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Company registration number: 04656735
Team O Solutions Limited
Unaudited filleted financial statements
31 October 2023
Team O Solutions Limited
Contents
Directors and other information
Statement of financial position and notes to the financial statements
Team O Solutions Limited
Directors and other information
Director P G Osborne
Company number 04656735
Registered office Warwick Road
Maltby
Rotherham
South Yorkshire
S66 8EW
Accountants Bowker Orford
8th Floor Becket House
36 Old Jewry
London
EC2R 8DD
Team O Solutions Limited
Statement of financial position
31 October 2023
2023 2022
£ £ £ £
Fixed assets 161,729 172,188
_______ _______
Current assets 2,292,207 2,496,229
Prepayments and accrued income 301,000 492,142
_______ _______
2,593,207 2,988,371
Creditors: amounts falling due within one year ( 4,935,560) ( 5,320,430)
_______ _______
Net current liabilities ( 2,342,353) ( 2,332,059)
_______ _______
Total assets less current liabilities ( 2,180,624) ( 2,159,871)
Creditors: amounts falling due after more than one year - ( 173)
Accruals and deferred income ( 22,692) ( 37,972)
_______ _______
Net liabilities ( 2,203,316) ( 2,198,016)
_______ _______
Capital and reserves ( 2,203,316) ( 2,198,016)
_______ _______
Team O Solutions Limited
Year ended 31 October 2023
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
2. Contingent assets and liabilities
The company's bankers have a debenture over all the company's assets and have a fixed and floating charge over all the assets dated 26th May 2015.An unlimited multilateral guarantee has been provided to its bankers by the following companies : Green Group International Limited , Green GRP Logistics Limited, Green GRP Pallet Network Limited , Green Europe Solutions Limited ,Green GRP Int Limited , Green GRP Warehousing Limited , Moto Logix Limited , Pete Osborne Holdings Limited , Green GP Property Limited and Team O Solutions Limited .
3. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
P G Osborne - 190,249 190,249
_______ _______ _______
2022
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
P G Osborne - - -
_______ _______ _______
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 30 July 2024 , and are signed on behalf of the board by:
P G Osborne
Director
Company registration number: 04656735
The company is a private company limited by shares, registered in England.