Company Registration No. 07405863 (England and Wales)
Tek Team Ltd
Unaudited accounts
for the year ended 31 August 2017
Tek Team Ltd
Unaudited accounts
Contents
Tek Team Ltd
Company Information
for the year ended 31 August 2017
Directors
Michelle Eames
Alexander Eames
Vince Baker
Company Number
07405863 (England and Wales)
Registered Office
203 WEST STREET
FAREHAM
HAMPSHIRE
PO16 0EN
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Tek Team Ltd
Statement of financial position
as at 31 August 2017
Cash at bank and in hand
4,064
405
Creditors: amounts falling due within one year
(5,222)
(20,901)
Net current assets
1,518
1,285
Called up share capital
100
100
Profit and loss account
1,530
1,335
Shareholders' funds
1,630
1,435
For the year ending 31 August 2017 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.
Approved by the Board on 14 September 2017.
Michelle Eames
Director
Company Registration No. 07405863
Tek Team Ltd
Notes to the Accounts
for the year ended 31 August 2017
Tek Team Ltd is a private company, limited by shares, registered in England and Wales, registration number 07405863. The registered office and principal place of business is 203 WEST STREET, FAREHAM, HAMPSHIRE, PO16 0EN.
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.
These financial statements for the year ended 31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Plant & machinery
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Tek Team Ltd
Notes to the Accounts
for the year ended 31 August 2017
Amounts due from group undertakings etc.
2,676
21,781
6
Creditors: amounts falling due within one year
2017
2016
Amounts owed to group undertakings and other participating interests
-
13,820
Taxes and social security
515
2,374
7
Transactions with related parties
As at the balance sheet date £2,676 was owed by Taxsense Accountants Ltd (2016: £21,781), a company under the common control of EMS Hampshire Ltd.
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Average number of employees
During the year the average number of employees was 0 (2016: 2).
