09115498falseConstruction of other civil engineering projects not elsewhere classified2023-08-012024-07-31http://www.companieshouse.gov.uk/2023-07-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-07-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-07-31http://www.companieshouse.gov.uk/cd:Director12023-08-012024-07-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-07-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-07-31http://www.companieshouse.gov.uk/cd:Director22023-08-012024-07-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-07-31http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-07-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-08-012024-07-31http://www.companieshouse.gov.uk/pt:MotorCars2023-07-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-07-31http://www.companieshouse.gov.uk/pt:PatentsTrademarksLicencesConcessionsSimilar2023-07-31http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-07-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-08-012024-07-31http://www.companieshouse.gov.uk/pt:MotorCars2024-07-31http://www.companieshouse.gov.uk/pt:PatentsTrademarksLicencesConcessionsSimilar2024-07-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-08-012024-07-31http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-08-012024-07-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-07-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-07-31http://www.companieshouse.gov.uk/2023-08-012024-07-31http://www.companieshouse.gov.uk/2023-07-31http://www.companieshouse.gov.uk/cd:FRS1022023-08-012024-07-31http://www.companieshouse.gov.uk/2024-07-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-08-012024-07-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-08-012024-07-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 09115498

Team Elite Limited

UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31/07/2024

Prepared By:
Whittaker & Co (UK) Ltd
Bryn Isel
The Bank
Newtown
Powys
SY16 2AB

Team Elite Limited

ACCOUNTS
FOR THE YEAR ENDED 31/07/2024
DIRECTORS
Scott Williams
Luke Williams
REGISTERED OFFICE
Woodgrove
Caersws
Newtown
Powys
SY17 5PD
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09115498
ACCOUNTANTS
Whittaker & Co (UK) Ltd
Bryn Isel
The Bank
Newtown
Powys
SY16 2AB

Team Elite Limited

ACCOUNTS
FOR THEYEARENDED31/07/2024
CONTENTS
Page
Directors' Report-
Strategic Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Team Elite Limited

BALANCE SHEET AT 31/07/2024
20242023
Notes££
FIXED ASSETS
Intangible assets215,23415,234
Tangible assets3225,527146,145
240,761161,379
CURRENT ASSETS
Debtors4497,422377,442
Cash at bank and in hand706,755806,582
1,204,1771,184,024
CREDITORS: Amounts falling due within one year5246,659196,500
NET CURRENT ASSETS957,518987,524
TOTAL ASSETS LESS CURRENT LIABILITIES1,198,2791,148,903
PROVISIONS FOR LIABILITIES AND CHARGES742,51827,767
NET ASSETS1,155,7611,121,136
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account1,155,6611,121,036
SHAREHOLDERS' FUNDS1,155,7611,121,136

Team Elite Limited

BALANCE SHEET AT 31/07/2024
For the year ending 31/07/2024 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 07/04/2025 and signed on their behalf by
.............................
Scott Williams
Director
.............................
Luke Williams
Director

Team Elite Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/07/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
1c. Intangible Assets
Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.
2. INTANGIBLE FIXED ASSETS
Development
CostsPatentsTotal
£££
Cost
At 01/08/20232,93012,30415,234
At 31/07/20242,93012,30415,234
Depreciation
At 31/07/2024---
Net Book Amounts
At 31/07/20242,93012,30415,234
At 31/07/20232,93012,30415,234

Team Elite Limited

3. TANGIBLE FIXED ASSETS
Plant and
MachineryEquipmentMotor CarsTotal
££££
Cost
At 01/08/202380,83547,59766,065194,497
Additions121,4858,90049,000179,385
Disposals(48,500)-(29,770)(78,270)
At 31/07/2024153,82056,49785,295295,612
Depreciation
At 01/08/202317,99523,6766,68148,352
Disposals--(6,680)(6,680)
For the year6,1057,10915,19928,413
At 31/07/202424,10030,78515,20070,085
Net Book Amounts
At 31/07/2024129,72025,71270,095225,527
At 31/07/202362,84023,92159,384146,145
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors314,348292,592
VAT75,79467,737
CIS 107,28017,113
497,422377,442
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax186,874133,295
Directors current account4,9055,106
Trade creditors54,88058,099
246,659196,500

Team Elite Limited

6. EMPLOYEES
20242023
No.No.
Average number of employees22
7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation42,51827,767
42,51827,767
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
9. CONTROLLING PARTY
The company is under the control of MR L Williams & MR S Williams, who each own 50% of the issued share capital.
10. RELATED PARTY TRANSACTIONS
At the year end Mr L Williams & Mr S Williams are due £4,905 from the company (2023: £5,106).