1 April 2023 false No description of principal activity Taxfiler 2024.6 9465464business:PrivateLimitedCompanyLtd2023-04-012024-03-31 94654642023-03-31 94654642023-04-012024-03-31 9465464business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 9465464business:FilletedAccounts2023-04-012024-03-31 94654642024-03-31 94654642023-03-31 9465464core:WithinOneYear2024-03-31 9465464core:WithinOneYear2023-03-31 9465464core:AfterOneYear2024-03-31 9465464core:AfterOneYear2023-03-31 9465464core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 9465464core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 9465464core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 9465464core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 9465464core:PreviouslyStatedAmount2024-03-31 9465464core:PreviouslyStatedAmount2023-03-31 9465464business:SmallEntities2023-04-012024-03-31 9465464business:Director12023-04-012024-03-31 9465464countries:EnglandWales2023-04-012024-03-31 9465464business:RegisteredOffice2023-04-012024-03-31 9465464core:PlantMachinery2023-03-31 9465464core:PlantMachinery2024-03-31 9465464core:PlantMachinery2023-04-012024-03-31 9465464core:DisposalsRepaymentsInvestments2024-03-31 94654642022-04-012023-03-31 iso4217:GBP xbrli:pure
TEAM GEO LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
1,768 
Investments
325,610 
325,821 
325,610 
327,589 
Current assets
Debtors
46,584 
13,149 
Cash at bank and in hand
6,089 
5,818 
52,673 
18,967 
Creditors: amounts falling due within one year
(5,420)
- 
Net current assets
47,253 
18,967 
Total assets less current liabilities
372,863 
346,556 
Creditors: amounts falling due after more than one year
(36,483)
(40,825)
Net assets
336,380 
305,731 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
336,378 
305,729 
Shareholders' funds
336,380 
305,731 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 December 2024 and were signed on its behalf by
SARALIDZE, Sergo Director Company Registration No. 9465464
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TEAM GEO LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
TEAM GEO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 9465464. The registered office is 86-90 PAUL STREET, LONDON, EC2A 4NE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
4,358 
At 31 March 2024
4,358 
Depreciation
At 1 April 2023
2,590 
Charge for the year
1,768 
At 31 March 2024
4,358 
Net book value
At 31 March 2024
- 
At 31 March 2023
1,768 
5
Investments
Other investments 
£ 
Valuation at 1 April 2023
325,821 
Disposals
(211)
Valuation at 31 March 2024
325,610 
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TEAM GEO LIMITED Notes to the Accounts for the year ended 31 March 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
22,394 
6,910 
Other debtors
24,190 
6,239 
46,584 
13,149 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
(781)
- 
Taxes and social security
(86)
- 
Other creditors
6,287 
- 
5,420 
- 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
36,483 
40,825 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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