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REGISTERED NUMBER: 09939400 (England and Wales)















Financial Statements for the Year Ended 30 December 2023

for

Team Maintenance UK Limited

Team Maintenance UK Limited (Registered number: 09939400)






Contents of the Financial Statements
for the Year Ended 30 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Team Maintenance UK Limited

Company Information
for the Year Ended 30 December 2023







DIRECTORS: S C Bullock
D Bullock





REGISTERED OFFICE: Crown Garages
Norley Road
Kingsley
Cheshire
WA6 6TR





REGISTERED NUMBER: 09939400 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Team Maintenance UK Limited (Registered number: 09939400)

Balance Sheet
30 December 2023

30.12.23 30.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 117,272 70,033

CURRENT ASSETS
Debtors 5 171,441 208,040
Cash at bank 16,757 3,669
188,198 211,709
CREDITORS
Amounts falling due within one year 6 188,335 190,724
NET CURRENT (LIABILITIES)/ASSETS (137 ) 20,985
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,135

91,018

CREDITORS
Amounts falling due after more than
one year

7

(38,634

)

(35,879

)

PROVISIONS FOR LIABILITIES (14,998 ) (5,467 )
NET ASSETS 63,503 49,672

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 63,502 49,671
SHAREHOLDERS' FUNDS 63,503 49,672

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2023 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.

Team Maintenance UK Limited (Registered number: 09939400)

Balance Sheet - continued
30 December 2023


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 14 November 2024 and were signed on its behalf by:





S C Bullock - Director


Team Maintenance UK Limited (Registered number: 09939400)

Notes to the Financial Statements
for the Year Ended 30 December 2023

1. STATUTORY INFORMATION

Team Maintenance UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is derived from ordinary activities and is measured at the fair value of the consideration received or receivable from maintenance services, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.

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.
Plant and machinery etc - 25% on cost, 20% on reducing balance and 15% on reducing balance

Financial instruments
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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.


Team Maintenance UK Limited (Registered number: 09939400)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

2. ACCOUNTING POLICIES - continued
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
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 18 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 December 2022 112,173
Additions 77,089
Disposals (1,400 )
At 30 December 2023 187,862
DEPRECIATION
At 31 December 2022 42,140
Charge for year 28,954
Eliminated on disposal (504 )
At 30 December 2023 70,590
NET BOOK VALUE
At 30 December 2023 117,272
At 30 December 2022 70,033

Team Maintenance UK Limited (Registered number: 09939400)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 31 December 2022 33,288
Additions 55,880
At 30 December 2023 89,168
DEPRECIATION
At 31 December 2022 6,658
Charge for year 16,502
At 30 December 2023 23,160
NET BOOK VALUE
At 30 December 2023 66,008
At 30 December 2022 26,630

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£    £   
Trade debtors 53,964 58,098
Amounts owed by associates 27,477 136,720
Amounts recoverable on contract 90,000 10,000
Other debtors - 3,222
171,441 208,040

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£    £   
Bank loans and overdrafts 4,337 5,363
Hire purchase contracts (see note 8) 11,395 5,078
Trade creditors 43,835 73,253
Taxation and social security 28,612 24,581
Other creditors 100,156 82,449
188,335 190,724

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.12.23 30.12.22
£    £   
Bank loans - 9,648
Hire purchase contracts (see note 8) 38,634 26,231
38,634 35,879

Team Maintenance UK Limited (Registered number: 09939400)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.12.23 30.12.22
£    £   
Net obligations repayable:
Within one year 11,395 5,078
Between one and five years 38,634 26,231
50,029 31,309

Non-cancellable operating leases
30.12.23 30.12.22
£    £   
Within one year 21,333 -
Between one and five years 18,309 -
39,642 -

9. SECURED DEBTS

The following secured debts are included within creditors:

30.12.23 30.12.22
£    £   
Hire purchase contracts 50,029 31,309

10. RELATED PARTY DISCLOSURES

Included in debtors is £27,476 (2022: £136,500) due from Team Roundhouse Ltd, a company under common control with Team Maintenance UK Ltd. The loan is interest free and repayable on demand.