Company registration number: 14626486
Unaudited financial statements
for the year ended 31 December 2024
for
Team Tyrian Ltd
Pages for filing with the Registrar
Company registration number: 14626486
Team Tyrian Ltd
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 65,804 68,614
65,804 68,614
Current assets
Debtors 543,038 179,324
Cash at bank and in hand 163,134 116,425
706,172 295,749
Creditors: amounts falling due within one
year 		(711,722) (307,556)
Net current liabilities (5,550) (11,807)
Total assets less current liabilities 60,254 56,807
Provisions for liabilities (15,175) (15,175)
NET ASSETS 45,079 41,632
Capital and reserves
Called up share capital 10 10
Profit and loss account 45,069 41,622
TOTAL EQUITY 45,079 41,632
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 14626486
Team Tyrian Ltd
Balance sheet - continued
as at 31 December 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr D Roberton, Director
29 August 2025
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Team Tyrian Ltd
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
Team Tyrian Ltd is a private company registered in England and Wales. Its registered number is 14626486. The company is limited by shares. Its registered office is 128 City Road, London, United Kingdom, EC1V 2NX.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 10% straight line
Motor vehicles - 15% straight line
Computer equipment - 33.33% straight line
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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.
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Team Tyrian Ltd
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Deferred taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 2 (2023 - 2).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 January 2024 80,602
Additions 11,576
At 31 December 2024 92,178
Depreciation
At 1 January 2024 11,988
Charge for year 14,386
At 31 December 2024 26,374
Net book value
At 31 December 2024 65,804
At 31 December 2023 68,614
5 Related party transactions
Direct costs of sale of £519,839 were purchased from a company under common control
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