Registered number
08557760
Team Valley Tuning Ltd
Accounts
30 June 2024
Team Valley Tuning Ltd
Accountants' Report
Accountants' report to the director of
Team Valley Tuning Ltd
You consider that the company is exempt from an audit for the year ended 30 June 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account and the Balance Sheet from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Easy As ABC Accountancy Services Limited
Accountants
The Dairy
Low Town
Longframlington
Northumberland
NE65 8BA
30 July 2024
Team Valley Tuning Ltd
Profit and Loss Account
for the year ended 30 June 2024
2024 2023
£ £
Turnover 106,540 85,830
Other income 87 85
Cost of raw materials and consumables (65,870) (55,353)
Gross profit 40,757 30,562
Staff costs (8,998) (9,048)
Depreciation and other amounts written off assets (3,585) (3,419)
Other charges (14,447) (13,882)
Profit before taxation 13,727 4,213
Tax (2,456) (1,299)
Profit 11,271 2,914
Team Valley Tuning Ltd
Registered number: 08557760
Balance Sheet
as at 30 June 2024
2024 2023
£ £
Fixed assets 14,339 13,674
Current assets 17,052 10,625
Creditors: amounts falling due within one year (27,234) (21,573)
Net current liabilities (10,182) (10,948)
Total assets less current liabilities 4,157 2,726
Provisions for liabilities 1,934 2,094
Net assets 6,091 4,820
Capital and reserves 6,091 4,820
Number Number
Average number of employees 1 1
The company is a private company limited by shares and incorporated in England. Its registered office is Unit E Block 321 Mayoral Way NE11 0RT.
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Paul Richardson
Director
Approved by the board on 30 July 2024
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