2023-04-012024-03-312024-03-31false07440416TEAM INCREDIBLE LTD.2024-11-1182990iso4217:GBPxbrli:pure074404162023-04-01074404162024-03-31074404162023-04-012024-03-31074404162022-04-01074404162023-03-31074404162022-04-012023-03-3107440416bus:SmallEntities2023-04-012024-03-3107440416bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3107440416bus:FullAccounts2023-04-012024-03-3107440416bus:PrivateLimitedCompanyLtd2023-04-012024-03-3107440416core:WithinOneYear2024-03-3107440416core:AfterOneYear2024-03-3107440416core:WithinOneYear2023-03-3107440416core:AfterOneYear2023-03-3107440416core:ShareCapital2024-03-3107440416core:SharePremium2024-03-3107440416core:RevaluationReserve2024-03-3107440416core:OtherReservesSubtotal2024-03-3107440416core:RetainedEarningsAccumulatedLosses2024-03-3107440416core:ShareCapital2023-03-3107440416core:SharePremium2023-03-3107440416core:RevaluationReserve2023-03-3107440416core:OtherReservesSubtotal2023-03-3107440416core:RetainedEarningsAccumulatedLosses2023-03-3107440416core:LandBuildings2024-03-3107440416core:PlantMachinery2024-03-3107440416core:Vehicles2024-03-3107440416core:FurnitureFittings2024-03-3107440416core:OfficeEquipment2024-03-3107440416core:NetGoodwill2024-03-3107440416core:IntangibleAssetsOtherThanGoodwill2024-03-3107440416core:ListedExchangeTraded2024-03-3107440416core:UnlistedNon-exchangeTraded2024-03-3107440416core:LandBuildings2023-03-3107440416core:PlantMachinery2023-03-3107440416core:Vehicles2023-03-3107440416core:FurnitureFittings2023-03-3107440416core:OfficeEquipment2023-03-3107440416core:NetGoodwill2023-03-3107440416core:IntangibleAssetsOtherThanGoodwill2023-03-3107440416core:ListedExchangeTraded2023-03-3107440416core:UnlistedNon-exchangeTraded2023-03-3107440416core:LandBuildings2023-04-012024-03-3107440416core:PlantMachinery2023-04-012024-03-3107440416core:Vehicles2023-04-012024-03-3107440416core:FurnitureFittings2023-04-012024-03-3107440416core:OfficeEquipment2023-04-012024-03-3107440416core:NetGoodwill2023-04-012024-03-3107440416core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3107440416core:ListedExchangeTraded2023-04-012024-03-3107440416core:UnlistedNon-exchangeTraded2023-04-012024-03-3107440416core:MoreThanFiveYears2023-04-012024-03-3107440416core:Non-currentFinancialInstruments2024-03-3107440416core:Non-currentFinancialInstruments2023-03-3107440416dpl:CostSales2023-04-012024-03-3107440416dpl:DistributionCosts2023-04-012024-03-3107440416core:LandBuildings2023-04-012024-03-3107440416core:PlantMachinery2023-04-012024-03-3107440416core:Vehicles2023-04-012024-03-3107440416core:FurnitureFittings2023-04-012024-03-3107440416core:OfficeEquipment2023-04-012024-03-3107440416dpl:AdministrativeExpenses2023-04-012024-03-3107440416core:NetGoodwill2023-04-012024-03-3107440416core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3107440416dpl:GroupUndertakings2023-04-012024-03-3107440416dpl:ParticipatingInterests2023-04-012024-03-3107440416dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3107440416core:ListedExchangeTraded2023-04-012024-03-3107440416dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3107440416core:UnlistedNon-exchangeTraded2023-04-012024-03-3107440416dpl:CostSales2022-04-012023-03-3107440416dpl:DistributionCosts2022-04-012023-03-3107440416core:LandBuildings2022-04-012023-03-3107440416core:PlantMachinery2022-04-012023-03-3107440416core:Vehicles2022-04-012023-03-3107440416core:FurnitureFittings2022-04-012023-03-3107440416core:OfficeEquipment2022-04-012023-03-3107440416dpl:AdministrativeExpenses2022-04-012023-03-3107440416core:NetGoodwill2022-04-012023-03-3107440416core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3107440416dpl:GroupUndertakings2022-04-012023-03-3107440416dpl:ParticipatingInterests2022-04-012023-03-3107440416dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3107440416core:ListedExchangeTraded2022-04-012023-03-3107440416dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3107440416core:UnlistedNon-exchangeTraded2022-04-012023-03-3107440416core:NetGoodwill2024-03-3107440416core:IntangibleAssetsOtherThanGoodwill2024-03-3107440416core:LandBuildings2024-03-3107440416core:PlantMachinery2024-03-3107440416core:Vehicles2024-03-3107440416core:FurnitureFittings2024-03-3107440416core:OfficeEquipment2024-03-3107440416core:AfterOneYear2024-03-3107440416core:WithinOneYear2024-03-3107440416core:ListedExchangeTraded2024-03-3107440416core:UnlistedNon-exchangeTraded2024-03-3107440416core:ShareCapital2024-03-3107440416core:SharePremium2024-03-3107440416core:RevaluationReserve2024-03-3107440416core:OtherReservesSubtotal2024-03-3107440416core:RetainedEarningsAccumulatedLosses2024-03-3107440416core:NetGoodwill2023-03-3107440416core:IntangibleAssetsOtherThanGoodwill2023-03-3107440416core:LandBuildings2023-03-3107440416core:PlantMachinery2023-03-3107440416core:Vehicles2023-03-3107440416core:FurnitureFittings2023-03-3107440416core:OfficeEquipment2023-03-3107440416core:AfterOneYear2023-03-3107440416core:WithinOneYear2023-03-3107440416core:ListedExchangeTraded2023-03-3107440416core:UnlistedNon-exchangeTraded2023-03-3107440416core:ShareCapital2023-03-3107440416core:SharePremium2023-03-3107440416core:RevaluationReserve2023-03-3107440416core:OtherReservesSubtotal2023-03-3107440416core:RetainedEarningsAccumulatedLosses2023-03-3107440416core:NetGoodwill2022-04-0107440416core:IntangibleAssetsOtherThanGoodwill2022-04-0107440416core:LandBuildings2022-04-0107440416core:PlantMachinery2022-04-0107440416core:Vehicles2022-04-0107440416core:FurnitureFittings2022-04-0107440416core:OfficeEquipment2022-04-0107440416core:AfterOneYear2022-04-0107440416core:WithinOneYear2022-04-0107440416core:ListedExchangeTraded2022-04-0107440416core:UnlistedNon-exchangeTraded2022-04-0107440416core:ShareCapital2022-04-0107440416core:SharePremium2022-04-0107440416core:RevaluationReserve2022-04-0107440416core:OtherReservesSubtotal2022-04-0107440416core:RetainedEarningsAccumulatedLosses2022-04-0107440416core:AfterOneYear2023-04-012024-03-3107440416core:WithinOneYear2023-04-012024-03-3107440416core:Non-currentFinancialInstrumentscore:CostValuation2023-04-012024-03-3107440416core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-012024-03-3107440416core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-012024-03-3107440416core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-012024-03-3107440416core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-012024-03-3107440416core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-012024-03-3107440416core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3107440416core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3107440416core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3107440416core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3107440416core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3107440416core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3107440416core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3107440416core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3107440416core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3107440416core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3107440416core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3107440416core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3107440416core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3107440416core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3107440416core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3107440416core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3107440416core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3107440416core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3107440416core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3107440416core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3107440416core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3107440416bus:Director12023-04-012024-03-3107440416bus:Director22023-04-012024-03-31

