Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-01 false 0 2 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12674173 2024-04-01 2025-03-31 12674173 2023-04-01 2024-03-31 12674173 2025-03-31 12674173 2024-03-31 12674173 c:Director1 2024-04-01 2025-03-31 12674173 d:MotorVehicles 2024-04-01 2025-03-31 12674173 d:MotorVehicles 2025-03-31 12674173 d:MotorVehicles 2024-03-31 12674173 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 12674173 d:OfficeEquipment 2024-04-01 2025-03-31 12674173 d:OfficeEquipment 2025-03-31 12674173 d:OfficeEquipment 2024-03-31 12674173 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 12674173 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 12674173 d:CurrentFinancialInstruments 2025-03-31 12674173 d:CurrentFinancialInstruments 2024-03-31 12674173 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 12674173 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12674173 d:ShareCapital 2025-03-31 12674173 d:ShareCapital 2024-03-31 12674173 d:RetainedEarningsAccumulatedLosses 2025-03-31 12674173 d:RetainedEarningsAccumulatedLosses 2024-03-31 12674173 c:FRS102 2024-04-01 2025-03-31 12674173 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 12674173 c:FullAccounts 2024-04-01 2025-03-31 12674173 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12674173 2 2024-04-01 2025-03-31 12674173 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 12674173
| Team Excelerator Limited Financial statements Information for filing with the registrar 31 March 2025 |
Team Excelerator Limited
Balance sheet At 31 March 2025
|  | 2025 |  | 2024
Note |  |  |  |
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 46,788 |  | 60,183
|  |  | 46,788 |  | 60,183
Current assets |  |  |  |  |
Debtors | 5 | 49,175 |  | 28,449 |
Cash at bank and in hand |  | 199,193 |  | 146,346 |
|  | 248,368 |  | 174,795 |
Creditors: amounts falling due within one year | 6 | (35,357) |  | (66,728) |
Net current assets |  |  | 213,011 |  | 108,067
Total assets less current liabilities |  |  | 259,799 |  | 168,250
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (262) |  | (1,102) |
|  |  | (262) |  | (1,102)
Net assets |  |  | 259,537 |  | 167,148
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | 259,437 |  | 167,048
Shareholders' funds |  |  | 259,537 |  | 167,148
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Team Excelerator Limited
Balance sheet (continued) At 31 March 2025 The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 December 2025.
J W Griffiths
Director
Company registered number: 12674173 The notes on pages 3 to 6 form part of these financial statements. 2
Team Excelerator Limited
Notes to the financial statements Year ended 31 March 2025
1. | General information
Team Excelerator Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom. The address of the registered office is 2nd Floor, Citygate, St James' Boulevard, Newcastle upon Tyne, NE1 4JE. 2.Accounting policies
| 2.1 | Statement of compliance
The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.
| 2.2 | Foreign currency translation
Functional and presentation currency The company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method. 3
Team Excelerator Limited
Notes to the financial statements Year ended 31 March 2025 2.Accounting policies (continued)
| 2.5 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Motor vehicles | - | 25% | reducing balance
|  |  |  | Office equipment | - | 25% | reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.6 | Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilites like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024: 2).
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Team Excelerator Limited
Notes to the financial statements Year ended 31 March 2025
4. | Tangible fixed assets
|  | Motor vehicles | Office equipment | Total
| Cost |  |  |
| At 1 April 2024 | 68,000 | 1,915 | 69,915
| Additions | - | 1,832 | 1,832
| At 31 March 2025 | 68,000 | 3,747 | 71,747
| Depreciation |  |  |
| At 1 April 2024 | 8,500 | 1,232 | 9,732
| Charge for the year | 14,875 | 352 | 15,227
| At 31 March 2025 | 23,375 | 1,584 | 24,959
| Net book value |  |  |
| At 31 March 2025 | 44,625 | 2,163 | 46,788
| At 31 March 2024 | 59,500 | 683 | 60,183
5. | Debtors
|  |  |  |  | 2025 | 2024
| Trade debtors | 21,950 | 24,165
| Other debtors | 20,391 | -
| Prepayments and accrued income | 6,834 | 4,284
|  | 49,175 | 28,449
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Team Excelerator Limited
Notes to the financial statements Year ended 31 March 2025
6. | Creditors: amounts falling due within one year
|  |  |  |  | 2025 | 2024
| Trade creditors | 205 | 96
| Corporation tax | 29,268 | 29,585
| Other taxation and social security | 3,134 | 10,914
| Other creditors | - | 23,783
| Accruals and deferred income | 2,750 | 2,350
|  | 35,357 | 66,728
7. | Related party transactions
During the year the directors operated a loan account with the company to record amounts due to and drawn by them. The balance owing to the company by the directors at the year end was £20,358 (2024 : £22,426 owed to the directors). The loan is unsecured, has no fixed terms of repayment and incurs no interest.
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