Teampact International Limited

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

Registered number: 13881068

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		4		-

			4		-
CURRENT ASSETS
Debtors	5	88,695		117,769
Cash at bank and in hand		30,249		82,470

		118,944		200,239
Creditors: Amounts Falling Due Within One Year	6	(3,388 )		(55,452 )

NET CURRENT ASSETS (LIABILITIES)			115,556		144,787

TOTAL ASSETS LESS CURRENT LIABILITIES			115,560		144,787

NET ASSETS			115,560		144,787

CAPITAL AND RESERVES
Called up share capital	7		11		11
Share premium account			144,751		144,751
Profit and Loss Account			(29,202 )		25

SHAREHOLDERS' FUNDS			115,560		144,787

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Teampact International Limited

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 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

Mr Timothy Conibear

Director

02/07/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Teampact International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13881068 . The registered office is Office 2.05 Clockwise, Old Town Hall, 30 Tweedy Road, Bromley, BR1 3FE.

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. Going Concern Disclosure

Due to ongoing financial support from investors and external finance, the Directors are of the opinion that the company is a going concern.

2.3. Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:

- The amount of revenue can be reliably measured;

- it is probable that future economic benefits will flow to the entity;

- and specific criteria have been met for each of the company's activities.

2.4. Taxation

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

2.5. Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value

2.6. Investment in subsidiary

Investments comprise of a 100% holding in a subsidiary company, Teampact (Pty) Ltd, based in South Africa, with registered office address: 37 Church Road, Muizenberg, Cape Town, 7950. Investments in subsidiaries are measured at cost less accumulated impairment.

2.7. Trade and other debtors and creditors

Trade and other debtors

Trade and other debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment, except where the effect of discounting would be immaterial.

In such cases debtors are stated at transaction price less impairment losses. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the transaction.

Trade creditors

Trade and other creditors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, except where the effect of discounting would be immaterial. In such cases creditors are stated at transaction price.

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Teampact International Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.8. Registrar Filing Requirements

Exemption from preparing consolidated accounts

The company has availed of the exemption under s399 of the Companies Act 2006 which exempts a parent company from preparing consolidated accounts if the company falls within the small companies regime.

Exemption from audit

The company is applying the exemption from audit available under s479 of the Companies Act 2006 given that both it, and the group headed by it, qualify as small entities under the small companies regime.

Exemption from preparing a cash flow statement

In accordance with the requirements of FRS 102, the company is applying the exemption available to small companies to avail of the reduced disclosure framework and has elected not to prepare a cash flow statement.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: NIL)

4. Investments

	Subsidiaries
	£
Cost
As at 1 February 2024	-
Additions	4

As at 31 January 2025	4

Provision
As at 1 February 2024	-

As at 31 January 2025	-

Net Book Value
As at 31 January 2025	4

As at 1 February 2024	-

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	315	-
Other debtors	88,380	117,769

	88,695	117,769

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	(1 )	-
Corporation tax	6	6
Accruals and deferred income	3,313	55,376
Directors' loan accounts	70	70

	3,388	55,452

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Teampact International Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	11	11

8. Related Party Transactions

Timothy Conibear is a related party of the company by virtue of being a Director. The Director advanced the following loan to the company during the year:

Timothy Conibear - £70 (2024: £70)

Loans from Directors are unsecured, interest-free and carry no fixed terms of repayment.

Note 5, Debtors, includes an amount of £88,380 (2024: £117,769) which is receivable from a subsidiary company, Teampact (Pty) Ltd. The loan is unsecured, interest-free and has no fixed terms of repayment.

9. Ultimate Controlling Party

Teampact International Limited is the ultimate parent and has the following subsidiary which is based in South Africa:

- Teampact (Pty) Ltd

Under the Small Company Regime, the entities do not meet the requirements for a consolidated set of accounts.

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