Registered number: 09115498 | ||||||||
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 | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 5 | |||||||
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 | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 2 | |||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
1,184,024 | 1,240,558 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 817,952 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 1,121,036 | 866,447 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Team Elite Limited | ||||||||
BALANCE SHEET AT | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
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 | ||||||||
Plant and Machinery | reducing balance 25% | |||||||
Equipment | reducing balance 25% | |||||||
Motor Cars | reducing balance 25% |
1c. Intangible Assets | ||||||||
2. INTANGIBLE FIXED ASSETS | ||||||
Development | ||||||
Costs | Patents | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/08/2022 | 2,930 | 12,304 | 15,234 | |||
At 31/07/2023 | 2,930 | 12,304 | 15,234 | |||
Depreciation | ||||||
At 31/07/2023 | - | - | - | |||
Net Book Amounts | ||||||
At 31/07/2023 | ||||||
At 31/07/2022 | ||||||
Team Elite Limited | ||||||||
3. TANGIBLE FIXED ASSETS | ||||||||
Plant and | ||||||||
Machinery | Equipment | Motor Cars | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/08/2022 | 24,501 | 34,973 | 28,765 | 88,239 | ||||
Additions | 56,333 | 12,625 | 50,794 | 119,752 | ||||
Disposals | - | - | (13,495) | (13,495) | ||||
At 31/07/2023 | 80,834 | 47,598 | 66,064 | 194,496 | ||||
Depreciation | ||||||||
At 01/08/2022 | 15,523 | 19,911 | 11,619 | 47,053 | ||||
Disposals | - | - | (7,802) | (7,802) | ||||
For the year | 2,471 | 3,766 | 2,863 | 9,100 | ||||
At 31/07/2023 | 17,994 | 23,677 | 6,680 | 48,351 | ||||
Net Book Amounts | ||||||||
At 31/07/2023 | 146,145 | |||||||
At 31/07/2022 | 41,186 | |||||||
4. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 292,592 | 217,030 | ||||||
VAT | 67,737 | 28,243 | ||||||
CIS | 17,113 | 43,103 | ||||||
377,442 | 288,376 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 133,295 | 135,111 | ||||||
Directors current account | 5,106 | 232,736 | ||||||
Trade creditors | 58,099 | 54,759 | ||||||
196,500 | 422,606 | |||||||
Team Elite Limited | ||||||||
6. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 2 | |||||
7. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 27,767 | 7,825 | ||||||
27,767 | 7,825 | |||||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
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 | |||||||||||||||||||||||||||||||||||||
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