Registration number: 09902960

Team Eleven Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Team Eleven Limited

Company Information

Directors

Mr Nikki Margolis Miss Sophie Isabel Gibson Mr Nicholas Robert Gill

Registered office

The Bank Of Brilliant Ideas 30 Church Street Bradford-On-Avon BA15 1LN

Accountants

BJP Finance Ltd Chartered Accountants 34 Market Street Bradford-On-Avon Wiltshire BA15 1LL

Team Eleven Limited

(Registration number: 09902960)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	60,218	92,550
Other financial assets	5	37,056	-
		97,274	92,550
Current assets
Debtors	6	648,738	998,847
Cash at bank and in hand		1,457,951	1,412,963
		2,106,689	2,411,810
Creditors: Amounts falling due within one year	7	(1,377,420)	(2,101,533)
Net current assets		729,269	310,277
Net assets		826,543	402,827
Capital and reserves
Called up share capital	8	3	3
Share premium reserve		24,811	-
Retained earnings		801,729	402,824
Shareholders' funds		826,543	402,827

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 April 2026 and signed on its behalf by:
 

......................................... Mr Nikki Margolis Director

Team Eleven Limited

(Registration number: 09902960)
Balance Sheet as at 31 December 2025

......................................... Miss Sophie Isabel Gibson Director

......................................... Mr Nicholas Robert Gill Director

Team Eleven Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Bank Of Brilliant Ideas
30 Church Street
Bradford-On-Avon
BA15 1LN
England

These financial statements were authorised for issue by the Board on 14 April 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Team Eleven Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Tax

The tax expense for the period comprises current and deferred tax. 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 income 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures & Fittings	20% Straight Line
Office Equipment	33% Straight Line
Leasehold Improvements	20% Straight Line

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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 receivables.

Team Eleven Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 35 (2024 - 37).

Team Eleven Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2025	417,383	512,527	929,910
Additions	-	6,582	6,582
At 31 December 2025	417,383	519,109	936,492
Depreciation
At 1 January 2025	391,590	445,770	837,360
Charge for the year	7,731	31,183	38,914
At 31 December 2025	399,321	476,953	876,274
Carrying amount
At 31 December 2025	18,062	42,156	60,218
At 31 December 2024	25,793	66,757	92,550

Included within the net book value of land and buildings above is £18,062 (2024 - £25,793) in respect of short leasehold land and buildings.
 

Team Eleven Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

5	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
Additions	37,056	37,056
At 31 December 2025	37,056	37,056
Impairment
Carrying amount
At 31 December 2025	37,056	37,056

6

Debtors

Current	2025 £	2024 £
Trade debtors	418,354	920,435
Prepayments	34,903	51,038
Other debtors	195,481	27,374
	648,738	998,847

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	111	111
Trade creditors		51,604	40,827
Taxation and social security		198,025	202,934
Accruals and deferred income		1,123,906	1,842,804
Other creditors		3,774	14,857
		1,377,420	2,101,533

Team Eleven Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary 'A' Shares of £0.01 each	100	1	100	1
Ordinary 'B' Shares of £0.01 each	100	1	100	1
Ordinary 'C' Shares of £0.01 each	100	1	100	1
	300	3	300	3

Allotted, called up and not fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary 'D' Shares of £0.01 (2024 - £0) each	4	0.04	-	-

Team Eleven Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

9	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Other borrowings	111	111

10

Dividends

		2025		2024
		£		£
Interim dividend of £833.33 (2024 - £1,716.67) per ordinary share		250,000		515,000

11	Related party transactions

Transactions with directors

2025	At 1 January 2025 £	Advances to director £	At 31 December 2025 £
Mr Nicholas Robert Gill
Director's Loan Account	-	101,788	101,788

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	376,600	376,500
Contributions paid to money purchase schemes	-	70,000
	376,600	446,500