2023-07-012024-06-302024-06-30false13452178TEAM GREENS SOUTH 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TEAM GREENS SOUTH LTD

Registered Number
13452178
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

TEAM GREENS SOUTH LTD
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

WEIR, Joshua James

Registered Address

C/O Xeinadin First Floor Secure House
Lulworth Close
Chandler's Ford
SO53 3TL

Registered Number

13452178 (England and Wales)
TEAM GREENS SOUTH LTD
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets311,89613,767
11,89613,767
Current assets
Debtors410,7255,942
Cash at bank and on hand621,026
10,7876,968
Creditors amounts falling due within one year5(11,735)(10,004)
Net current assets (liabilities)(948)(3,036)
Total assets less current liabilities10,94810,731
Creditors amounts falling due after one year6(9,733)(9,383)
Net assets1,2151,348
Capital and reserves
Called up share capital1,0001,000
Profit and loss account215348
Shareholders' funds1,2151,348
The financial statements were approved and authorised for issue by the Director on 11 March 2025, and are signed on its behalf by:
WEIR, Joshua James
Director
Registered Company No. 13452178
TEAM GREENS SOUTH LTD
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery25
Vehicles20
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 July 231,89619,00023421,130
Additions649-5381,187
At 30 June 242,54519,00077222,317
Depreciation and impairment
At 01 July 235036,840207,363
Charge for year5282,432983,058
At 30 June 241,0319,27211810,421
Net book value
At 30 June 241,5149,72865411,896
At 30 June 231,39312,16021413,767
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables1,5561,438
Amounts owed by associates and joint ventures / participating interests9,1694,504
Total10,7255,942
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,9841,084
Bank borrowings and overdrafts4,1404,149
Taxation and social security4,6913,908
Accrued liabilities and deferred income920863
Total11,73510,004
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts9,7339,383
Total9,7339,383
Long term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
WEIR, Joshua James4,50317,39512,7309,168
4,50317,39512,7309,168