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TrustB Ltd

Registered Number
12136837
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

TrustB Ltd
Company Information
for the year from 1 December 2022 to 30 November 2023

Directors

Mark Jonathan Mackenzie
Alan Gerard Stanmore

Registered Address

Karita House Metha Road
St. Newlyn East
Newquay
TR8 5LP

Registered Number

12136837 (England and Wales)
TrustB Ltd
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets316,39610,003
16,39610,003
Current assets
Stocks4118,012122,430
Debtors191,91167,999
Cash at bank and on hand264,384233,941
574,307424,370
Creditors amounts falling due within one year5(267,043)(152,906)
Net current assets (liabilities)307,264271,464
Total assets less current liabilities323,660281,467
Provisions for liabilities6(4,099)(1,901)
Net assets319,561279,566
Capital and reserves
Called up share capital19,15018,000
Profit and loss account300,411261,566
Shareholders' funds319,561279,566
The financial statements were approved and authorised for issue by the Board of Directors on 15 February 2024, and are signed on its behalf by:
Mark Jonathan Mackenzie
Director
Registered Company No. 12136837
TrustB Ltd
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year77
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 December 2216,54216,542
Additions10,05310,053
At 30 November 2326,59526,595
Depreciation and impairment
At 01 December 226,5396,539
Charge for year3,6603,660
At 30 November 2310,19910,199
Net book value
At 30 November 2316,39616,396
At 30 November 2210,00310,003
4.Stocks

2023

2022

££
Work in progress118,012122,430
Total118,012122,430
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables5,87411,750
Taxation and social security250,520133,607
Other creditors10,6497,549
Total267,043152,906
6.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)4,0991,901
Total4,0991,901