Team Developments Limited - Limited company - abbreviated

REGISTERED NUMBER: 04223850 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2014

for

Team Developments Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

C J Brereton

SECRETARY:

Paylings

REGISTERED OFFICE:

Rose Cottage

The Balk

Walton

Wakefield

West Yorkshire

WF2 6PN

REGISTERED NUMBER:

04223850 (England and Wales)

ACCOUNTANTS:

Paylings

Accountants

7 The Office Campus

Paragon Business Village

Red Hall Court

Wakefield

West Yorkshire

WF1 2UY

FIXED ASSETS

Tangible assets

2

135

CURRENT ASSETS

Stocks

-

150,000

Debtors

30,000

Cash in hand

8

30,008

180,008

CREDITORS

Amounts falling due within one year

890

140,890

NET CURRENT ASSETS

29,118

39,118

TOTAL ASSETS LESS CURRENT
LIABILITIES

29,253

39,253

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

29,252

39,252

SHAREHOLDERS' FUNDS

29,253

39,253

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 27 February 2015 and were signed by:

C J Brereton - 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 April 2008).

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.

Plant & machinery etc

-

10% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

2,654

DEPRECIATION

At 1 June 2013

and 31 May 2014

2,519

NET BOOK VALUE

At 31 May 2014

135

At 31 May 2013

135

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

1

Ordinary

£1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in creditors: amounts due of £880 (2013-£47,703) due to C Brereton, the director.

5.	ULTIMATE CONTROLLING PARTY

The company is controlled by C Brereton who owns the whole of the issued share capital.

Team Developments Limited - Limited company - abbreviated - 11.6

Team Developments Limited - Limited company - abbreviated - 11.6