REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 April 2022 to 31 May 2023 |
for |
Trustbruno Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 April 2022 to 31 May 2023 |
for |
Trustbruno Limited |
Trustbruno Limited (Registered number: 14018421) |
Contents of the Financial Statements |
for the Period 1 April 2022 to 31 May 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Trustbruno Limited |
Company Information |
for the Period 1 April 2022 to 31 May 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
80 Woodrush Way |
Chadwell Heath |
Romford |
Essex |
RM6 5BL |
Trustbruno Limited (Registered number: 14018421) |
Balance Sheet |
31 May 2023 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 3 |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings | 11 | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
Trustbruno Limited (Registered number: 14018421) |
Balance Sheet - continued |
31 May 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Trustbruno Limited (Registered number: 14018421) |
Notes to the Financial Statements |
for the Period 1 April 2022 to 31 May 2023 |
1. | STATUTORY INFORMATION |
Trustbruno Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going Concern |
The directors consider that the financial resources available to the Company are adequate to meet its operational needs for the foreseeable future or atleast 12 months from the date of signature of these accounts. Accordingly, the going concern basis has been adopted in preparing these financial statements. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
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 |
Fixtures and fittings | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Trustbruno Limited (Registered number: 14018421) |
Notes to the Financial Statements - continued |
for the Period 1 April 2022 to 31 May 2023 |
2. | ACCOUNTING POLICIES - continued |
Financial instruments |
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. |
Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price.Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. |
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management. |
Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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. |
Trustbruno Limited (Registered number: 14018421) |
Notes to the Financial Statements - continued |
for the Period 1 April 2022 to 31 May 2023 |
3. | INTANGIBLE FIXED ASSETS |
Website |
development |
cost |
£ |
COST |
Additions |
At 31 May 2023 |
AMORTISATION |
Amortisation for period |
At 31 May 2023 |
NET BOOK VALUE |
At 31 May 2023 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
Additions |
At 31 May 2023 |
DEPRECIATION |
Charge for period |
At 31 May 2023 |
NET BOOK VALUE |
At 31 May 2023 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
At 31 May 2023 |
NET BOOK VALUE |
At 31 May 2023 |
Trustbruno Limited (Registered number: 14018421) |
Notes to the Financial Statements - continued |
for the Period 1 April 2022 to 31 May 2023 |
5. | FIXED ASSET INVESTMENTS - continued |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: United Kingdom |
Nature of business: |
% |
Class of shares: | holding |
31.5.23 |
£ |
Aggregate capital and reserves |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
VAT |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Amounts owed to group undertakings |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Other loans (see note 9) |
9. | LOANS |
An analysis of the maturity of loans is given below: |
£ |
Amounts falling due between two and five years: |
Shareholders loans - 2-5 years |
Accr shareholder loan interest | 12,127 |
Trustbruno Limited (Registered number: 14018421) |
Notes to the Financial Statements - continued |
for the Period 1 April 2022 to 31 May 2023 |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | 10p | 100 |
1,000 Ordinary shares of 10p each were allotted and fully paid for |
11. | RESERVES |
Retained |
earnings |
£ |
Deficit for the period | ( |
) |
At 31 May 2023 | ( |
) |
12. | RELATED PARTY DISCLOSURES |
As at the balance sheet date, the following loan amounts including accrued interest, were owed by the company to its shareholders. |
DTP Ltd | £255,263 |
Viberta Ltd | £113,158 |
Sliver Flowe Ltd | £109,935 |