Company Registration No. 11024267 (England and Wales)
Family Team Ltd
Unaudited accounts
for the year ended 31 October 2025
Family Team Ltd
Unaudited accounts
Contents
Family Team Ltd
Statement of financial position
as at 31 October 2025
Tangible assets
18,969
5,534
Cash at bank and in hand
4,932
2,769
Creditors: amounts falling due within one year
(25,509)
(4,425)
Net current liabilities
(18,714)
(795)
Total assets less current liabilities
255
4,739
Creditors: amounts falling due after more than one year
-
(5,665)
Net assets/(liabilities)
255
(926)
Called up share capital
4
4
Profit and loss account
251
(930)
Shareholders' funds
255
(926)
For the year ending 31 October 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by
Adam Dziobinski
Director
Company Registration No. 11024267
Family Team Ltd
Notes to the Accounts
for the year ended 31 October 2025
Family Team Ltd is a private company, limited by shares, registered in England and Wales, registration number 11024267. The registered office is 3 Kipling Close, Lincoln, LN2 4EW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% straight line
Computer equipment
33% straight line
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2024
15,300
764
16,064
Additions
21,200
468
21,668
Disposals
(13,200)
-
(13,200)
At 31 October 2025
23,300
1,232
24,532
At 1 November 2024
10,020
510
10,530
Charge for the year
2,543
410
2,953
On disposals
(7,920)
-
(7,920)
At 31 October 2025
4,643
920
5,563
At 31 October 2025
18,657
312
18,969
At 31 October 2024
5,280
254
5,534
Family Team Ltd
Notes to the Accounts
for the year ended 31 October 2025
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Loans from directors
25,479
4,329
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 4 (2024: 4).