Company Registration No. SC496520 (Scotland)
Team Games Ltd
Unaudited accounts
for the year ended 30 June 2023
Team Games Ltd
Unaudited accounts
Contents
Team Games Ltd
Company Information
for the year ended 30 June 2023
Company Number
SC496520 (Scotland)
Registered Office
G/2 144 ST. VINCENT STREET
GLASGOW
G2 5LQ
SCOTLAND
Accountants
Kingsbrook Accounting and Tax Services Limited
2 Kingsbrook
Corby
Northants
NN189HY
Team Games Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
10,473
10,473
Cash at bank and in hand
-
5,018
Creditors: amounts falling due within one year
(13,049)
(18,067)
Net current liabilities
(7,207)
(7,207)
Total assets less current liabilities
3,266
3,266
Creditors: amounts falling due after more than one year
(13,988)
(13,988)
Net liabilities
(10,722)
(10,722)
Called up share capital
200
200
Profit and loss account
(10,922)
(10,922)
Shareholders' funds
(10,722)
(10,722)
For the year ending 30 June 2023 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 her 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 21 February 2024 and were signed on its behalf by
Kristiina Joa
Director
Company Registration No. SC496520
Team Games Ltd
Notes to the Accounts
for the year ended 30 June 2023
Team Games Ltd is a private company, limited by shares, registered in Scotland, registration number SC496520. The registered office is G/2 144 ST. VINCENT STREET, GLASGOW, G2 5LQ, SCOTLAND.
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:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
10,607
29,042
1,764
41,413
At 30 June 2023
10,607
29,042
1,764
41,413
At 1 July 2022
8,109
21,246
1,585
30,940
At 30 June 2023
8,109
21,246
1,585
30,940
At 30 June 2023
2,498
7,796
179
10,473
At 30 June 2022
2,498
7,796
179
10,473
Amounts falling due within one year
Team Games Ltd
Notes to the Accounts
for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
3,173
Loans from directors
13,049
14,744
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).