PTP Accounts Production v24.3.0.553 05393237 director 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure053932372023-04-30053932372024-04-30053932372023-05-012024-04-30053932372022-04-30053932372022-05-012023-04-30053932372023-04-3005393237ns16:EnglandWales2023-05-012024-04-3005393237ns15:PoundSterling2023-05-012024-04-3005393237ns11:Director12023-05-012024-04-3005393237ns11:PrivateLimitedCompanyLtd2023-05-012024-04-3005393237ns11:SmallEntities2023-05-012024-04-3005393237ns11:AuditExempt-NoAccountantsReport2023-05-012024-04-3005393237ns11:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3005393237ns11:SmallCompaniesRegimeForAccounts2023-05-012024-04-3005393237ns11:FullAccounts2023-05-012024-04-300539323712023-05-012024-04-3005393237ns11:CompanySecretary12023-05-012024-04-3005393237ns11:RegisteredOffice2023-05-012024-04-3005393237ns6:CurrentFinancialInstruments2024-04-3005393237ns6:CurrentFinancialInstruments2023-04-3005393237ns6:Non-currentFinancialInstruments2024-04-3005393237ns6:Non-currentFinancialInstruments2023-04-3005393237ns6:ShareCapital2024-04-3005393237ns6:ShareCapital2023-04-3005393237ns6:RevaluationReserve2024-04-3005393237ns6:RevaluationReserve2023-04-3005393237ns6:RetainedEarningsAccumulatedLosses2024-04-3005393237ns6:RetainedEarningsAccumulatedLosses2023-04-3005393237ns6:NetGoodwill2023-05-012024-04-3005393237ns6:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3005393237ns6:LandBuildings2023-05-012024-04-3005393237ns6:PlantMachinery2023-05-012024-04-3005393237ns6:NetGoodwill2023-04-3005393237ns6:NetGoodwill2024-04-3005393237ns6:NetGoodwill2023-04-3005393237ns6:LandBuildings2023-04-3005393237ns6:PlantMachinery2023-04-3005393237ns6:LandBuildings2024-04-3005393237ns6:PlantMachinery2024-04-3005393237ns6:LandBuildings2023-04-3005393237ns6:PlantMachinery2023-04-3005393237ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2023-04-3005393237ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2023-05-012024-04-3005393237ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2024-04-3005393237ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2023-04-3005393237ns6:WithinOneYearns6:CurrentFinancialInstruments2024-04-3005393237ns6:WithinOneYearns6:CurrentFinancialInstruments2023-04-3005393237ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2024-04-3005393237ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2023-04-3005393237ns6:RevaluationReserve2023-04-30
REGISTERED NUMBER: 05393237 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Team Maintenance Services Limited

Team Maintenance Services Limited (Registered number: 05393237)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Team Maintenance Services Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: J N Julyan





SECRETARY: Mrs E J Julyan





REGISTERED OFFICE: Tregerles Farm
Mitchell
Newquay
Cornwall
TR8 4PW





REGISTERED NUMBER: 05393237 (England and Wales)





ACCOUNTANTS: Sovereign Accounting Solutions
Chartered Accountants and Business Advisers
Unit 9
Moorland Road Industrial Park
Moorland Road, Indian Queens
St Columb
Cornwall
TR9 6FB

Team Maintenance Services Limited (Registered number: 05393237)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 304,851 301,468
304,852 301,469

CURRENT ASSETS
Debtors 6 198,412 145,889
Cash at bank and in hand 7,576 22,614
205,988 168,503
CREDITORS
Amounts falling due within one year 7 144,405 119,743
NET CURRENT ASSETS 61,583 48,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

366,435

350,229

CREDITORS
Amounts falling due after more than one
year

8

(80,801

)

(112,830

)

PROVISIONS FOR LIABILITIES (68,180 ) (54,980 )
NET ASSETS 217,454 182,419

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 95,165 95,165
Retained earnings 122,189 87,154
SHAREHOLDERS' FUNDS 217,454 182,419

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

Team Maintenance Services Limited (Registered number: 05393237)

Balance Sheet - continued
30 April 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2024 and were signed by:





J N Julyan - Director


Team Maintenance Services Limited (Registered number: 05393237)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Team Maintenance Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 Companies Act 2006. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 4% on cost
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Team Maintenance Services Limited (Registered number: 05393237)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 35,000
AMORTISATION
At 1 May 2023
and 30 April 2024 34,999
NET BOOK VALUE
At 30 April 2024 1
At 30 April 2023 1

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 9,489 575,985 585,474
Additions - 99,622 99,622
Disposals - (38,436 ) (38,436 )
At 30 April 2024 9,489 637,171 646,660
DEPRECIATION
At 1 May 2023 2,625 281,381 284,006
Charge for year 380 74,593 74,973
Eliminated on disposal - (17,170 ) (17,170 )
At 30 April 2024 3,005 338,804 341,809
NET BOOK VALUE
At 30 April 2024 6,484 298,367 304,851
At 30 April 2023 6,864 294,604 301,468

Team Maintenance Services Limited (Registered number: 05393237)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS - continued

The Director reviewed and revalued the fair value of the company's plant and machinery, based on the estimated market value, at 30th April 2016.

The significant fair value of such assets have been arrived at based on the likely replacement cost being the estimated market value.

No such revaluation is thought to be necessary at 30th April 2023 as the net book value of the company's assets are not deemed to be materially different from the estimated market value.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023 201,757
Additions 20,000
Transfer to ownership (25,000 )
Reclassification/transfer 25,000
At 30 April 2024 221,757
DEPRECIATION
At 1 May 2023 90,353
Charge for year 26,281
Transfer to ownership (14,760 )
At 30 April 2024 101,874
NET BOOK VALUE
At 30 April 2024 119,883
At 30 April 2023 111,404

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 196,012 138,920
Other debtors 2,400 6,969
198,412 145,889

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 29,046 33,879
Trade creditors 25,117 17,135
Taxation and social security 53,099 32,799
Other creditors 37,143 35,930
144,405 119,743

Team Maintenance Services Limited (Registered number: 05393237)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 47,133 73,494
Other creditors 33,668 39,336
80,801 112,830

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 17,685 23,290

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 76,179 107,373

10. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 95,165