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REGISTERED NUMBER: 10835481 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

THE INSOLVENCY TRUST LIMITED

THE INSOLVENCY TRUST LIMITED (REGISTERED NUMBER: 10835481)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE INSOLVENCY TRUST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTORS: G Dickinson
A J Pearse





REGISTERED OFFICE: 3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED





REGISTERED NUMBER: 10835481 (England and Wales)





ACCOUNTANTS: CGA
Chartered Certified Accountants
3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED

THE INSOLVENCY TRUST LIMITED (REGISTERED NUMBER: 10835481)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 246,971 224,692
Cash at bank 63 4,212
247,034 228,904
CREDITORS
Amounts falling due within one year 5 267,978 216,515
NET CURRENT (LIABILITIES)/ASSETS (20,944 ) 12,389
TOTAL ASSETS LESS CURRENT LIABILITIES (20,944 ) 12,389

CREDITORS
Amounts falling due after more than one year 6 32,960 35,185
NET LIABILITIES (53,904 ) (22,796 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (54,004 ) (22,896 )
SHAREHOLDERS' FUNDS (53,904 ) (22,796 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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 27th January 2025 and were signed on its behalf by:





G Dickinson - Director


THE INSOLVENCY TRUST LIMITED (REGISTERED NUMBER: 10835481)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

The Insolvency Trust 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.

Turnover
Income is recognised once cases are settled and the case profit is fully ascertainable.

Going concern
Despite the company showing net liabilities, the financial statements have been prepared on a going concern basis. The director will continue to support the company for a period in excess of twelve months from the date of approval of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 189,506 162,120
Other debtors 57,465 62,572
246,971 224,692

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 254,572 209,999
Other creditors 7,850 960
267,978 216,515

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 32,960 35,185

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,738 12,963

THE INSOLVENCY TRUST LIMITED (REGISTERED NUMBER: 10835481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

7. RELATED PARTY DISCLOSURES

The company is owed money from Corporate Business Loans Ltd, a company in which Mr G Dickinson is also a Director. The amount outstanding at the balance sheet date is £25,463 (2023: £27,370) and included within other debtors due within one year.

The company is owed money from Grove Park Finance Ltd, a company in which Mr A Pearse is also a Director. The amount outstanding at the balance sheet date is £26,680 (2023: £29,880) and included within other debtors due within one year.

The company owes money to Restore Capital Ltd, a company in which Mr G Dickinson is also a Director. The amount outstanding at the balance sheet date is £1,250 (2023: £Nil) and included within other creditors due within one year.

No interest has been charged.