09115498falseConstruction of other civil engineering projects not elsewhere classified2022-08-012023-07-31http://www.companieshouse.gov.uk/2022-07-31http://www.companieshouse.gov.uk/pt:PlantMachinery2022-07-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-07-31http://www.companieshouse.gov.uk/cd:Director12022-08-012023-07-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-07-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-07-31http://www.companieshouse.gov.uk/cd:Director22022-08-012023-07-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-07-31http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-07-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-08-012023-07-31http://www.companieshouse.gov.uk/pt:MotorCars2022-07-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-07-31http://www.companieshouse.gov.uk/pt:PatentsTrademarksLicencesConcessionsSimilar2022-07-31http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-07-31http://www.companieshouse.gov.uk/pt:MotorCars2023-07-31http://www.companieshouse.gov.uk/pt:PatentsTrademarksLicencesConcessionsSimilar2023-07-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-08-012023-07-31http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-08-012023-07-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-07-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-07-31http://www.companieshouse.gov.uk/2022-08-012023-07-31http://www.companieshouse.gov.uk/2022-07-31http://www.companieshouse.gov.uk/cd:FRS1022022-08-012023-07-31http://www.companieshouse.gov.uk/2023-07-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-08-012023-07-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-08-012023-07-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 09115498

Team Elite Limited

ACCOUNTS
FOR THE YEAR ENDED 31/07/2023

Prepared By:
Whittaker & Co (UK) Ltd
Bryn Isel
The Bank
Newtown
Powys
SY16 2AB

Team Elite Limited

ACCOUNTS
FOR THE YEAR ENDED 31/07/2023
DIRECTORS
Scott Williams
Luke Williams
REGISTERED OFFICE
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09115498
ACCOUNTANTS
Whittaker & Co (UK) Ltd
Bryn Isel
The Bank
Newtown
Powys
SY16 2AB

Team Elite Limited

ACCOUNTS
FOR THEYEARENDED31/07/2023
CONTENTS
Page
Directors' Report-
Strategic Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Team Elite Limited

BALANCE SHEET AT 31/07/2023
20232022
Notes££
FIXED ASSETS
Intangible assets215,23415,234
Tangible assets3146,14541,186
161,37956,420
CURRENT ASSETS
Debtors4377,442288,376
Cash at bank and in hand806,582952,182
1,184,0241,240,558
CREDITORS: Amounts falling due within one year5196,500422,606
NET CURRENT ASSETS987,524817,952
TOTAL ASSETS LESS CURRENT LIABILITIES1,148,903874,372
PROVISIONS FOR LIABILITIES AND CHARGES727,7677,825
NET ASSETS1,121,136866,547
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account1,121,036866,447
SHAREHOLDERS' FUNDS1,121,136866,547

Team Elite Limited

BALANCE SHEET AT 31/07/2023
For the year ending 31/07/2023 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 01/03/2024 and signed on their behalf by
.............................
Scott Williams
Director
.............................
Luke Williams
Director

Team Elite Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/07/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
1c. Intangible Assets
Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.
2. INTANGIBLE FIXED ASSETS
Development
CostsPatentsTotal
£££
Cost
At 01/08/20222,93012,30415,234
At 31/07/20232,93012,30415,234
Depreciation
At 31/07/2023---
Net Book Amounts
At 31/07/20232,93012,30415,234
At 31/07/20222,93012,30415,234

Team Elite Limited

3. TANGIBLE FIXED ASSETS
Plant and
MachineryEquipmentMotor CarsTotal
££££
Cost
At 01/08/202224,50134,97328,76588,239
Additions56,33312,62550,794119,752
Disposals--(13,495)(13,495)
At 31/07/202380,83447,59866,064194,496
Depreciation
At 01/08/202215,52319,91111,61947,053
Disposals--(7,802)(7,802)
For the year2,4713,7662,8639,100
At 31/07/202317,99423,6776,68048,351
Net Book Amounts
At 31/07/202362,84023,92159,384146,145
At 31/07/20228,97815,06217,14641,186
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors292,592217,030
VAT67,73728,243
CIS 17,11343,103
377,442288,376
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax133,295135,111
Directors current account5,106232,736
Trade creditors58,09954,759
196,500422,606

Team Elite Limited

6. EMPLOYEES
20232022
No.No.
Average number of employees22
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation27,7677,825
27,7677,825
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
9. CONTROLLING PARTY
The company is under the control of MR L Williams & MR S Williams, who each own 50% of the issued share capital.
10. RELATED PARTY TRANSACTIONS
At the year end Mr L Williams & Mr S Williams are due £5,106 from the company (2022: £232,736).