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Registered number: 14239755
Team Projects Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Harrisons Accountancy Ltd
Harrison House Sheep Walk
Langford Road
Biggleswade
Bedfordshire
SG18 9RB
Team Projects Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—4

Page 1
Team Projects Ltd
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 14239755

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 15,465 |  | 17,810
|  |  | 15,465 |  | 17,810
CURRENT ASSETS
Debtors | 5 | 1,286,771 |  | 1,078,192 |
Cash at bank and in hand |  | 2,124,085 |  | 1,875,408 |
|  | 3,410,856 |  | 2,953,600 |
Creditors: Amounts Falling Due Within One Year | 6 | (2,182,024 ) |  | (2,173,736 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,228,832 |  | 779,864
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,244,297 |  | 797,674
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (3,484 ) |  | (4,051 )
NET ASSETS |  |  | 1,240,813 |  | 793,623
CAPITAL AND RESERVES
Called up share capital | 7 |  | 50 |  | 50
Capital redemption reserve |  |  | 50 |  | 50
Profit and Loss Account |  |  | 1,240,713 |  | 793,523
SHAREHOLDERS' FUNDS |  |  | 1,240,813 |  | 793,623

Page 1
Page 2
Team Projects Ltd
Balance Sheet (continued)
As At 31 December 2025
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Keith Ashcroft Director
07/04/2026

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Team Projects Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Team Projects Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14239755 . The registered office is 4th Floor, 67 Clerkenwell Road, London, EC1R 5BL.
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 ascertained in a manner appropriate to the stage of completion of contracts, and credit taken for the profit earned to date when the outcome of the contract can be assessed with resonable certainty.
2.3. 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:

Leasehold | Over the term of the lease
Fixtures & Fittings | 25% Reducing balance
Computer Equipment | 25% Reducing balance

2.4. 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.
2.5. Long term contracts
Long term contracts are assessed on a contract by contract basis and reflected in the profit and loss account by recording turnover and realted costs as contract acivity progresses. Turnover is ascertained in a manner appropriate to the stage of completion of the contract and measured by reference to the value of the work done in comparison to the total contract value. Credit is taken for the profit earned to date when the outcome of contract can be assessed with reasonable certainty. The amount by which turnover exceeds payments on account is classified as "amounts recoveravble on contracts" and is included in debtors. To the extent that payments on account exceed relevant turnover and long term contract balances, the excess is included as a creditor. Where it is possible contract costs will exeed total contract revenue, the expected loss is recognised as an expense as soon as it is forseen.
Page 3
Page 4
Team Projects Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2024: 12)
19 12
4. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Fixtures & Fittings | Computer Equipment | Total
| £ | £ | £ | £
Cost
As at 1 January 2025 | 2,750 | 5,090 | 16,478 | 24,318
Additions | - | - | 3,525 | 3,525
As at 31 December 2025 | 2,750 | 5,090 | 20,003 | 27,843
Depreciation
As at 1 January 2025 | 1,146 | 1,659 | 3,703 | 6,508
Provided during the period | 1,375 | 858 | 3,637 | 5,870
As at 31 December 2025 | 2,521 | 2,517 | 7,340 | 12,378
Net Book Value
As at 31 December 2025 | 229 | 2,573 | 12,663 | 15,465
As at 1 January 2025 | 1,604 | 3,431 | 12,775 | 17,810

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 613,387 |  | 541,843
Amounts recoverable on contracts | 397,404 |  | 467,907
Other debtors | 275,980 |  | 68,442
| 1,286,771 |  | 1,078,192

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 1,183,026 |  | 1,285,050
Other creditors | 505,455 |  | 185,720
Taxation and social security | 493,543 |  | 702,966
| 2,182,024 |  | 2,173,736

7. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 50 |  | 50

Page 4