REGISTERED NUMBER: 04197527 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

TEAM LOCUM LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr L J Byrne

Mr M A Smith

Mr T A Yearsley

Mrs L Yearsley

SECRETARY:

Mr T A Yearsley

REGISTERED OFFICE:

3 Regal Court

8 Sovereign Road

Birmingham

West Midlands

B30 3FJ

REGISTERED NUMBER:

04197527 (England and Wales)

INCORPORATED:

10th April 2001

FIXED ASSETS

Tangible assets

4

34,021

52,566

CURRENT ASSETS

Debtors

239,139

212,413

Cash at bank and in hand

136,971

337,839

376,110

550,252

CREDITORS

Amounts falling due within one year

49,579

125,808

NET CURRENT ASSETS

326,531

424,444

TOTAL ASSETS LESS CURRENT LIABILITIES

360,552

477,010

PROVISIONS FOR LIABILITIES

5

7,725

-

NET ASSETS

352,827

477,010

CAPITAL AND RESERVES

Called up share capital

6

500

500

Retained earnings

352,327

476,510

SHAREHOLDERS' FUNDS

352,827

477,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 July 2026 and were signed on its behalf by:

Mr L J Byrne - Director

Mr T A Yearsley - Director

1.	STATUTORY INFORMATION

Team Locum 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on cost

Taxation

Taxation for the year 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 year 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 160 (2025 - 162 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2025

369,842

Additions

1,088

At 28 February 2026

370,930

DEPRECIATION

At 1 March 2025

317,276

Charge for year

19,633

At 28 February 2026

336,909

NET BOOK VALUE

At 28 February 2026

34,021

At 28 February 2025

52,566

5.	PROVISIONS FOR LIABILITIES

28.2.26

28.2.25

£

£

Deferred tax

7,725

-

Deferred

tax

£

Movement

7,725

Balance at 28 February 2026

7,725

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.26

28.2.25

value:

£

£

150

Ordinary Class A

£1

150

250

150

Ordinary Class B

£1

150

250

150

Ordinary Class C

£1

150

-

50

Ordinary Class D

£1

50

-

500

500