Company registration number 12502402 (England and Wales)
TRUST A PART LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
TRUST A PART LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
TRUST A PART LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
316
421
Current assets
Stocks
75,000
125,000
Debtors
4
11,624
15,113
Cash at bank and in hand
33,079
16,366
119,703
156,479
Creditors: amounts falling due within one year
5
(124,634)
(126,950)
Net current (liabilities)/assets
(4,931)
29,529
Total assets less current liabilities
(4,615)
29,950
Creditors: amounts falling due after more than one year
6
(13,091)
(23,274)
Net (liabilities)/assets
(17,706)
6,676
Capital and reserves
Called up share capital
7
1,000
1,000
Profit and loss reserves
(18,706)
5,676
Total equity
(17,706)
6,676

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

TRUST A PART LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 9 September 2024 and are signed on its behalf by:
Lee Fowkes
Michael Fowkes
Director
Director
Company Registration No. 12502402
TRUST A PART LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Trust A Part Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 26, Enterprise Trading Estate, Pedmore Road, Brierley Hill, DY5 1TX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

TRUST A PART LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

The following assets and liabilities are classified as financial instruments – trade debtors, trade creditors, bank loans and directors’ loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised costs using the effective interest method.

Directors’ loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Tax deferred or accelerated is accounted for in respect of all material timing differences, in particular accelerated capital allowances. All deferred tax is charged/(credited) to the Statement of Income and Retained Earnings/Profit and Loss Account.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
TRUST A PART LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 and 31 March 2024
750
Depreciation and impairment
At 1 April 2023
329
Depreciation charged in the year
105
At 31 March 2024
434
Carrying amount
At 31 March 2024
316
At 31 March 2023
421
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Corporation tax recoverable
-
0
4,541
Other debtors
11,624
10,572
11,624
15,113
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,183
9,932
Taxation and social security
4,582
7,607
Other creditors
109,869
109,411
124,634
126,950
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
13,091
23,274
TRUST A PART LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,000
1,000
1,000
1,000
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
-
0
12,773
2024-03-312023-04-01false09 September 2024CCH SoftwareCCH Accounts Production 2022.200No description of principal activityLee FowkesMichael Fowkes125024022023-04-012024-03-31125024022024-03-31125024022023-03-3112502402core:OtherPropertyPlantEquipment2024-03-3112502402core:OtherPropertyPlantEquipment2023-03-3112502402core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3112502402core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3112502402core:Non-currentFinancialInstrumentscore:AfterOneYear2024-03-3112502402core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-3112502402core:CurrentFinancialInstruments2024-03-3112502402core:CurrentFinancialInstruments2023-03-3112502402core:ShareCapital2024-03-3112502402core:ShareCapital2023-03-3112502402core:RetainedEarningsAccumulatedLosses2024-03-3112502402core:RetainedEarningsAccumulatedLosses2023-03-3112502402bus:Director12023-04-012024-03-3112502402bus:Director22023-04-012024-03-3112502402core:MotorVehicles2023-04-012024-03-31125024022022-04-012023-03-3112502402core:OtherPropertyPlantEquipment2023-03-3112502402core:OtherPropertyPlantEquipment2023-04-012024-03-3112502402core:WithinOneYear2024-03-3112502402core:WithinOneYear2023-03-3112502402core:Non-currentFinancialInstruments2024-03-3112502402core:Non-currentFinancialInstruments2023-03-3112502402bus:PrivateLimitedCompanyLtd2023-04-012024-03-3112502402bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3112502402bus:FRS1022023-04-012024-03-3112502402bus:AuditExemptWithAccountantsReport2023-04-012024-03-3112502402bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP