Acorah Software Products - Accounts Production 15.0.650 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 10569223 Mr Xuan Au Mr Jonathan Fry iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10569223 2023-01-31 10569223 2024-01-31 10569223 2023-02-01 2024-01-31 10569223 frs-core:CurrentFinancialInstruments 2024-01-31 10569223 frs-core:ComputerEquipment 2024-01-31 10569223 frs-core:ComputerEquipment 2023-02-01 2024-01-31 10569223 frs-core:ComputerEquipment 2023-01-31 10569223 frs-core:MotorVehicles 2024-01-31 10569223 frs-core:MotorVehicles 2023-02-01 2024-01-31 10569223 frs-core:MotorVehicles 2023-01-31 10569223 frs-core:PlantMachinery 2024-01-31 10569223 frs-core:PlantMachinery 2023-02-01 2024-01-31 10569223 frs-core:PlantMachinery 2023-01-31 10569223 frs-core:ShareCapital 2024-01-31 10569223 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 10569223 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10569223 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 10569223 frs-bus:SmallEntities 2023-02-01 2024-01-31 10569223 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10569223 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 10569223 frs-core:CostValuation 2023-01-31 10569223 frs-core:CostValuation 2024-01-31 10569223 frs-core:ProvisionsForImpairmentInvestments 2023-01-31 10569223 frs-core:ProvisionsForImpairmentInvestments 2024-01-31 10569223 frs-bus:Director1 2023-02-01 2024-01-31 10569223 frs-bus:Director2 2023-02-01 2024-01-31 10569223 frs-core:CurrentFinancialInstruments 2 2024-01-31 10569223 frs-core:CurrentFinancialInstruments 4 2024-01-31 10569223 frs-countries:EnglandWales 2023-02-01 2024-01-31 10569223 2022-01-31 10569223 2023-01-31 10569223 2022-02-01 2023-01-31 10569223 frs-core:CurrentFinancialInstruments 2023-01-31 10569223 frs-core:ShareCapital 2023-01-31 10569223 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 10569223 frs-core:CurrentFinancialInstruments 2 2023-01-31 10569223 frs-core:CurrentFinancialInstruments 4 2023-01-31
Registered number: 10569223
Teamblockchain Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Hargreaves & Co
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10569223
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 40,287 49,549
Investments 5 61,245 61,245
101,532 110,794
CURRENT ASSETS
Cash at bank and in hand 13,512 15,360
13,512 15,360
Creditors: Amounts Falling Due Within One Year 6 (98,320 ) (83,429 )
NET CURRENT ASSETS (LIABILITIES) (84,808 ) (68,069 )
TOTAL ASSETS LESS CURRENT LIABILITIES 16,724 42,725
NET ASSETS 16,724 42,725
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 16,624 42,625
SHAREHOLDERS' FUNDS 16,724 42,725
Page 1
Page 2
For the year ending 31 January 2024 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jonathan Fry
Director
30 October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Teamblockchain Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10569223 . The registered office is The Charmwood Centre Southampton Road, Bartley, Southampton, Hants, SO40 2NA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% RBM
Motor Vehicles 25%
Computer Equipment 25% RBM
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 9,000 50,000 600 59,600
As at 31 January 2024 9,000 50,000 600 59,600
Depreciation
As at 1 February 2023 2,401 7,500 150 10,051
Provided during the period 1,650 7,500 112 9,262
As at 31 January 2024 4,051 15,000 262 19,313
Net Book Value
As at 31 January 2024 4,949 35,000 338 40,287
As at 1 February 2023 6,599 42,500 450 49,549
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Page 4
5. Investments
Other
£
Cost
As at 1 February 2023 61,245
As at 31 January 2024 61,245
Provision
As at 1 February 2023 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 61,245
As at 1 February 2023 61,245
During the year brought JPHF Fry Consulting Ltd worth £61,000.
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts (1 ) -
Loan JPHF Fry Consulting Ltd 7,579 7,579
Other creditors - TB Loan 11,500 11,500
Accruals and deferred income 1,137 1,077
Directors' loan accounts 78,569 63,737
Amounts owed to related parties (464 ) (464 )
98,320 83,429
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid - 10,000
- 10,000
Dividends were paid in the year in the sum of £5,000.
Page 4