Company Registration No. 06785656 (England and Wales)
TEAM B GROUP LIMITED
Unaudited accounts
for the year ended 31 December 2022
TEAM B GROUP LIMITED
Company Information
for the year ended 31 December 2022
Company Number
06785656 (England and Wales)
Registered Office
1A 15 CHELSEA EMBANKMENT
London
SW3 4LA
TEAM B GROUP LIMITED
Statement of financial position
as at 31 December 2022
Intangible assets
3,862
3,862
Tangible assets
2,772
3,772
Investments
312,611
312,611
Cash at bank and in hand
1,000
1,000
Creditors: amounts falling due within one year
(280,276)
(280,276)
Net current liabilities
(68,193)
(68,193)
Net assets
251,052
252,052
Called up share capital
100
100
Capital contribution reserve
274,100
274,100
Profit and loss account
(23,148)
(22,148)
Shareholders' funds
251,052
252,052
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 December 2023 and were signed on its behalf by
R BEVAN
Director
Company Registration No. 06785656
TEAM B GROUP LIMITED
Notes to the Accounts
for the year ended 31 December 2022
TEAM B GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06785656. The registered office is 1A 15 CHELSEA EMBANKMENT, London, SW3 4LA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% Reducing Balance method
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
TEAM B GROUP LIMITED
Notes to the Accounts
for the year ended 31 December 2022
5
Tangible fixed assets
Computer equipment
6
Investments
Subsidiary undertakings
Valuation at 1 January 2022
312,611
Valuation at 31 December 2022
312,611
Amounts falling due within one year
Amounts due from group undertakings etc.
211,083
211,083
8
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
16,000
20,000
Loans from directors
264,276
260,276
9
Average number of employees
During the year the average number of employees was 0 (2021: 0).