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REGISTERED NUMBER: 04861379 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

TEAM CREATIVE LIMITED

TEAM CREATIVE LIMITED (REGISTERED NUMBER: 04861379)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TEAM CREATIVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: M D Sealey
J Sealey





SECRETARY: J Sealey





REGISTERED OFFICE: Robins Cottage
St. Raphaels
Buxted
East Sussex
TN22 4JS





REGISTERED NUMBER: 04861379 (England and Wales)





ACCOUNTANTS: GBJ Financial Limited
Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW

TEAM CREATIVE LIMITED (REGISTERED NUMBER: 04861379)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 1,588 1,650

CURRENT ASSETS
Stocks 300 300
Debtors 5 5,010 1,258
Cash at bank 26,411 46,181
31,721 47,739
CREDITORS
Amounts falling due within one year 6 13,754 11,853
NET CURRENT ASSETS 17,967 35,886
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,555

37,536

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19,455 37,436
SHAREHOLDERS' FUNDS 19,555 37,536

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 CREATIVE LIMITED (REGISTERED NUMBER: 04861379)

BALANCE SHEET - continued
31 AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by:




M D Sealey - Director



J Sealey - Director


TEAM CREATIVE LIMITED (REGISTERED NUMBER: 04861379)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Team Creative 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 represents net invoiced sales of goods and services, excluding value added tax.

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% on reducing balance
Office equipment and furniture - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
Plant and and Computer
machinery furniture equipment Totals
£ £ £ £
COST
At 1 September 2023 11,572 4,089 21,706 37,367
Additions - 583 - 583
At 31 August 2024 11,572 4,672 21,706 37,950
DEPRECIATION
At 1 September 2023 10,361 4,051 21,305 35,717
Charge for year 311 10 324 645
At 31 August 2024 10,672 4,061 21,629 36,362
NET BOOK VALUE
At 31 August 2024 900 611 77 1,588
At 31 August 2023 1,211 38 401 1,650

TEAM CREATIVE LIMITED (REGISTERED NUMBER: 04861379)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 5,010 1,258

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 836 694
Corporation tax 7,877 6,285
VAT 2,875 2,762
Directors' loan accounts 313 311
Accrued expenses 1,853 1,801
13,754 11,853