2023-06-012024-05-312024-05-31false14100808TRUSTED TECH LTD2024-08-0562090iso4217:GBPxbrli:pure141008082023-06-01141008082024-05-31141008082023-06-012024-05-31141008082022-05-11141008082023-05-31141008082022-05-112023-05-3114100808bus:SmallEntities2023-06-012024-05-3114100808bus:AuditExempt-NoAccountantsReport2023-06-012024-05-3114100808bus:FullAccounts2023-06-012024-05-3114100808bus:PrivateLimitedCompanyLtd2023-06-012024-05-3114100808core:WithinOneYear2024-05-3114100808core:AfterOneYear2024-05-3114100808core:WithinOneYear2023-05-3114100808core:AfterOneYear2023-05-3114100808core:ShareCapital2024-05-3114100808core:SharePremium2024-05-3114100808core:RevaluationReserve2024-05-3114100808core:OtherReservesSubtotal2024-05-3114100808core:RetainedEarningsAccumulatedLosses2024-05-3114100808core:ShareCapital2023-05-3114100808core:SharePremium2023-05-3114100808core:RevaluationReserve2023-05-3114100808core:OtherReservesSubtotal2023-05-3114100808core:RetainedEarningsAccumulatedLosses2023-05-3114100808core:LandBuildings2024-05-3114100808core:PlantMachinery2024-05-3114100808core:Vehicles2024-05-3114100808core:FurnitureFittings2024-05-3114100808core:OfficeEquipment2024-05-3114100808core:NetGoodwill2024-05-3114100808core:IntangibleAssetsOtherThanGoodwill2024-05-3114100808core:ListedExchangeTraded2024-05-3114100808core:UnlistedNon-exchangeTraded2024-05-3114100808core:LandBuildings2023-05-3114100808core:PlantMachinery2023-05-3114100808core:Vehicles2023-05-3114100808core:FurnitureFittings2023-05-3114100808core:OfficeEquipment2023-05-3114100808core:NetGoodwill2023-05-3114100808core:IntangibleAssetsOtherThanGoodwill2023-05-3114100808core:ListedExchangeTraded2023-05-3114100808core:UnlistedNon-exchangeTraded2023-05-3114100808core:LandBuildings2023-06-012024-05-3114100808core:PlantMachinery2023-06-012024-05-3114100808core:Vehicles2023-06-012024-05-3114100808core:FurnitureFittings2023-06-012024-05-3114100808core:OfficeEquipment2023-06-012024-05-3114100808core:NetGoodwill2023-06-012024-05-3114100808core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3114100808core:ListedExchangeTraded2023-06-012024-05-3114100808core:UnlistedNon-exchangeTraded2023-06-012024-05-3114100808core:MoreThanFiveYears2023-06-012024-05-3114100808core:Non-currentFinancialInstruments2024-05-3114100808core:Non-currentFinancialInstruments2023-05-3114100808dpl:CostSales2023-06-012024-05-3114100808dpl:DistributionCosts2023-06-012024-05-3114100808core:LandBuildings2023-06-012024-05-3114100808core:PlantMachinery2023-06-012024-05-3114100808core:Vehicles2023-06-012024-05-3114100808core:FurnitureFittings2023-06-012024-05-3114100808core:OfficeEquipment2023-06-012024-05-3114100808dpl:AdministrativeExpenses2023-06-012024-05-3114100808core:NetGoodwill2023-06-012024-05-3114100808core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3114100808dpl:GroupUndertakings2023-06-012024-05-3114100808dpl:ParticipatingInterests2023-06-012024-05-3114100808dpl:GroupUndertakingscore:ListedExchangeTraded2023-06-012024-05-3114100808core:ListedExchangeTraded2023-06-012024-05-3114100808dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-06-012024-05-3114100808core:UnlistedNon-exchangeTraded2023-06-012024-05-3114100808dpl:CostSales2022-05-112023-05-3114100808dpl:DistributionCosts2022-05-112023-05-3114100808core:LandBuildings2022-05-112023-05-3114100808core:PlantMachinery2022-05-112023-05-3114100808core:Vehicles2022-05-112023-05-3114100808core:FurnitureFittings2022-05-112023-05-3114100808core:OfficeEquipment2022-05-112023-05-3114100808dpl:AdministrativeExpenses2022-05-112023-05-3114100808core:NetGoodwill2022-05-112023-05-3114100808core:IntangibleAssetsOtherThanGoodwill2022-05-112023-05-3114100808dpl:GroupUndertakings2022-05-112023-05-3114100808dpl:ParticipatingInterests2022-05-112023-05-3114100808dpl:GroupUndertakingscore:ListedExchangeTraded2022-05-112023-05-3114100808core:ListedExchangeTraded2022-05-112023-05-3114100808dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-05-112023-05-3114100808core:UnlistedNon-exchangeTraded2022-05-112023-05-3114100808core:NetGoodwill2024-05-3114100808core:IntangibleAssetsOtherThanGoodwill2024-05-3114100808core:LandBuildings2024-05-3114100808core:PlantMachinery2024-05-3114100808core:Vehicles2024-05-3114100808core:FurnitureFittings2024-05-3114100808core:OfficeEquipment2024-05-3114100808core:AfterOneYear2024-05-3114100808core:WithinOneYear2024-05-3114100808core:ListedExchangeTraded2024-05-3114100808core:UnlistedNon-exchangeTraded2024-05-3114100808core:ShareCapital2024-05-3114100808core:SharePremium2024-05-3114100808core:RevaluationReserve2024-05-3114100808core:OtherReservesSubtotal2024-05-3114100808core:RetainedEarningsAccumulatedLosses2024-05-3114100808core:NetGoodwill2023-05-3114100808core:IntangibleAssetsOtherThanGoodwill2023-05-3114100808core:LandBuildings2023-05-3114100808core:PlantMachinery2023-05-3114100808core:Vehicles2023-05-3114100808core:FurnitureFittings2023-05-3114100808core:OfficeEquipment2023-05-3114100808core:AfterOneYear2023-05-3114100808core:WithinOneYear2023-05-3114100808core:ListedExc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TRUSTED TECH LTD

