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REGISTERED NUMBER: 07171421 (England and Wales)









Financial Statements

for the Year Ended

29 February 2024

for

Romteam Ltd

Romteam Ltd (Registered number: 07171421)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Romteam Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: I Iacov





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 07171421 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Romteam Ltd (Registered number: 07171421)

Statement of Financial Position
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 2,296 2,618

CURRENT ASSETS
Debtors 5 117,010 186,812
Cash at bank 264,410 245,878
381,420 432,690
CREDITORS
Amounts falling due within one year 6 (144,681 ) (60,509 )
NET CURRENT ASSETS 236,739 372,181
TOTAL ASSETS LESS CURRENT
LIABILITIES

239,035

374,799

PROVISIONS FOR LIABILITIES (655 ) (655 )
NET ASSETS 238,380 374,144

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 238,370 374,134
SHAREHOLDERS' FUNDS 238,380 374,144

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 November 2024 and were signed by:





I Iacov - Director


Romteam Ltd (Registered number: 07171421)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Romteam 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.

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 represents net invoiced sale of services, excluding value added tax, and is recognised when the service to the customer has been completed. Turnover is only recognised when the amounts are fixed or determinable and recoverability is reasonably assured.

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 - 25% Straight line
Fixtures and fittings - 25% Straight line
Motor vehicles - 25% on cost
Computer equipment - 33.33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 - 3 ) .

Romteam Ltd (Registered number: 07171421)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 March 2023 124,602
Additions 1,149
At 29 February 2024 125,751
DEPRECIATION
At 1 March 2023 121,984
Charge for year 1,471
At 29 February 2024 123,455
NET BOOK VALUE
At 29 February 2024 2,296
At 28 February 2023 2,618

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 75,019 37,754
Other debtors 41,991 149,058
117,010 186,812

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 24,199 17,121
Taxation and social security 83,541 11,794
Other creditors 36,941 31,594
144,681 60,509

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
I Iacov
Balance outstanding at start of year 69,950 116,169
Amounts advanced - 69,950
Amounts repaid (69,950 ) (116,169 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 69,950

The Director's loan account was repaid during the year.