Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseFinancial intermediation not elsewhere classified42truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04168415 2022-04-01 2023-03-31 04168415 2021-04-01 2022-03-31 04168415 2023-03-31 04168415 2022-03-31 04168415 c:Director1 2022-04-01 2023-03-31 04168415 d:MotorVehicles 2022-04-01 2023-03-31 04168415 d:FurnitureFittings 2022-04-01 2023-03-31 04168415 d:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 04168415 d:OtherPropertyPlantEquipment 2023-03-31 04168415 d:OtherPropertyPlantEquipment 2022-03-31 04168415 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04168415 d:CurrentFinancialInstruments 2023-03-31 04168415 d:CurrentFinancialInstruments 2022-03-31 04168415 d:Non-currentFinancialInstruments 2023-03-31 04168415 d:Non-currentFinancialInstruments 2022-03-31 04168415 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04168415 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 04168415 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 04168415 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 04168415 d:ShareCapital 2023-03-31 04168415 d:ShareCapital 2022-03-31 04168415 d:RetainedEarningsAccumulatedLosses 2023-03-31 04168415 d:RetainedEarningsAccumulatedLosses 2022-03-31 04168415 c:OrdinaryShareClass1 2022-04-01 2023-03-31 04168415 c:OrdinaryShareClass1 2023-03-31 04168415 c:OrdinaryShareClass1 2022-03-31 04168415 c:FRS102 2022-04-01 2023-03-31 04168415 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04168415 c:FullAccounts 2022-04-01 2023-03-31 04168415 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04168415 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 04168415 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 04168415 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 04168415 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-03-31 04168415 2 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04168415









TRUSTED ADVISOR LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
TRUSTED ADVISOR LIMITED
REGISTERED NUMBER: 04168415

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
95,215
89,985

  
95,215
89,985

Current assets
  

Debtors: amounts falling due after more than one year
 5 
849,104
297,496

Debtors: amounts falling due within one year
 5 
28,057
13,392

Cash at bank and in hand
  
69,496
77,685

  
946,657
388,573

Creditors: amounts falling due within one year
 6 
(158,538)
(72,966)

Net current assets
  
 
 
788,119
 
 
315,607

Total assets less current liabilities
  
883,334
405,592

Creditors: amounts falling due after more than one year
  
(22,068)
(11,513)

  

Net assets
  
861,266
394,079


Capital and reserves
  

Called up share capital 
 9 
10,000
10,000

Profit and loss account
  
851,266
384,079

  
861,266
394,079


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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
 
Page 1

 
TRUSTED ADVISOR LIMITED
REGISTERED NUMBER: 04168415
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023


The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf         on 29 September 2023.




D L Vaughan Esq
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
TRUSTED ADVISOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Trusted Advisor Limited is a private Company limited by shares and incorporated in England & Wales. The address of the registered office is 12 Holkham Studios, Longlands, Holkham, Wells-next-the-Sea, 
NR23 1RU. The company's principal activity is that of independent financial advisors.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
TRUSTED ADVISOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
20% Straight line
Fixtures & fittings
-
20% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
TRUSTED ADVISOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 2).

Page 5

 
TRUSTED ADVISOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 April 2022
223,517


Additions
59,879


Disposals
(36,458)



At 31 March 2023

246,938



Depreciation


At 1 April 2022
133,532


Charge for the year on owned assets
23,660


Disposals
(5,469)



At 31 March 2023

151,723



Net book value



At 31 March 2023
95,215



At 31 March 2022
89,985

Page 6

 
TRUSTED ADVISOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
849,104
297,496

849,104
297,496


2023
2022
£
£

Due within one year

Other debtors
14,665
-

Prepayments and accrued income
13,392
13,392

28,057
13,392



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
134,604
58,094

Other taxation and social security
4,058
274

Obligations under finance lease and hire purchase contracts
11,035
5,757

Other creditors
5,001
5,001

Accruals and deferred income
3,840
3,840

158,538
72,966



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
22,068
11,513

22,068
11,513


Page 7

 
TRUSTED ADVISOR LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
11,035
5,757

Between 1-5 years
22,068
11,513

33,103
17,270


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10,000 (2022 - 10,000) Ordinary shares of £1.00 each
10,000
10,000



10.


Pension commitments

The company operates a defined contribution pension scheme in respect of the director and employee. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and are expensed in the period to which they relate. 

 
Page 8