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Company Registration No. 11078031 (England and Wales)
PLATINUM TEAM LTD Unaudited accounts for the year ended 30 November 2023
PLATINUM TEAM LTD Company Information for the year ended 30 November 2023
Director
Stefan Eusebiu Burghelea
Company Number
11078031 (England and Wales)
Registered Office
261 SOUTH STREET ROMFORD RM1 2BE United Kingdom
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PLATINUM TEAM LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,005 
- 
Current assets
Debtors
65,158 
72,987 
Cash at bank and in hand
423 
772 
65,581 
73,759 
Creditors: amounts falling due within one year
(6,723)
(5,179)
Net current assets
58,858 
68,580 
Total assets less current liabilities
71,863 
68,580 
Creditors: amounts falling due after more than one year
(15,000)
(21,000)
Net assets
56,863 
47,580 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
56,862 
47,579 
Shareholders' funds
56,863 
47,580 
For the year ending 30 November 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 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 26 February 2024 and were signed on its behalf by
Stefan Eusebiu Burghelea Director Company Registration No. 11078031
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PLATINUM TEAM LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
PLATINUM TEAM LTD is a private company, limited by shares, registered in England and Wales, registration number 11078031. The registered office is 261 SOUTH STREET, ROMFORD, RM1 2BE, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
15%
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 December 2022
- 
Additions
15,300 
At 30 November 2023
15,300 
Depreciation
Charge for the year
2,295 
At 30 November 2023
2,295 
Net book value
At 30 November 2023
13,005 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
65,158 
72,987 
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PLATINUM TEAM LTD Notes to the Accounts for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
6,723 
5,179 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,000 
21,000 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 2 (2022: 1).
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