Company Registration No. 14292593 (England and Wales)
Procurement Team Ltd
Unaudited accounts
for the period from 12 August 2022 to 31 August 2023
Procurement Team Ltd
Unaudited accounts
Contents
Procurement Team Ltd
Company Information
for the period from 12 August 2022 to 31 August 2023
Company Number
14292593 (England and Wales)
Registered Office
51 LUMBER LANE
WORSLEY
MANCHESTER
M28 2GJ
ENGLAND
Accountants
Xeinadin Group
Regent House
Folds Road
Bolton
BL1 2RZ
Procurement Team Ltd
Statement of financial position
as at 31 August 2023
Cash at bank and in hand
31,453
Creditors: amounts falling due within one year
(24,753)
Called up share capital
100
Profit and loss account
20,880
Shareholders' funds
20,980
For the period ending 31 August 2023 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.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
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 1 August 2024 and were signed on its behalf by
John Clark
Director
Company Registration No. 14292593
Procurement Team Ltd
Notes to the Accounts
for the period from 12 August 2022 to 31 August 2023
Procurement Team Ltd is a private company, limited by shares, registered in England and Wales, registration number 14292593. The registered office is 51 LUMBER LANE, WORSLEY, MANCHESTER, M28 2GJ, ENGLAND.
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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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Average number of employees
During the period the average number of employees was 1.