IRIS Accounts Production v24.1.9.2 13306516 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh133065162023-03-31133065162024-03-31133065162023-04-012024-03-31133065162022-03-31133065162022-04-012023-03-31133065162023-03-3113306516ns15:EnglandWales2023-04-012024-03-3113306516ns14:PoundSterling2023-04-012024-03-3113306516ns10:Director12023-04-012024-03-3113306516ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3113306516ns10:SmallEntities2023-04-012024-03-3113306516ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3113306516ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3113306516ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3113306516ns10:FullAccounts2023-04-012024-03-3113306516ns10:Director22023-04-012024-03-3113306516ns10:RegisteredOffice2023-04-012024-03-3113306516ns5:CurrentFinancialInstruments2024-03-3113306516ns5:CurrentFinancialInstruments2023-03-3113306516ns5:Non-currentFinancialInstruments2024-03-3113306516ns5:Non-currentFinancialInstruments2023-03-3113306516ns5:RetainedEarningsAccumulatedLosses2024-03-3113306516ns5:RetainedEarningsAccumulatedLosses2023-03-3113306516ns5:MotorVehicles2023-04-012024-03-3113306516ns5:ComputerEquipment2023-04-012024-03-3113306516ns5:MotorVehicles2023-03-3113306516ns5:ComputerEquipment2023-03-3113306516ns5:MotorVehicles2024-03-3113306516ns5:ComputerEquipment2024-03-3113306516ns5:MotorVehicles2023-03-3113306516ns5:ComputerEquipment2023-03-3113306516ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3113306516ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3113306516ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-03-3113306516ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-31
















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Team HB Consultancy Limited

Team HB Consultancy Limited (Registered number: 13306516)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Team HB Consultancy Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: L Hinton-Bowen
Mrs E Hinton-Bowen





REGISTERED OFFICE: Sherbet House
17a Harris Business Park
Hanbury Road
Stoke Prior
Worcestershire
B60 4DJ





REGISTERED NUMBER: 13306516 (England and Wales)





ACCOUNTANTS: Alan Hanson
Aldon Accounting Services
1 Church Street
Kempsey
Worcester
Worcestershire
WR5 3JG

Team HB Consultancy Limited (Registered number: 13306516)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 73,483 2,055

CURRENT ASSETS
Stocks 25,000 -
Debtors 5 303,329 252,796
Cash at bank 277 40,932
328,606 293,728
CREDITORS
Amounts falling due within one year 6 133,894 96,316
NET CURRENT ASSETS 194,712 197,412
TOTAL ASSETS LESS CURRENT
LIABILITIES

268,195

199,467

CREDITORS
Amounts falling due after more than one year 7 74,950 -
NET ASSETS 193,245 199,467

RESERVES
Retained earnings 193,245 199,467
193,245 199,467

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Team HB Consultancy Limited (Registered number: 13306516)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 4 July 2024 and were signed on its behalf by:





L Hinton-Bowen - Director


Team HB Consultancy Limited (Registered number: 13306516)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Team HB Consultancy Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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.

Team HB Consultancy Limited (Registered number: 13306516)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 - 6,165 6,165
Additions 97,950 - 97,950
At 31 March 2024 97,950 6,165 104,115
DEPRECIATION
At 1 April 2023 - 4,110 4,110
Charge for year 24,488 2,034 26,522
At 31 March 2024 24,488 6,144 30,632
NET BOOK VALUE
At 31 March 2024 73,462 21 73,483
At 31 March 2023 - 2,055 2,055

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 108,293 118,250
Other debtors 195,036 134,546
303,329 252,796

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other loans 13,800 -
Trade creditors 956 -
Tax 50,378 46,307
Social security and other taxes 2,279 13,408
VAT 55,810 30,780
Other creditors 7,771 2,921
Accrued expenses 2,900 2,900
133,894 96,316

Team HB Consultancy Limited (Registered number: 13306516)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other loans - 2-5 years 74,950 -