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REGISTERED NUMBER: 08989292 (England and Wales)















Financial Statements for the Year Ended 31 March 2025

for

Team TLV Limited

Team TLV Limited (Registered number: 08989292)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Team TLV Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: V F Gibson
T N Luft





SECRETARY: T N Luft





REGISTERED OFFICE: Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 08989292 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Team TLV Limited (Registered number: 08989292)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,168 1,981

CURRENT ASSETS
Debtors 5 16,797 30,759
Cash at bank 55,190 16,547
71,987 47,306
CREDITORS
Amounts falling due within one year 6 60,208 48,771
NET CURRENT ASSETS/(LIABILITIES) 11,779 (1,465 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,947

516

CAPITAL AND RESERVES
Called up share capital 7 400 400
Retained earnings 13,547 116
SHAREHOLDERS' FUNDS 13,947 516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 TLV Limited (Registered number: 08989292)

Balance Sheet - continued
31 March 2025


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 11 May 2025 and were signed on its behalf by:





T N Luft - Director


Team TLV Limited (Registered number: 08989292)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Team TLV 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

Team TLV Limited (Registered number: 08989292)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2024 542 7,014 7,556
Additions - 1,360 1,360
Disposals - (1,458 ) (1,458 )
At 31 March 2025 542 6,916 7,458
DEPRECIATION
At 1 April 2024 344 5,231 5,575
Charge for year 50 995 1,045
Eliminated on disposal - (1,330 ) (1,330 )
At 31 March 2025 394 4,896 5,290
NET BOOK VALUE
At 31 March 2025 148 2,020 2,168
At 31 March 2024 198 1,783 1,981

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 16,797 30,759

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Corporation tax 26,973 6,034
Social security and other taxes 301 66
VAT 8,040 7,537
Directors' current accounts 23,494 33,784
Accrued expenses 1,400 1,350
60,208 48,771

Team TLV Limited (Registered number: 08989292)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
200 Ordinary £1 200 200
200 A Ordinary £1 200 200
400 400

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.