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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
Director
R BEVAN
Company Number
06785656 (England and Wales)
Registered Office
1A 15 CHELSEA EMBANKMENT London SW3 4LA
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TEAM B GROUP LIMITED Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
3,862 
3,862 
Tangible assets
2,772 
3,772 
Investments
312,611 
312,611 
319,245 
320,245 
Current assets
Debtors
211,083 
211,083 
Cash at bank and in hand
1,000 
1,000 
212,083 
212,083 
Creditors: amounts falling due within one year
(280,276)
(280,276)
Net current liabilities
(68,193)
(68,193)
Net assets
251,052 
252,052 
Capital and reserves
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
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TEAM B GROUP LIMITED Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
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.
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:
Computer equipment
20% Reducing Balance method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2022
3,862 
At 31 December 2022
3,862 
Amortisation
At 1 January 2022
- 
At 31 December 2022
- 
Net book value
At 31 December 2022
3,862 
At 31 December 2021
3,862 
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TEAM B GROUP LIMITED Notes to the Accounts for the year ended 31 December 2022
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2022
5,350 
At 31 December 2022
5,350 
Depreciation
At 1 January 2022
1,578 
Charge for the year
1,000 
At 31 December 2022
2,578 
Net book value
At 31 December 2022
2,772 
At 31 December 2021
3,772 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2022
312,611 
Valuation at 31 December 2022
312,611 
7
Debtors
2022 
2021 
£ 
£ 
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 
280,276 
280,276 
9
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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