REGISTERED NUMBER: 04049178 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Team Telemarketing Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mrs L Marklew

Mrs J Husbands

SECRETARY:

Mrs L Marklew

REGISTERED OFFICE:

1B Stratford Court Cranmore Boulevard

Shirley

Solihull

West Midlands

B90 4QT

REGISTERED NUMBER:

04049178 (England and Wales)

ACCOUNTANTS:

AKB Group Limited

91 Soho Hill

Hockley

Birmingham

West Midlands

B19 1AY

BANKERS:

HSBC Bank plc

PO Box 68

130 New Street

Birmingham.

West Midlands

B2 4JU

FIXED ASSETS

Tangible assets

4

78,019

73,103

CURRENT ASSETS

Debtors

5

144,505

129,005

Cash at bank and in hand

84,975

24,221

229,480

153,226

CREDITORS

Amounts falling due within one year

6

284,717

187,077

NET CURRENT LIABILITIES

(55,237

)

(33,851

)

TOTAL ASSETS LESS CURRENT LIABILITIES

22,782

39,252

CREDITORS

Amounts falling due after more than one year

7

11,264

30,575

NET ASSETS

11,518

8,677

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

11,418

8,577

SHAREHOLDERS' FUNDS

11,518

8,677

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 22 September 2025 and were signed on its behalf by:

Mrs L Marklew - Director

1.	STATUTORY INFORMATION

Team Telemarketing 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.

Short leasehold

-

10% on cost

Plant and machinery

-

15% 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2023 - 39 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

leasehold

machinery

Totals

£

£

£

COST

At 1 January 2024

44,441

156,625

201,066

Additions

8,333

7,853

16,186

At 31 December 2024

52,774

164,478

217,252

DEPRECIATION

At 1 January 2024

15,193

112,770

127,963

Charge for year

4,514

6,756

11,270

At 31 December 2024

19,707

119,526

139,233

NET BOOK VALUE

At 31 December 2024

33,067

44,952

78,019

At 31 December 2023

29,248

43,855

73,103

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

135,006

115,118

Other debtors

9,499

13,887

144,505

129,005

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

19,310

19,310

Trade creditors

114,629

101,416

Taxation and social security

56,546

44,800

Other creditors

94,232

21,551

284,717

187,077

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

11,264

30,575

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

30,574

49,885

HSBC Invoice Finance (UK) Ltd

81,179

5,162

111,753

55,047

Creditor for HSBC Invoice Finance (UK) Ltd is secured on trade debtors.

HSBC UK Bank plc has a fixed and floating charge over all assets.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

Mrs J Husbands and Mrs L Marklew

Balance outstanding at start of year

-

18,833

Amounts repaid

-

(18,833

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The loan advanced is repayable within 1 year and no interest is chargeable.