Caseware UK (AP4) 2023.0.135 2023.0.135 No description of principal activity22023-04-01false1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12674173 2023-04-01 2024-03-31 12674173 2024-03-31 12674173 2022-04-01 2023-03-31 12674173 2023-03-31 12674173 c:Director1 2023-04-01 2024-03-31 12674173 d:MotorVehicles 2023-04-01 2024-03-31 12674173 d:MotorVehicles 2024-03-31 12674173 d:MotorVehicles 2023-03-31 12674173 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12674173 d:OfficeEquipment 2023-04-01 2024-03-31 12674173 d:OfficeEquipment 2024-03-31 12674173 d:OfficeEquipment 2023-03-31 12674173 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12674173 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 12674173 d:CurrentFinancialInstruments 2024-03-31 12674173 d:CurrentFinancialInstruments 2023-03-31 12674173 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12674173 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12674173 d:ShareCapital 2024-03-31 12674173 d:ShareCapital 2023-03-31 12674173 d:RetainedEarningsAccumulatedLosses 2024-03-31 12674173 d:RetainedEarningsAccumulatedLosses 2023-03-31 12674173 c:FRS102 2023-04-01 2024-03-31 12674173 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12674173 c:FullAccounts 2023-04-01 2024-03-31 12674173 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 12674173













Team Excelerator Limited

Financial statements
Information for filing with the registrar

31 March 2024




 
Team Excelerator Limited


Balance sheet
At 31 March 2024

2024
2023
Note

Fixed assets
  

Tangible assets
 4 
60,183
910

  
60,183
910

Current assets
  

Debtors
 5 
28,449
6,250

Cash at bank and in hand
  
146,346
142,952

  
174,795
149,202

Creditors: amounts falling due within one year
 6 
(66,728)
(41,565)

Net current assets
  
 
 
108,067
 
 
107,637

Total assets less current liabilities
  
168,250
108,547

Provisions for liabilities
  

Deferred tax
  
(1,102)
(228)

  
 
 
(1,102)
 
 
(228)

Net assets
  
167,148
108,319


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
167,048
108,219

Shareholders' funds
  
167,148
108,319

1

 
Team Excelerator Limited

    
Balance sheet (continued)
At 31 March 2024

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 on 15 October 2024.




J W Griffiths
Director

Company registered number: 12674173
The notes on pages 3 to 5 form part of these financial statements. 
2

 
Team Excelerator Limited
 
 

Notes to the financial statements
Year ended 31 March 2024

1.


General information

Team Excelerator Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom. The address of the registered office is given in the company information page of this annual report. 

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006. 

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

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.
3

 
Team Excelerator Limited
 

 
Notes to the financial statements
Year ended 31 March 2024

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Office equipment
-
25%
reducing balance

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

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilites like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. 


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023: 1).

4

 
Team Excelerator Limited
 
 

Notes to the financial statements
Year ended 31 March 2024

4.


Tangible fixed assets





Motor vehicles
Office equipment
Total



Cost or valuation


At 1 April 2023
-
1,915
1,915


Additions
68,000
-
68,000



At 31 March 2024

68,000
1,915
69,915



Depreciation


At 1 April 2023
-
1,005
1,005


Charge for the year
8,500
227
8,727



At 31 March 2024

8,500
1,232
9,732



Net book value



At 31 March 2024
59,500
683
60,183



At 31 March 2023
-
910
910


5.


Debtors

2024
2023


Trade debtors
24,165
-

Prepayments and accrued income
4,284
6,250

28,449
6,250



6.


Creditors: amounts falling due within one year

2024
2023

Trade creditors
96
36

Corporation tax
29,585
17,721

Other taxation and social security
10,914
16,850

Other creditors
23,783
5,145

Accruals and deferred income
2,350
1,813

66,728
41,565


 
5