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REGISTERED NUMBER: 13897717 (England and Wales)











Team Support Group Limited

Unaudited Financial Statements

for the Period 7 February 2022 to 31 March 2023






Team Support Group Limited (Registered number: 13897717)

Contents of the Financial Statements
for the Period 7 February 2022 to 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Team Support Group Limited

Company Information
for the Period 7 February 2022 to 31 March 2023







DIRECTOR: J L Hill





REGISTERED OFFICE: Sterling House
97 Lichfield Street
Tamworth
Staffordshire
B79 7QF





REGISTERED NUMBER: 13897717 (England and Wales)





ACCOUNTANTS: Haines Watts Tamworth Limited
Sterling House
97 Lichfield Street
Tamworth
Staffordshire
B79 7QF

Team Support Group Limited (Registered number: 13897717)

Balance Sheet
31 March 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 1,013
Investments 5 641,511
642,524

CURRENT ASSETS
Debtors 6 152,194
Cash at bank 26,573
178,767
CREDITORS
Amounts falling due within one year 7 819,281
NET CURRENT LIABILITIES (640,514 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,010

PROVISIONS FOR LIABILITIES 253
NET ASSETS 1,757

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 1,657
SHAREHOLDERS' FUNDS 1,757

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director and authorised for issue on 1 November 2023 and were signed by:





J L Hill - Director


Team Support Group Limited (Registered number: 13897717)

Notes to the Financial Statements
for the Period 7 February 2022 to 31 March 2023


1. STATUTORY INFORMATION

Team Support Group 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.

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 as modified by the revaluation of certain assets.

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.
Plant and machinery etc - 33% on cost

Investments in subsidiaries
Investment is subsidiary undertakings are recognised at fair value valuation.

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

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 period was 4 .

Team Support Group Limited (Registered number: 13897717)

Notes to the Financial Statements - continued
for the Period 7 February 2022 to 31 March 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,529
At 31 March 2023 1,529
DEPRECIATION
Charge for period 516
At 31 March 2023 516
NET BOOK VALUE
At 31 March 2023 1,013

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
Additions 2,007,597
Revaluations (1,366,086 )
At 31 March 2023 641,511
NET BOOK VALUE
At 31 March 2023 641,511

Cost or valuation at 31 March 2023 is represented by:

Shares in
group
undertakings
£   
Valuation in 2023 (1,366,086 )
Cost 2,007,597
641,511

The company purchased the share capital of Team Support Midlands Limited for £2,007,596.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 152,194

Trade debtors are factored. Factored debt advances are included within creditors.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to group undertakings 11,006
Taxation and social security 30,645
Other creditors 777,630
819,281

Team Support Group Limited (Registered number: 13897717)

Notes to the Financial Statements - continued
for the Period 7 February 2022 to 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Other creditors includes factored debt advances amounting to £56,197.

The factoring company has a fixed and floating charge over all the assets of the company.

8. RELATED PARTY DISCLOSURES

Other creditors includes an amount of £47,000 due J L Hill, the director of the company. The loan has no fixed payment period and is interest free.

9. ULTIMATE CONTROLLING PARTY

The controlling party is J L Hill.