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Company Registration No. 10224310 (England and Wales)
AB Teamwork Construction Limited Unaudited accounts for the year ended 30 June 2024
AB Teamwork Construction Limited Unaudited accounts Contents
Page
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AB Teamwork Construction Limited Company Information for the year ended 30 June 2024
Director
MR ALEXANDRU BALENESCU
Company Number
10224310 (England and Wales)
Registered Office
20 THE RIDGEWAY GILLINGHAM KENT ME7 1JN ENGLAND
Accountants
Robert Taylor, Taylor & Co Accountants 34 High Street Gillingham Kent ME7 1AZ
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AB Teamwork Construction Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
3,750 
Current assets
Debtors
- 
12,000 
Cash at bank and in hand
49,147 
48,756 
49,147 
60,756 
Creditors: amounts falling due within one year
(29,261)
(36,303)
Net current assets
19,886 
24,453 
Net assets
19,886 
28,203 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
19,885 
28,202 
Shareholders' funds
19,886 
28,203 
For the year ending 30 June 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 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 15 July 2024 and were signed on its behalf by
MR ALEXANDRU BALENESCU Director Company Registration No. 10224310
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AB Teamwork Construction Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
AB Teamwork Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 10224310. The registered office is 20 THE RIDGEWAY, GILLINGHAM, KENT, ME7 1JN, ENGLAND.
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: 4 YEARS.
Motor vehicles
25%
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 July 2023
41,143 
At 30 June 2024
41,143 
Depreciation
At 1 July 2023
37,393 
Charge for the year
3,750 
At 30 June 2024
41,143 
Net book value
At 30 June 2024
- 
At 30 June 2023
3,750 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
12,000 
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AB Teamwork Construction Limited Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
26,364 
34,338 
VAT
- 
(470)
Trade creditors
28 
- 
Taxes and social security
1,669 
1,222 
Other creditors
1,200 
1,200 
Loans from directors
- 
13 
29,261 
36,303 
7
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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