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REGISTERED NUMBER: 12169261 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Trusted Retail & Outlet Limited

Trusted Retail & Outlet Limited (Registered number: 12169261)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Trusted Retail & Outlet Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: D Bedana
Ms V Voisembert





REGISTERED OFFICE: Greengarth
Thicket Grove
Maidenhead
Berkshire
SL6 4LW





REGISTERED NUMBER: 12169261 (England and Wales)





ACCOUNTANT: Ian S Anderson, Chartered Accountant
Greengarth
Thicket Grove
Maidenhead
Berkshire
SL6 4LW

Trusted Retail & Outlet Limited (Registered number: 12169261)

Balance Sheet
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 845 1,192

CURRENT ASSETS
Debtors 5 8,457 28,860

CREDITORS
Amounts falling due within one year 6 8,952 21,805
NET CURRENT (LIABILITIES)/ASSETS (495 ) 7,055
TOTAL ASSETS LESS CURRENT
LIABILITIES

350

8,247

PROVISIONS FOR LIABILITIES 7 161 226
NET ASSETS 189 8,021

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 89 7,921
SHAREHOLDERS' FUNDS 189 8,021

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

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.

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

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 22 December 2023 and were signed on its behalf by:




Ms V Voisembert - Director


Trusted Retail & Outlet Limited (Registered number: 12169261)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Trusted Retail & Outlet Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company's business activities are expected to continue as previously such that the company will continue to generate positive cash flows on its account for the foreseeable future. On the basis of enquiries made and their assessment of the company's financial position, the directors have a reasonable expectation that the company will be able to continue in operational existence for the foreseeable future. Whilst historically the business has suffered some impact from Covid-19, the customer base remains and thus the directors have adopted the going concern basis of accounting in preparing the annual financial statements.

These financial statements have been presented in sterling which is the functional currency of the company and rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Taxation
Taxation for the year 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

Trusted Retail & Outlet Limited (Registered number: 12169261)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 3,381
Additions 1,142
At 31 December 2022 4,523
DEPRECIATION
At 1 January 2022 2,189
Charge for year 1,489
At 31 December 2022 3,678
NET BOOK VALUE
At 31 December 2022 845
At 31 December 2021 1,192

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors - 28,860
Other debtors 8,457 -
8,457 28,860

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security 6,184 18,482
Other creditors 2,768 3,323
8,952 21,805

7. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax
Accelerated capital allowances 161 226

Deferred
tax
£   
Balance at 1 January 2022 226
Provided during year (65 )
Balance at 31 December 2022 161

Trusted Retail & Outlet Limited (Registered number: 12169261)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary 1.00 100 100

9. ULTIMATE CONTROLLING PARTY

The controlling party is Ms V Voisembert.