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REGISTERED NUMBER: OC396293 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

TEAM DYNAMICS GLOBAL LLP

TEAM DYNAMICS GLOBAL LLP (REGISTERED NUMBER: OC396293)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TEAM DYNAMICS GLOBAL LLP

General Information
for the Year Ended 31 March 2024







DESIGNATED MEMBERS: Mr P R Avins
Mrs L Dearing
Vet Dynamics (UK) Limited





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: OC396293 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

TEAM DYNAMICS GLOBAL LLP (REGISTERED NUMBER: OC396293)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 267 34,921

CURRENT ASSETS
Debtors 5 40,232 35,656
Cash at bank 3 3,030
40,235 38,686
CREDITORS
Amounts falling due within one year 6 26,005 30,284
NET CURRENT ASSETS 14,230 8,402
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,497

43,323

CREDITORS
Amounts falling due after more than one year 7 - 41,451
NET ASSETS ATTRIBUTABLE TO
MEMBERS

14,497

1,872

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

14,497

1,872

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 14,497 1,872
Amounts due from members 5 - (480 )
14,497 1,392

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

TEAM DYNAMICS GLOBAL LLP (REGISTERED NUMBER: OC396293)

Balance Sheet - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 3 September 2024 and were signed by:





Mr P R Avins - Designated member

TEAM DYNAMICS GLOBAL LLP (REGISTERED NUMBER: OC396293)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Team Dynamics Global LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

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.
Plant and machinery etc - 20% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 54,602
Additions 166
Disposals (54,310 )
At 31 March 2024 458
DEPRECIATION
At 1 April 2023 19,681
Charge for year 62
Eliminated on disposal (19,552 )
At 31 March 2024 191
NET BOOK VALUE
At 31 March 2024 267
At 31 March 2023 34,921

TEAM DYNAMICS GLOBAL LLP (REGISTERED NUMBER: OC396293)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,887 1,761
Amounts owed by group undertakings 27,415 33,415
Amounts due from members - 480
Prepayments and accrued income 9,930 -
40,232 35,656

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 504 -
Hire purchase contracts - 5,809
Trade creditors 2,431 1,729
VAT 3,320 2,996
Accruals and deferred income 19,750 19,750
26,005 30,284

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts - 41,451

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank pari pasu in relation to other creditors.

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £25,915 (2023: £31,915) by Massive Action Coaching Ltd and £1,500 (2023: £1,500) by Paul Avins Enterprises Limited.. They are related parties by virtue of the fact that they are under common control.

10. CONTROL

The LLP is controlled by Mrs L Dearing with no one party having overall control.