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Company Registration No. 07123408 (England and Wales)
Trusted Leaders Limited Unaudited accounts for the year ended 31 January 2023
Trusted Leaders Limited Unaudited accounts Contents
Page
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Trusted Leaders Limited Company Information for the year ended 31 January 2023
Director
Mr Kashif Barlas
Company Number
07123408 (England and Wales)
Registered Office
19 Beverley Close Epsom Surrey KT17 3HB United Kingdom
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Trusted Leaders Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,393 
- 
Current assets
Debtors
32,124 
1,362 
Cash at bank and in hand
8,678 
545 
40,802 
1,907 
Creditors: amounts falling due within one year
(21,659)
(6,767)
Net current assets/(liabilities)
19,143 
(4,860)
Total assets less current liabilities
21,536 
(4,860)
Creditors: amounts falling due after more than one year
- 
(2,343)
Provisions for liabilities
Deferred tax
(455)
- 
Net assets/(liabilities)
21,081 
(7,203)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
21,080 
(7,204)
Shareholders' funds
21,081 
(7,203)
For the year ending 31 January 2023 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 director acknowledges his 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.
The financial statements were approved by the Board and authorised for issue on 21 September 2023 and were signed on its behalf by
Mr Kashif Barlas Director Company Registration No. 07123408
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Trusted Leaders Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Trusted Leaders Limited is a private company, limited by shares, registered in England and Wales, registration number 07123408. The registered office is 19 Beverley Close, Epsom, Surrey, KT17 3HB, United Kingdom.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Fixtures & fittings
25% Straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Trusted Leaders Limited Notes to the Accounts for the year ended 31 January 2023
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 February 2022
20,085 
Additions
3,190 
At 31 January 2023
23,275 
Depreciation
At 1 February 2022
20,085 
Charge for the year
797 
At 31 January 2023
20,882 
Net book value
At 31 January 2023
2,393 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,362 
Amounts due from group undertakings etc.
30,000 
- 
Other debtors
2,124 
- 
32,124 
1,362 
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Trusted Leaders Limited Notes to the Accounts for the year ended 31 January 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,198 
- 
Taxes and social security
16,805 
- 
Loans from directors
- 
5,519 
Accruals
1,656 
1,248 
21,659 
6,767 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
2,343 
8
Transactions with related parties
The company lend £30,000 (2022: Nil) to Free My Kite Ltd, which is a company under common control.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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