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REGISTERED NUMBER: 05600621 (England and Wales)















UNAUDITED CESSATION FINANCIAL STATEMENTS

FOR THE PERIOD

1 DECEMBER 2023 TO 31 MAY 2024

FOR

TEAM AND TECHNOLOGY LIMITED

TEAM AND TECHNOLOGY LIMITED (REGISTERED NUMBER: 05600621)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2023 TO 31 MAY 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


TEAM AND TECHNOLOGY LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 DECEMBER 2023 TO 31 MAY 2024







DIRECTORS: Mr M Schuitevoerder
Mrs D Schuitevoerder





SECRETARY: Mr M Schuitevoerder





REGISTERED OFFICE: 55 Francklyn Gardens
Edgware
Middlesex
HA8 8RU





REGISTERED NUMBER: 05600621 (England and Wales)





ACCOUNTANTS: JSA Services Limited
4th Floor
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

TEAM AND TECHNOLOGY LIMITED (REGISTERED NUMBER: 05600621)

ABRIDGED BALANCE SHEET
31 MAY 2024

2024 2023
Notes £ £
CURRENT ASSETS
Debtors 269 979
Investments - 42,594
Cash at bank 6,027 38,435
6,296 82,008
CREDITORS
Amounts falling due within one year - 946
NET CURRENT ASSETS 6,296 81,062
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,296

81,062

CAPITAL AND RESERVES
Called up share capital 6 8 8
Fair value reserve - (3,443 )
Retained earnings 6,288 84,497
SHAREHOLDERS' FUNDS 6,296 81,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

TEAM AND TECHNOLOGY LIMITED (REGISTERED NUMBER: 05600621)

ABRIDGED BALANCE SHEET - continued
31 MAY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by:





Mr M Schuitevoerder - Director


TEAM AND TECHNOLOGY LIMITED (REGISTERED NUMBER: 05600621)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2023 TO 31 MAY 2024


1. STATUTORY INFORMATION

TEAM AND TECHNOLOGY LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the realisation basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Current asset investments
Investment is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a fair value reserve.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

TEAM AND TECHNOLOGY LIMITED (REGISTERED NUMBER: 05600621)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2023 TO 31 MAY 2024


5. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 December 2023 2,170
Disposals (2,170 )
At 31 May 2024 -
DEPRECIATION
At 1 December 2023 2,170
Eliminated on disposal (2,170 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 30 November 2023 -

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
8 Ordinary £1 8 8

7. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £13,200 (2023 - £Nil).

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 May 2024 and the year ended 30 November 2023:

2024 2023
£ £
Mr M Schuitevoerder
Balance outstanding at start of period (946 ) (504 )
Amounts advanced 1,691 -
Amounts repaid (600 ) (442 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 145 (946 )