Team AM Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 03046147

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		386,961		391,133

			386,961		391,133
CURRENT ASSETS
Stocks	5	-		57,400
Debtors	6	437,956		589,931
Cash at bank and in hand		209,697		198,308

		647,653		845,639
Creditors: Amounts Falling Due Within One Year	7	(441,875 )		(461,111 )

NET CURRENT ASSETS (LIABILITIES)			205,778		384,528

TOTAL ASSETS LESS CURRENT LIABILITIES			592,739		775,661

Creditors: Amounts Falling Due After More Than One Year	8		(5,000 )		(45,965 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(28,600 )

NET ASSETS			587,739		701,096

CAPITAL AND RESERVES
Called up share capital	10		1		1
Revaluation reserve	11		114,398		114,398
Profit and Loss Account			473,340		586,697

SHAREHOLDERS' FUNDS			587,739		701,096

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Team AM Limited

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 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 A P Thomas

Director

28/01/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Team AM Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03046147 . The registered office is Unit 17 Sarum Complex, Salisbury Road, Uxbridge Industrial Estate, Uxbridge Middlesex, UB8 2RZ.

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 measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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	straight line over the course of the lease
Plant & Machinery	reducing balance 25%
Motor Vehicles	reducing balance 25%
Fixtures & Fittings	reducing balance 25%
Computer Equipment	reducing balance 25%

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2024: 14)

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Team AM Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 May 2024	270,000	31,150	471,335	48,764
Additions	-	-	76,780	-
Disposals	-	-	(297,420 )	-

As at 30 April 2025	270,000	31,150	250,695	48,764

Depreciation
As at 1 May 2024	27,000	28,886	343,337	46,987
Provided during the period	3,000	566	43,652	444
Disposals	-	-	(267,249 )	-

As at 30 April 2025	30,000	29,452	119,740	47,431

Net Book Value
As at 30 April 2025	240,000	1,698	130,955	1,333

As at 1 May 2024	243,000	2,264	127,998	1,777


	Computer Equipment	Total
	£	£
Cost
As at 1 May 2024	32,860	854,109
Additions	1,279	78,059
Disposals	-	(297,420 )

As at 30 April 2025	34,139	634,748

Depreciation
As at 1 May 2024	16,766	462,976
Provided during the period	4,398	52,060
Disposals	-	(267,249 )

As at 30 April 2025	21,164	247,787

Net Book Value
As at 30 April 2025	12,975	386,961

As at 1 May 2024	16,094	391,133

5. Stocks

	2025	2024
	£	£
Finished goods	-	57,400

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Team AM Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	308,416	468,958
Other debtors	129,540	120,973

	437,956	589,931

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	39,557	46,818
Trade creditors	343,924	343,326
Bank loans and overdrafts	10,000	10,000
Other creditors	30,001	57,075
Taxation and social security	18,393	3,892

	441,875	461,111

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	30,236
Bank loans	5,000	15,729

	5,000	45,965

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	39,557	46,818
Later than one year and not later than five years	-	30,236

	39,557	77,054

	39,557	77,054

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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Team AM Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

11. Reserves

	Revaluation Reserve
	£
As at 1 May 2024	114,398

As at 30 April 2025	114,398

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