231 8,352
31,309 15,387

Non-cancellable operating leases
30.12.22 30.12.21
£    £   
Within one year - 17,653
Between one and five years - 22,685
- 40,338

9. SECURED DEBTS

The following secured debts are included within creditors:

30.12.22 30.12.21
£    £   
Hire purchase contracts 31,309 15,387

10. RELATED PARTY DISCLOSURES

Included in debtors is £136,500 (2021: £63,549) due from Team Roundhouse Ltd, a company under common control with Team Maintenance UK Ltd. The loan is interest free and repayable on demand.