Abbreviated Company Accounts - TEAM IT UK LTD

Abbreviated Company Accounts - TEAM IT UK LTD

TEAM IT UK LTD - Company Information

Print Friendly Version

Registered Number 07319400

TEAM IT UK LTD

Abbreviated Accounts

31 July 2015

TEAM IT UK LTD Registered Number 07319400

Abbreviated Balance Sheet as at 31 July 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 391 458
391 458
Current assets
Stocks 7,500 8,064
Debtors 348 720
Cash at bank and in hand 5,221 5,440
13,069 14,224
Creditors: amounts falling due within one year (3,384) (4,578)
Net current assets (liabilities) 9,685 9,646
Total assets less current liabilities 10,076 10,104
Creditors: amounts falling due after more than one year (8,966) (5,940)
Total net assets (liabilities) 1,110 4,164
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,109 4,163
Shareholders' funds 1,110 4,164
  • For the year ending 31 July 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 March 2016

And signed on their behalf by:
Sultan Raja, Director

TEAM IT UK LTD Registered Number 07319400

Notes to the Abbreviated Accounts for the period ended 31 July 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Tangible fixed assets
£
Cost
At 1 August 2014 915
Additions 30
Disposals -
Revaluations -
Transfers -
At 31 July 2015 945
Depreciation
At 1 August 2014 457
Charge for the year 97
On disposals -
At 31 July 2015 554
Net book values
At 31 July 2015 391
At 31 July 2014 458