REGISTERED NUMBER: 16052549 (England and Wales)

Unaudited Financial Statements

for the Period 31 October 2024 to 31 October 2025

for

TEAM FOLON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Carter

E Kemp

D Neil

C J Quick

REGISTERED OFFICE:

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

REGISTERED NUMBER:

16052549 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Intangible assets

4

839

Tangible assets

5

918

1,757

CURRENT ASSETS

Stocks

6

12,664

Debtors

7

18,185

Cash at bank

16,324

47,173

CREDITORS

Amounts falling due within one year

8

(39,780

)

NET CURRENT ASSETS

7,393

TOTAL ASSETS LESS CURRENT LIABILITIES

9,150

PROVISIONS FOR LIABILITIES

(230

)

NET ASSETS

8,920

CAPITAL AND RESERVES

Called up share capital

9

6

Retained earnings

8,914

8,920

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2026 and were signed on its behalf by:

D Carter - Director

1.	STATUTORY INFORMATION

Team Folon Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the fair value of consideration received or receivable net of VAT and trade discounts. Revenue from contracts is recognised as milestones are achieved and the stage of development completed.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at cost, or deemed cost, less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

Straight line over 4 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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

Impairment policy

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 .

4.	INTANGIBLE FIXED ASSETS

Patents and

licences

£

COST

Additions

891

At 31 October 2025

891

AMORTISATION

Amortisation for period

52

At 31 October 2025

52

NET BOOK VALUE

At 31 October 2025

839

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

1,159

At 31 October 2025

1,159

DEPRECIATION

Charge for period

241

At 31 October 2025

241

NET BOOK VALUE

At 31 October 2025

918

6.

STOCKS

£

Stock

12,664

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Tax

8,483

VAT

9,702

18,185

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

PAYE/NIC

92

Directors' current accounts

39,388

Accrued expenses

300

39,780

9.	CALLED UP SHARE CAPITAL

Number:

Class:

Nominal

2025

value:

£

1

A Ordinary

£1

1

1

B Ordinary

£1

1

1

C Ordinary

£1

1

1

D Ordinary

£1

1

1

E Ordinary

£1

1

1

F Ordinary

£1

1

6

On incorporation, the company issued 6 Ordinary shares of £1 each. On 18 December 2024, those shares were redesignated into six separate classes comprising one £1 A Ordinary share, one £1 B Ordinary share, one £1 C Ordinary share, one £1 D Ordinary share, one £1 E Ordinary share and one £1 F Ordinary share. The redesignation did not alter the total number of issued shares or the aggregate nominal value of the company's issued share capital