Company Registration No. SC642631 (Scotland)
Trust Control Solutions Ltd
Unaudited accounts
for the year ended 31 March 2023
Trust Control Solutions Ltd
Unaudited accounts
Contents
Trust Control Solutions Ltd
Company Information
for the year ended 31 March 2023
Company Number
SC642631 (Scotland)
Registered Office
48 Harleeshill Road
Larkhall
ML9 2EX
Scotland
Accountants
Hawthorn Tax
4 Newton Place
Glasgow
G3 7PR
Trust Control Solutions Ltd
Statement of financial position
as at 31 March 2023
Intangible assets
10,000
11,000
Tangible assets
39,038
18,792
Cash at bank and in hand
3,886
420
Creditors: amounts falling due within one year
(61,634)
(28,781)
Net current liabilities
(56,301)
(27,322)
Total assets less current liabilities
(7,263)
2,470
Provisions for liabilities
Net (liabilities)/assets
(7,263)
2,124
Called up share capital
1
1
Profit and loss account
(7,264)
2,123
Shareholders' funds
(7,263)
2,124
For the year ending 31 March 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 16 November 2023 and were signed on its behalf by
Andrew Marshall
Director
Company Registration No. SC642631
Trust Control Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2023
Trust Control Solutions Ltd is a private company, limited by shares, registered in Scotland, registration number SC642631. The registered office is 48 Harleeshill Road, Larkhall, ML9 2EX, Scotland.
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.
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.
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.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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
20% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Trust Control Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2022
22,294
-
22,294
Additions
12,660
14,000
26,660
At 31 March 2023
34,954
14,000
48,954
At 1 April 2022
3,502
-
3,502
Charge for the year
5,247
1,167
6,414
At 31 March 2023
8,749
1,167
9,916
At 31 March 2023
26,205
12,833
39,038
At 31 March 2022
18,792
-
18,792
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,542
6,000
Obligations under finance leases and hire purchase contracts
8,537
-
Loans from directors
51,336
22,780
Trust Control Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2023
8
Deferred taxation
2023
2022
Accelerated capital allowances
7,417
953
Tax losses carried forward
(8,264)
(607)
Provision at start of year
346
-
(Credited)/charged to the profit and loss account
(1,193)
346
Provision at end of year
(847)
346
9
Transactions with related parties
At the period end, the company owed its sole director, £51,336 (2022: £22,780)
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).