TEAM INCREDIBLE LTD.

Registered Number
07440416
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

TEAM INCREDIBLE LTD.
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

DIX, Robert Alan
SLADE, Michelle

Registered Address

4 Glasshouse Studios Fryern Court Road
Burgate
Fordingbridge
SP6 1QX

Registered Number

07440416 (England and Wales)
TEAM INCREDIBLE LTD.
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3119,513107,790
Tangible assets42,7573,233
122,270111,023
Current assets
Debtors5284,191359,910
Cash at bank and on hand761,040504,338
1,045,231864,248
Creditors amounts falling due within one year6(159,212)(124,699)
Net current assets (liabilities)886,019739,549
Total assets less current liabilities1,008,289850,572
Net assets1,008,289850,572
Capital and reserves
Called up share capital44
Profit and loss account1,008,285850,568
Shareholders' funds1,008,289850,572
The financial statements were approved and authorised for issue by the Board of Directors on 11 November 2024, and are signed on its behalf by:
DIX, Robert Alan
Director
SLADE, Michelle
Director

Registered Company No. 07440416
TEAM INCREDIBLE LTD.
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Development costs are being amortised evenly over their estimated useful life of ten years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment25
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year11
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 April 23149,091149,091
Additions20,91020,910
At 31 March 24170,001170,001
Amortisation and impairment
At 01 April 2341,30141,301
Charge for year9,1879,187
At 31 March 2450,48850,488
Net book value
At 31 March 24119,513119,513
At 31 March 23107,790107,790
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 April 235,1205,120
Additions350350
At 31 March 245,4705,470
Depreciation and impairment
At 01 April 231,8871,887
Charge for year826826
At 31 March 242,7132,713
Net book value
At 31 March 242,7572,757
At 31 March 233,2333,233
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables151,340126,436
Other debtors125,000225,000
Prepayments and accrued income7,8518,474
Total284,191359,910
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables24,06818,033
Bank borrowings and overdrafts102-
Taxation and social security78,24663,790
Other creditors56,79642,876
Total159,212124,699
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.