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Registered number: 06142946
Team Activity Group Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Team Activity Group Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Team Activity Group Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 06142946

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 16,067 |  | 14,404
|  |  | 16,067 |  | 14,404
CURRENT ASSETS
Debtors | 6 | 35,797 |  | 23,708 |
Cash at bank and in hand |  | 106,524 |  | 155,931 |
|  | 142,321 |  | 179,639 |
Creditors: Amounts Falling Due Within One Year | 7 | (74,654 ) |  | (89,157 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 67,667 |  | 90,482
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 83,734 |  | 104,886
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (15,000 ) |  | (25,304 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (3,312 ) |  | (3,016 )
NET ASSETS |  |  | 65,422 |  | 76,566
CAPITAL AND RESERVES
Called up share capital | 9 |  | 200 |  | 200
Profit and Loss Account |  |  | 65,222 |  | 76,366
SHAREHOLDERS' FUNDS |  |  | 65,422 |  | 76,566

Page 1
Page 2
Team Activity Group Limited
Balance Sheet (continued)
As At 31 December 2024
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

S Doyle Director
09/06/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Team Activity Group Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Team Activity Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06142946 . The registered office is Greatfield, New Road, Shiplake, Henley On Thames, Oxon, RG9 3LA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 20% straight line
Motor Vehicles | 25% reducing balance
Computer Equipment | 25% reducing balance

2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
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Team Activity Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. 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.
2.8. Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
2.9. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 4)
6 4
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 January 2024 | 30,000
As at 31 December 2024 | 30,000
Amortisation
As at 1 January 2024 | 30,000
As at 31 December 2024 | 30,000
Net Book Value
As at 31 December 2024 | -
As at 1 January 2024 | -

5. Tangible Assets

| Plant & Machinery | Motor Vehicles | Computer Equipment | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 January 2024 | 39,800 | 25,836 | 38,829 | 104,465
Additions | - | 8,500 | 987 | 9,487
Disposals | (9,153 ) | - | (28,752 ) | (37,905 )
As at 31 December 2024 | 30,647 | 34,336 | 11,064 | 76,047
Depreciation
As at 1 January 2024 | 37,002 | 19,706 | 33,353 | 90,061
Provided during the period | 303 | 3,657 | 1,616 | 5,576
Disposals | (8,758 ) | - | (26,899 ) | (35,657 )
As at 31 December 2024 | 28,547 | 23,363 | 8,070 | 59,980

...CONTINUED
Page 4
Page 5
Team Activity Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024 | 2,100 | 10,973 | 2,994 | 16,067
As at 1 January 2024 | 2,798 | 6,130 | 5,476 | 14,404

6. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 27,499 |  | 15,986
Prepayments and accrued income | 8,113 |  | 7,495
Other taxes and social security | 185 |  | -
Net wages | - |  | 227
| 35,797 |  | 23,708

7. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 1,710 |  | 7,525
Bank loans and overdrafts | - |  | 1,401
Other creditors | 46,880 |  | 54,662
Taxation and social security | 26,064 |  | 25,569
| 74,654 |  | 89,157

8. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 15,000 |  | 25,304

9. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
200 Ordinary Shares of £ 1.00 each | 200 |  | 200

10. Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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