Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity4240truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11771508 2023-01-01 2023-12-31 11771508 2022-01-01 2022-12-31 11771508 2023-12-31 11771508 2022-12-31 11771508 c:Director3 2023-01-01 2023-12-31 11771508 d:MotorVehicles 2023-01-01 2023-12-31 11771508 d:MotorVehicles 2023-12-31 11771508 d:MotorVehicles 2022-12-31 11771508 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11771508 d:FurnitureFittings 2023-01-01 2023-12-31 11771508 d:FurnitureFittings 2023-12-31 11771508 d:FurnitureFittings 2022-12-31 11771508 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11771508 d:ComputerEquipment 2023-01-01 2023-12-31 11771508 d:ComputerEquipment 2023-12-31 11771508 d:ComputerEquipment 2022-12-31 11771508 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11771508 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11771508 d:CurrentFinancialInstruments 2023-12-31 11771508 d:CurrentFinancialInstruments 2022-12-31 11771508 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11771508 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11771508 d:ShareCapital 2023-12-31 11771508 d:ShareCapital 2022-12-31 11771508 d:RetainedEarningsAccumulatedLosses 2023-12-31 11771508 d:RetainedEarningsAccumulatedLosses 2022-12-31 11771508 c:FRS102 2023-01-01 2023-12-31 11771508 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11771508 c:FullAccounts 2023-01-01 2023-12-31 11771508 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11771508 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 11771508









TEAMTAILOR LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
TEAMTAILOR LTD
REGISTERED NUMBER: 11771508

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
46,633
60,906

  
46,633
60,906

Current assets
  

Debtors: amounts falling due within one year
 5 
412,968
5,340,531

Cash at bank and in hand
 6 
19,175
27,530

  
432,143
5,368,061

Creditors: amounts falling due within one year
 7 
(232,453)
(5,271,578)

Net current assets
  
 
 
199,690
 
 
96,483

Total assets less current liabilities
  
246,323
157,389

  

Net assets
  
246,323
157,389


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
246,322
157,388

  
246,323
157,389


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Page 1

 
TEAMTAILOR LTD
REGISTERED NUMBER: 11771508
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

................................................
Lin Li
Director

Date: 8 October 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
TEAMTAILOR LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Teamtailor Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:
Registered number: 11771508
Registered office: 78 York Street, London, England, W1H 1DP

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
TEAMTAILOR LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Fixtures and fittings
-
20%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 42 (2022 - 40).

Page 4

 
TEAMTAILOR LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
1,738
15,296
83,755
100,789


Additions
263
-
17,999
18,262


Disposals
-
-
2,203
2,203



At 31 December 2023

2,001
15,296
103,957
121,254



Depreciation


At 1 January 2023
1,014
2,756
36,113
39,883


Charge for the year on owned assets
667
5,098
28,973
34,738



At 31 December 2023

1,681
7,854
65,086
74,621



Net book value



At 31 December 2023
320
7,442
38,871
46,633



At 31 December 2022
724
12,540
47,642
60,906


5.


Debtors

2023
2022
£
£


Trade debtors
330,976
5,285,998

Other debtors
81,992
54,533

412,968
5,340,531



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
19,175
27,530

19,175
27,530


Page 5

 
TEAMTAILOR LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
39,252
49,038

Amounts owed to group undertakings
-
5,103,031

Corporation tax
29,644
8,841

Other taxation and social security
142,584
75,761

Other creditors
20,973
34,907

232,453
5,271,578



8.


Controlling party

Teamtailor Ltd is a subsidiary of Teamtailor AB, registered at 16 Oestgoetagatan, Stockholm, Sweden, 116 21.

 
Page 6