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REGISTERED NUMBER: 11926207 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2022

for

TRUSTIGE LIMITED

TRUSTIGE LIMITED (REGISTERED NUMBER: 11926207)






Contents of the Financial Statements
for the Year Ended 31 January 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TRUSTIGE LIMITED

Company Information
for the Year Ended 31 January 2022







DIRECTORS: Mrs I Potter
S J Mills





REGISTERED OFFICE: 4th Floor
Portman House
2 Portman Street
London
W1H 6DU





REGISTERED NUMBER: 11926207 (England and Wales)





ACCOUNTANTS: Trustige Limited
4th Floor, Portman House,
2 Portman Street
London
W1H 6DU

TRUSTIGE LIMITED (REGISTERED NUMBER: 11926207)

Statement of Financial Position
31 January 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 80,048 -
Tangible assets 5 1,674 -
Investments 6 201 301
81,923 301

CURRENT ASSETS
Debtors 7 348,167 8,627
Cash at bank and in hand 102,920 91,753
451,087 100,380
CREDITORS
Amounts falling due within one year 8 468,989 97,627
NET CURRENT (LIABILITIES)/ASSETS (17,902 ) 2,753
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,021

3,054

PROVISIONS FOR LIABILITIES 318 -
NET ASSETS 63,703 3,054

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 63,603 2,954
SHAREHOLDERS' FUNDS 63,703 3,054

TRUSTIGE LIMITED (REGISTERED NUMBER: 11926207)

Statement of Financial Position - continued
31 January 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2022 and were signed on its behalf by:





S J Mills - Director


TRUSTIGE LIMITED (REGISTERED NUMBER: 11926207)

Notes to the Financial Statements
for the Year Ended 31 January 2022

1. STATUTORY INFORMATION

Trustige 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Trustige Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


TRUSTIGE LIMITED (REGISTERED NUMBER: 11926207)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2021 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 99,991
At 31 January 2022 99,991
AMORTISATION
Charge for year 19,943
At 31 January 2022 19,943
NET BOOK VALUE
At 31 January 2022 80,048

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 2,041
At 31 January 2022 2,041
DEPRECIATION
Charge for year 367
At 31 January 2022 367
NET BOOK VALUE
At 31 January 2022 1,674

TRUSTIGE LIMITED (REGISTERED NUMBER: 11926207)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2021 301
Disposals (100 )
At 31 January 2022 201
NET BOOK VALUE
At 31 January 2022 201
At 31 January 2021 301

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 231,807 -
Amounts owed by group undertakings - 2,533
Other debtors 116,360 6,094
348,167 8,627

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 47,163 7,422
Taxation and social security 77,736 83
Other creditors 344,090 90,122
468,989 97,627