IRIS Accounts Production v25.1.0.734 03534592 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false 39527 70003 38614 42009 12882 11533 13795 39527 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035345922023-09-30035345922024-09-30035345922023-10-012024-09-30035345922022-10-31035345922022-11-012023-09-30035345922023-09-3003534592ns15:EnglandWales2023-10-012024-09-3003534592ns14:PoundSterling2023-10-012024-09-3003534592ns10:Director12023-10-012024-09-3003534592ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3003534592ns10:SmallEntities2023-10-012024-09-3003534592ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3003534592ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3003534592ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3003534592ns10:FullAccounts2023-10-012024-09-3003534592ns10:Director2422023-09-3003534592ns10:Director2422022-10-3103534592ns10:Director2422023-10-012024-09-3003534592ns10:Director2422022-11-012023-09-3003534592ns10:Director2422024-09-3003534592ns10:Director2422023-09-3003534592ns10:Director22023-10-012024-09-3003534592ns10:CompanySecretary12023-10-012024-09-3003534592ns10:RegisteredOffice2023-10-012024-09-3003534592ns5:CurrentFinancialInstruments2024-09-3003534592ns5:CurrentFinancialInstruments2023-09-3003534592ns5:ShareCapital2024-09-3003534592ns5:ShareCapital2023-09-3003534592ns5:RetainedEarningsAccumulatedLosses2024-09-3003534592ns5:RetainedEarningsAccumulatedLosses2023-09-3003534592ns5:PlantMachinery2023-10-012024-09-3003534592ns5:MotorVehicles2023-10-012024-09-3003534592ns5:ComputerEquipment2023-10-012024-09-3003534592ns5:PlantMachinery2023-09-3003534592ns5:MotorVehicles2023-09-3003534592ns5:ComputerEquipment2023-09-3003534592ns5:PlantMachinery2024-09-3003534592ns5:MotorVehicles2024-09-3003534592ns5:ComputerEquipment2024-09-3003534592ns5:PlantMachinery2023-09-3003534592ns5:MotorVehicles2023-09-3003534592ns5:ComputerEquipment2023-09-3003534592ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3003534592ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30035345921ns10:Director12023-09-30035345921ns10:Director12022-10-31035345921ns10:Director12023-10-012024-09-30035345921ns10:Director12022-11-012023-09-30035345921ns10:Director12024-09-30035345921ns10:Director12023-09-30
REGISTERED NUMBER: 03534592 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

TEAM ZX1 LIMITED

TEAM ZX1 LIMITED (REGISTERED NUMBER: 03534592)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TEAM ZX1 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: S G Munt
S D Munt





SECRETARY: S D Munt





REGISTERED OFFICE: 3 Blacklands Crescent
Forest Row
East Sussex
RH18 5NN





REGISTERED NUMBER: 03534592 (England and Wales)





ACCOUNTANTS: Charles Lamb
Chartered Accountants
3 Blacklands Crescent
Forest Row
East Sussex
RH18 5NN

TEAM ZX1 LIMITED (REGISTERED NUMBER: 03534592)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 929 492

CURRENT ASSETS
Stocks 13,977 12,426
Debtors 5 194,809 177,957
Cash at bank and in hand 6,480 3,584
215,266 193,967
CREDITORS
Amounts falling due within one year 6 204,298 187,679
NET CURRENT ASSETS 10,968 6,288
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,897

6,780

PROVISIONS FOR LIABILITIES 177 94
NET ASSETS 11,720 6,686

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings 11,712 6,678
SHAREHOLDERS' FUNDS 11,720 6,686

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 ZX1 LIMITED (REGISTERED NUMBER: 03534592)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 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 3 June 2025 and were signed on its behalf by:





S G Munt - Director


TEAM ZX1 LIMITED (REGISTERED NUMBER: 03534592)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Team ZX1 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.
Plant and machinery - 20% on cost
Motor vehicles - 20% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2023 - 2 ) .

TEAM ZX1 LIMITED (REGISTERED NUMBER: 03534592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 13,987 17,290 1,964 33,241
Additions - - 916 916
Disposals - - (544 ) (544 )
At 30 September 2024 13,987 17,290 2,336 33,613
DEPRECIATION
At 1 October 2023 13,510 17,290 1,949 32,749
Charge for year 159 - 320 479
Eliminated on disposal - - (544 ) (544 )
At 30 September 2024 13,669 17,290 1,725 32,684
NET BOOK VALUE
At 30 September 2024 318 - 611 929
At 30 September 2023 477 - 15 492

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,420 14,410
Other debtors 180,389 163,547
194,809 177,957

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 19,586 10,205
Taxation and social security 3,944 3,551
Other creditors 180,768 173,923
204,298 187,679

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 September 2024 and the period ended 30 September 2023:

2024 2023
£    £   
S G Munt and S D Munt
Balance outstanding at start of year (39,527 ) (70,003 )
Amounts advanced 38,614 42,009
Amounts repaid (12,882 ) (11,533 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (13,795 ) (39,527 )

TEAM ZX1 LIMITED (REGISTERED NUMBER: 03534592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £82,618 due to a company called Team ZX1 Services Limited, which is owned by the directors and their family. The loan is unsecured, repayable on demand and interest free. In the period ended 30 September 2024, Team ZX1 Services Limited charged the company £12,000 for rent and £15,000 for management services, on normal commercial terms. At 30 September 2024, £12,000 remained outstanding and is included in trade creditors.