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REGISTERED NUMBER: 08351797 (England and Wales)















Financial Statements for the Year Ended 30 December 2023

for

Team Roundhouse Ltd

Team Roundhouse Ltd (Registered number: 08351797)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Team Roundhouse Ltd

Company Information
for the Year Ended 30 December 2023







DIRECTOR: S C Bullock





REGISTERED OFFICE: Crown Garages
Norley Road
Kingsley
WA6 6TR





REGISTERED NUMBER: 08351797 (England and Wales)





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

Team Roundhouse Ltd (Registered number: 08351797)

Balance Sheet
30 December 2023

30.12.23 30.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,140 19,784

CURRENT ASSETS
Debtors 5 173,580 144,941
Cash at bank and in hand 219,840 416,807
393,420 561,748
CREDITORS
Amounts falling due within one year 6 163,455 293,145
NET CURRENT ASSETS 229,965 268,603
TOTAL ASSETS LESS CURRENT
LIABILITIES

276,105

288,387

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 276,104 288,386
SHAREHOLDERS' FUNDS 276,105 288,387

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 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.

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 14 November 2024 and were signed by:





S C Bullock - Director


Team Roundhouse Ltd (Registered number: 08351797)

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

1. STATUTORY INFORMATION

Team Roundhouse Ltd 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 construction 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.
Land and buildings - in accordance with the property
Plant and machinery etc - 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.

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 Roundhouse Ltd (Registered number: 08351797)

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
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 NIL (2022 - 1 ).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 31 December 2022 10,000 17,922 27,922
Additions - 32,735 32,735
At 30 December 2023 10,000 50,657 60,657
DEPRECIATION
At 31 December 2022 - 8,138 8,138
Charge for year - 6,379 6,379
At 30 December 2023 - 14,517 14,517
NET BOOK VALUE
At 30 December 2023 10,000 36,140 46,140
At 30 December 2022 10,000 9,784 19,784

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£    £   
Trade debtors 45,532 34,492
Amounts owed by associates 9,000 9,000
Amounts recoverable on contract 40,000 40,000
Other debtors 79,048 61,449
173,580 144,941

Team Roundhouse Ltd (Registered number: 08351797)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£    £   
Trade creditors 77,910 57,805
Amounts owed to associates 27,477 136,500
Taxation and social security 57,237 97,140
Other creditors 831 1,700
163,455 293,145

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is a balance of £78,448 (2022 £60,849) due from the director.

8. RELATED PARTY DISCLOSURES

Included in other creditors is £27,476 (2022 £136,500) due to companies which are under common control with Team Roundhouse Ltd. The loans are interest free and repayable on demand.