Registered Number
14100808
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

TRUSTED TECH LTD
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

TUBB, Adrian Paul

Registered Address

Unit 2 Heron Way
Newham
Truro
TR1 2XN

Registered Number

14100808 (England and Wales)
TRUSTED TECH LTD
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,2181,522
1,2181,522
Current assets
Stocks44,6758,932
Debtors51,906814
Cash at bank and on hand1,646561
8,22710,307
Creditors amounts falling due within one year6(20,883)(19,416)
Net current assets (liabilities)(12,656)(9,109)
Total assets less current liabilities(11,438)(7,587)
Net assets(11,438)(7,587)
Capital and reserves
Called up share capital11
Profit and loss account(11,439)(7,588)
Shareholders' funds(11,438)(7,587)
The financial statements were approved and authorised for issue by the Director on 5 August 2024, and are signed on its behalf by:
TUBB, Adrian Paul
Director
Registered Company No. 14100808
TRUSTED TECH LTD
Notes to the Financial Statements
for the year ended 31 May 2024

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.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Fixtures and fittings20
Office Equipment20
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 June 231531,7501,903
At 31 May 241531,7501,903
Depreciation and impairment
At 01 June 2331350381
Charge for year24280304
At 31 May 2455630685
Net book value
At 31 May 24981,1201,218
At 31 May 231221,4001,522
4.Stocks

2024

2023

££
Other stocks4,6758,932
Total4,6758,932
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables1,906814
Total1,906814
6.Creditors: amounts due within one year

2024

2023

££
Other creditors20,28318,816
Accrued liabilities and deferred income600600
Total20,88319,416