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REGISTERED NUMBER: 06666241 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

TEEM SERVICES LIMITED

TEEM SERVICES LIMITED (REGISTERED NUMBER: 06666241)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TEEM SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTORS: A R Abbotts
A Paul





REGISTERED OFFICE: 28 Dorchester Road
Solihull
West Midlands
B91 1LW





REGISTERED NUMBER: 06666241 (England and Wales)





ACCOUNTANTS: Saunders Wood & Co.
Chartered Accountants
140A Tachbrook Street
London SW1V 2NE

TEEM SERVICES LIMITED (REGISTERED NUMBER: 06666241)

BALANCE SHEET
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 469 1,304
Investments 5 163,762 157,845
164,231 159,149

CURRENT ASSETS
Debtors 6 31,744 124,100
Cash at bank 277,792 374,814
309,536 498,914
CREDITORS
Amounts falling due within one year 7 120,648 211,789
NET CURRENT ASSETS 188,888 287,125
TOTAL ASSETS LESS CURRENT
LIABILITIES

353,119

446,274

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 343,119 436,274
SHAREHOLDERS' FUNDS 353,119 446,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 1 November 2024 and were signed on its behalf by:




A R Abbotts - Director


TEEM SERVICES LIMITED (REGISTERED NUMBER: 06666241)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Teem 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

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.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

TEEM SERVICES LIMITED (REGISTERED NUMBER: 06666241)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 13,448
DEPRECIATION
At 1 September 2023 12,144
Charge for year 835
At 31 August 2024 12,979
NET BOOK VALUE
At 31 August 2024 469
At 31 August 2023 1,304

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2023 157,845
Additions 5,917
At 31 August 2024 163,762
NET BOOK VALUE
At 31 August 2024 163,762
At 31 August 2023 157,845

Market Value as at 31st August 2024 - £183,598 (2023 : £139,071)

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 17,876 115,207
Other debtors 13,868 8,893
31,744 124,100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 7,584 1,941
Taxation and social security 81,067 102,061
Other creditors 31,997 107,787
120,648 211,789