12 August 2022 false No description of principal activity Taxfiler 2024.5 14292593business:PrivateLimitedCompanyLtd2022-08-122023-08-31 142925932022-08-11 142925932022-08-122023-08-31 14292593business:AuditExempt-NoAccountantsReport2022-08-122023-08-31 14292593business:AbridgedAccounts2022-08-122023-08-31 142925932023-08-31 14292593business:Director12022-08-122023-08-31 14292593business:RegisteredOffice2022-08-122023-08-31 14292593core:WithinOneYear2023-08-31 14292593core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 14292593core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 14292593core:PreviouslyStatedAmount2023-08-31 14292593business:SmallEntities2022-08-122023-08-31 14292593countries:EnglandWales2022-08-122023-08-31 iso4217:GBP xbrli:pure
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
Page
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Procurement Team Ltd Company Information for the period from 12 August 2022 to 31 August 2023
Director
John Clark
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
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Procurement Team Ltd Statement of financial position as at 31 August 2023
2023 
Notes
£ 
Current assets
Debtors
14,280 
Cash at bank and in hand
31,453 
45,733 
Creditors: amounts falling due within one year
(24,753)
Net current assets
20,980 
Net assets
20,980 
Capital and reserves
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
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Procurement Team Ltd Notes to the Accounts for the period from 12 August 2022 to 31 August 2023
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
4
Average number of employees
During the period the average number of employees was 1.
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