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REGISTERED NUMBER: 14419742 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

TEAM LB CONSULTING LIMITED

TEAM LB CONSULTING LIMITED (REGISTERED NUMBER: 14419742)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TEAM LB CONSULTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: L M Baker
Ms L A Bourne





REGISTERED OFFICE: Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA





REGISTERED NUMBER: 14419742 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

TEAM LB CONSULTING LIMITED (REGISTERED NUMBER: 14419742)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,196 2,484

CURRENT ASSETS
Debtors 5 57,369 21,375
Cash at bank 70,372 42,374
127,741 63,749
CREDITORS
Amounts falling due within one year 6 85,502 23,963
NET CURRENT ASSETS 42,239 39,786
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,435

42,270

PROVISIONS FOR LIABILITIES 799 621
NET ASSETS 44,636 41,649

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 44,536 41,549
44,636 41,649

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 LB CONSULTING LIMITED (REGISTERED NUMBER: 14419742)

BALANCE SHEET - continued
31 OCTOBER 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 16 June 2025 and were signed on its behalf by:




L M Baker - Director



Ms L A Bourne - Director


TEAM LB CONSULTING LIMITED (REGISTERED NUMBER: 14419742)

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

1. STATUTORY INFORMATION

Team LB Consulting 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 25% on reducing balance
Computer equipment - 25% 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

TEAM LB CONSULTING LIMITED (REGISTERED NUMBER: 14419742)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

Going concern
There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.

Comparative figures
There are no comparative figures for the previous year as this is the company's first year of trading since incorporation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 November 2023 2,974 339 3,313
Additions - 1,465 1,465
At 31 October 2024 2,974 1,804 4,778
DEPRECIATION
At 1 November 2023 744 85 829
Charge for year 557 196 753
At 31 October 2024 1,301 281 1,582
NET BOOK VALUE
At 31 October 2024 1,673 1,523 3,196
At 31 October 2023 2,230 254 2,484

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 51,788 21,375
Prepayments 5,581 -
57,369 21,375

TEAM LB CONSULTING LIMITED (REGISTERED NUMBER: 14419742)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,999 6,005
Corporation Tax 19,768 12,977
Social security and other taxes 292 -
VAT 6,340 2,455
Directors' loan accounts 15,249 1,276
Accruals and deferred income 27,854 1,250
85,502 23,963

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 October 2024 and the period ended 31 October 2023:

2024 2023
£    £   
L M Baker
Balance outstanding at start of year (543 ) -
Amounts advanced 5,384 829
Amounts repaid (15,535 ) (1,372 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10,694 ) (543 )

Ms L A Bourne
Balance outstanding at start of year (733 ) -
Amounts advanced 6,921 1,639
Amounts repaid (10,743 ) (2,372 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,555 ) (733 )

No interest is being charged on the loan account and there are no set repayment terms.