2023-03-01 12452465 2024-02-29 12452465 2023-03-01 2024-02-29 12452465 2023-02-28 12452465 2022-03-01 2023-02-28 12452465 uk-core:WithinOneYear 2023-02-28 12452465 uk-core:WithinOneYear 2024-02-29 12452465 uk-core:ShareCapital 2024-02-29 12452465 uk-core:ShareCapital 2023-02-28 12452465 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 12452465 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 12452465 uk-bus:Director1 2023-03-01 2024-02-29 12452465 uk-core:FurnitureFittings 2023-03-01 2024-02-29 12452465 uk-core:Goodwill 2023-02-28 12452465 uk-core:Goodwill 2024-02-29 iso4217:GBP xbrli:pure 12452465 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 12452465 uk-bus:FRS102 2023-03-01 2024-02-29 12452465 uk-bus:FilletedAccounts 2023-03-01 2024-02-29 12452465 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29
Team Sports Wear Ltd
Registered Number:12452465
For the year ended 29 February 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 29 February 2024
Team Sports Wear Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
12452465
As at 29 February 2024
Team Sports Wear Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
15,000
15,000
2
Property, plant and equipment
4,085
5,500
3
19,085
20,500
Current assets
Inventories
11,500
8,900
4
Trade and other receivables
8,034
1,866
5
1,377
Cash and cash equivalents
14,266
25,032
20,911
Trade and other payables: amounts falling due within one
year
(42,060)
(47,877)
6
(21,149)
(22,845)
Net current liabilities
Total assets less current liabilities
(3,760)
(649)
(3,760)
Net liabilities
(649)
Capital and reserves
Called up share capital
1
1
Retained earnings
(3,761)
(650)
(3,760)
(649)
Shareholders' funds
For the year ended 29 February 2024 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 of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Miss Sam Wright Director
These financial statements were approved and authorised for issue by the Board on 09 April 2024 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 29 February 2024
Team Sports Wear Ltd
Notes to the Financial Statements
Statutory Information
Team Sports Wear Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 12452465.
Registered address:
Transpoint
Doncaster Road, Kirk Sandall
Doncaster
DN3 1HT
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
15% Straight line
Furniture and Fittings
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 March 2023
15,000
At 29 February 2024
15,000
Net book value
At 29 February 2024
15,000
At 28 February 2023
15,000
2 of 4
5
For the year ended 29 February 2024
Team Sports Wear Ltd
Notes to the Financial Statements Continued
3. Property, plant and equipment
Furniture and
Fittings
£
Cost or
valuation
At 01 March 2023
10,000
100
Additions
At 29 February 2024
10,100
Provision for depreciation and impairment
At 01 March 2023
4,500
Charge for year
1,515
At 29 February 2024
6,015
At 29 February 2024
Net book value
4,085
At 28 February 2023
5,500
4. Inventories
2023
2024
£
£
Stocks
8,900
11,500
5. Trade and other receivables
2023
2024
£
£
Trade debtors
-
3,607
Other debtors
1,866
4,427
8,034
1,866
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
5,048
1,166
Taxation and social security
1,023
325
Other creditors
41,806
40,569
47,877
42,060
7. Average number of persons employed
During the year the average number of employees was 3 (2023 : 3)
3 of 4
6
For the year ended 29 February 2024
Team Sports Wear Ltd
Notes to the Financial Statements Continued
4 of 4