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Registration number: 14025187

Team Maker Limited

trading as Team Maker Ltd

Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Team Maker Limited

trading as Team Maker Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Team Maker Limited

trading as Team Maker Ltd

Company Information

Director

Mr Mathew John Slater

Registered office

56 High Lane
Brown Edge
Stoke-On-Trent
ST6 8RU

Accountants

Alextra Group Limited
Chartered Certified Accountants7-9 Macon Court
Crewe
Cheshire
CW1 6EA

 

Team Maker Limited

trading as Team Maker Ltd

(Registration number: 14025187)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,785

2,709

Current assets

 

Debtors

5

2,000

-

Cash at bank and in hand

 

588

573

 

2,588

573

Creditors: Amounts falling due within one year

6

(6,036)

(2,391)

Net current liabilities

 

(3,448)

(1,818)

Total assets less current liabilities

 

2,337

891

Provisions for liabilities

(1,093)

(515)

Net assets

 

1,244

376

Capital and reserves

 

Called up share capital

10

10

Retained earnings

1,234

366

Shareholders' funds

 

1,244

376

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 January 2025
 

 

Team Maker Limited

trading as Team Maker Ltd

(Registration number: 14025187)
Balance Sheet as at 30 April 2024

.........................................
Mr Mathew John Slater
Director

 

Team Maker Limited

trading as Team Maker Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
56 High Lane
Brown Edge
Stoke-On-Trent
ST6 8RU
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Team Maker Limited

trading as Team Maker Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & Fittings

10% reducing balance

Office Equipment

10% reducing balance

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Team Maker Limited

trading as Team Maker Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

3,010

3,010

Additions

3,660

3,660

At 30 April 2024

6,670

6,670

Depreciation

At 1 May 2023

301

301

Charge for the year

584

584

At 30 April 2024

885

885

Carrying amount

At 30 April 2024

5,785

5,785

At 30 April 2023

2,709

2,709

5

Debtors

Current

2024
£

2023
£

Trade debtors

1,500

-

Other debtors

500

-

 

2,000

-

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

5,477

2,130

Accruals and deferred income

540

240

Other creditors

19

21

6,036

2,391