Team Communication Svcs Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 02523594 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2016

for

TEAM COMMUNICATION SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Certified Accountants' Report

7

DIRECTORS:

G Brunning

K Sullivan

M A McDonagh

REGISTERED OFFICE:

337 Bath Road

Slough

Berkshire

SL1 5PR

REGISTERED NUMBER:

02523594 (England and Wales)

ACCOUNTANTS:

Masons

337 Bath Road

Slough

Berkshire

SL1 5PR

FIXED ASSETS

Tangible assets

2

382,709

391,368

Investments

3

2,400

385,109

393,768

CURRENT ASSETS

Stocks

4,800

12,200

Debtors

184,530

221,713

Cash at bank and in hand

29,803

277,936

219,133

511,849

CREDITORS

Amounts falling due within one year

4

188,911

225,661

NET CURRENT ASSETS

30,222

286,188

TOTAL ASSETS LESS CURRENT
LIABILITIES

415,331

679,956

CREDITORS

Amounts falling due after more than one
year

4

(37,583

)

(71,896

)

PROVISIONS FOR LIABILITIES

(10,380

)

(11,104

)

NET ASSETS

367,368

596,956

CAPITAL AND RESERVES

Called up share capital

5

2,000

Profit and loss account

365,368

594,956

SHAREHOLDERS' FUNDS

367,368

596,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20 February 2017 and were signed on
its behalf by:

G Brunning - Director

K Sullivan - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

not provided

Plant and machinery etc

-

20% on reducing balance, not provided and at varying rates at varying methods

No depreciation is provided on freehold properties or on integral improvements. It is the company's

practice to maintain these assets in a continual state of sound repair and to extend and make

improvements thereto, as considered necessary, and accordingly the directors consider that the lives

of these assets are so long and residual values are so high that depreciation is insignificant.

Stock and work in progress

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is

the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

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 the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

475,512

Additions

3,721

Disposals

(17,417

)

At 31 July 2016

461,816

DEPRECIATION

At 1 August 2015

84,144

Charge for year

12,380

Eliminated on disposal

(17,417

)

At 31 July 2016

79,107

NET BOOK VALUE

At 31 July 2016

382,709

At 31 July 2015

391,368

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 August 2015

and 31 July 2016

2,400

NET BOOK VALUE

At 31 July 2016

2,400

At 31 July 2015

2,400

4.

CREDITORS

Creditors include an amount of £ 70,151 (31.7.15 - £ 103,558 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

1,000

Ordinary

£1

1,000

Ordinary B

£1

1,000

2,000

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages two to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Team Communication Services Limited for the year ended 31 July 2016

which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Team Communication Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Team Communication Services Limited and state those matters that we have agreed to state to the Board of Directors of Team Communication Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Team Communication Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Team Communication Services Limited. You consider that Team Communication Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Team Communication Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Masons

337 Bath Road

Slough

Berkshire

SL1 5PR

20 February 2017