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REGISTERED NUMBER: 09080207 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

TEAM ZX1 (SERVICES) LIMITED

TEAM ZX1 (SERVICES) LIMITED (REGISTERED NUMBER: 09080207)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


TEAM ZX1 (SERVICES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S G Munt
S D Munt
A D D Brann
A D Smith





REGISTERED OFFICE: 3 Blacklands Crescent
Forest Row
East Sussex
RH18 5NN





REGISTERED NUMBER: 09080207 (England and Wales)





ACCOUNTANTS: Charles Lamb
Chartered Accountants
3 Blacklands Crescent
Forest Row
East Sussex
RH18 5NN

TEAM ZX1 (SERVICES) LIMITED (REGISTERED NUMBER: 09080207)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 74,636 58,958
Cash at bank 68 12
74,704 58,970
CREDITORS
Amounts falling due within one year 5 38,077 27,298
NET CURRENT ASSETS 36,627 31,672
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,627

31,672

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 36,577 31,622
SHAREHOLDERS' FUNDS 36,627 31,672

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 28 October 2024 and were signed on its behalf by:





S G Munt - Director


TEAM ZX1 (SERVICES) LIMITED (REGISTERED NUMBER: 09080207)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Team ZX1 (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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,500 11,000
Other debtors 64,136 47,958
74,636 58,958

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,631 4,243
Other creditors 36,446 23,055
38,077 27,298

TEAM ZX1 (SERVICES) LIMITED (REGISTERED NUMBER: 09080207)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
S G Munt and S D Munt
Balance outstanding at start of year (12,352 ) (11,352 )
Amounts advanced 18,600 37,000
Amounts repaid (32,000 ) (38,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (25,752 ) (12,352 )

The directors loan is unsecured and repayable on demand. Interest at 2.25% is charged on any amounts due to the company, but the loan is otherwise interest free.

7. RELATED PARTY DISCLOSURES

During the period, the company charged Team ZX1 Limited, a company owned 50% by SD Munt and SG Munt, an amount of £22,500 for administrative and other services. At the year end, £10,500 remained outstanding and is shown in trade debtors. Additionally, Team ZX1 Limited owed the company an amount of £64,103, which is shown in other debtors. This loan is interest free, unsecured and repayable on demand.