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Company No: 04294842 (England and Wales)

A-TEAM CONSULTING LIMITED

Unaudited Financial Statements
For the financial period from 01 October 2023 to 31 December 2024
Pages for filing with the registrar

A-TEAM CONSULTING LIMITED

Unaudited Financial Statements

For the financial period from 01 October 2023 to 31 December 2024

Contents

A-TEAM CONSULTING LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
A-TEAM CONSULTING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024
Note 31.12.2024 30.09.2023
£ £
Fixed assets
Tangible assets 3 6,553 30,347
6,553 30,347
Current assets
Debtors 4 1,069,464 482,134
Cash at bank and in hand 284,233 511,385
1,353,697 993,519
Creditors: amounts falling due within one year 5 ( 569,090) ( 427,715)
Net current assets 784,607 565,804
Total assets less current liabilities 791,160 596,151
Net assets 791,160 596,151
Capital and reserves
Called-up share capital 6 200 200
Profit and loss account 790,960 595,951
Total shareholders' funds 791,160 596,151

For the financial period ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of A-Team Consulting Limited (registered number: 04294842) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Andrew James Schofield
Director

21 May 2025

A-TEAM CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 October 2023 to 31 December 2024
A-TEAM CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 October 2023 to 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

A-Team Consulting Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3 Colegate, Norwich, NR3 1BN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The reporting period length is 15 months, the year end was extended to align with the other companies within the group, the comparative amounts within the financial statements are not entirely comparable.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Income Statement in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements not depreciated
Plant and machinery 5 years straight line
Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

Period from
01.10.2023 to
31.12.2024
Year ended
30.09.2023
Number Number
Monthly average number of persons employed by the Company during the period, including directors 11 12

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Computer equipment Total
£ £ £ £
Cost
At 01 October 2023 18,243 9,151 35,616 63,010
Additions 0 0 1,381 1,381
Disposals ( 18,243) 0 0 ( 18,243)
At 31 December 2024 0 9,151 36,997 46,148
Accumulated depreciation
At 01 October 2023 0 6,290 26,373 32,663
Charge for the financial period 0 1,195 5,737 6,932
At 31 December 2024 0 7,485 32,110 39,595
Net book value
At 31 December 2024 0 1,666 4,887 6,553
At 30 September 2023 18,243 2,861 9,243 30,347

4. Debtors

31.12.2024 30.09.2023
£ £
Trade debtors 455,554 418,704
Amounts owed by Group undertakings 531,682 0
Amounts owed by directors 29,419 0
Prepayments 31,308 63,430
Other debtors 21,501 0
1,069,464 482,134

5. Creditors: amounts falling due within one year

31.12.2024 30.09.2023
£ £
Trade creditors 36,847 15,468
Amounts owed to Group undertakings 0 4,160
Amounts owed to directors 0 10,386
Accruals and deferred income 338,806 161,613
Taxation and social security 155,046 227,519
Other creditors 38,391 8,569
569,090 427,715

6. Called-up share capital

31.12.2024 30.09.2023
£ £
Allotted, called-up and fully-paid
160 A ordinary shares of £ 1.00 each (30.09.2023: 60 shares of £ 1.00 each) 160 60
40 B ordinary shares of £ 1.00 each (30.09.2023: 6 shares of £ 1.00 each) 40 6
Nil C ordinary shares (30.09.2023: 84 shares of £ 1.00 each) 0 84
Nil E ordinary shares (30.09.2023: 25 shares of £ 1.00 each) 0 25
Nil F ordinary shares (30.09.2023: 25 shares of £ 1.00 each) 0 25
200 200

During the year the company underwent a restructure. which involved the cancelation of share classes C, E and F, along with the allotment of further A and B shares.

7. Related party transactions

Transactions with owners holding a participating interest in the entity

At the year end, the parent company owed the company £531,682 (2023 - nil).

Transactions with the entity's directors

At the year end, the directors owed the company £29,419 (2023 - the company owed the directors £10,386)

8. Ultimate controlling party

Parent Company:

Finelight Media Group Limited
3 Colegate Street
Norwich
Norfolk
NR3 1BN