IRIS Accounts Production v24.3.2.46 09969459 Board of Directors Board of Directors Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false Ordinary 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099694592023-01-31099694592024-01-31099694592023-02-012024-01-31099694592022-01-31099694592022-02-012023-01-31099694592023-01-3109969459ns15:EnglandWales2023-02-012024-01-3109969459ns14:PoundSterling2023-02-012024-01-3109969459ns10:Director12023-02-012024-01-3109969459ns10:Director22023-02-012024-01-3109969459ns10:Director32023-02-012024-01-3109969459ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3109969459ns10:SmallEntities2023-02-012024-01-3109969459ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3109969459ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3109969459ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3109969459ns10:FullAccounts2023-02-012024-01-3109969459ns10:OrdinaryShareClass12023-02-012024-01-3109969459ns5:CurrentFinancialInstruments2024-01-3109969459ns5:CurrentFinancialInstruments2023-01-3109969459ns5:Non-currentFinancialInstruments2024-01-3109969459ns5:Non-currentFinancialInstruments2023-01-3109969459ns5:ShareCapital2024-01-3109969459ns5:ShareCapital2023-01-3109969459ns5:RetainedEarningsAccumulatedLosses2024-01-3109969459ns5:RetainedEarningsAccumulatedLosses2023-01-3109969459ns5:PlantMachinery2023-01-3109969459ns5:PlantMachinery2023-02-012024-01-3109969459ns5:PlantMachinery2024-01-3109969459ns5:PlantMachinery2023-01-3109969459ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3109969459ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-3109969459ns10:OrdinaryShareClass12024-01-31
REGISTERED NUMBER: 09969459 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

INTRUST CARE LTD

INTRUST CARE LTD (REGISTERED NUMBER: 09969459)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


INTRUST CARE LTD (REGISTERED NUMBER: 09969459)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 44,347 49,741

CURRENT ASSETS
Debtors 5 159,282 508,389
Cash at bank and in hand 939,515 366,714
1,098,797 875,103
CREDITORS
Amounts falling due within one year 6 (878,731 ) (750,023 )
NET CURRENT ASSETS 220,066 125,080
TOTAL ASSETS LESS CURRENT
LIABILITIES

264,413

174,821

CREDITORS
Amounts falling due after more than one year 7 (14,990 ) (24,990 )
NET ASSETS 249,423 149,831

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 249,422 149,830
SHAREHOLDERS' FUNDS 249,423 149,831

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

INTRUST CARE LTD (REGISTERED NUMBER: 09969459)

Balance Sheet - continued
31 January 2024


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 12 November 2024 and were signed on its behalf by:




R Dhanji - Director Ms L Adatia - Director




Mrs M Akhaine - Director


INTRUST CARE LTD (REGISTERED NUMBER: 09969459)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Intrust Care Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 8 Beretun, Two Miles Ash, Milton Keynes, England, MK8 8JT.

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.

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 directors have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The directors regard the foreseeable future as no less than twelve months following the publication of these annual financial statements. The directors have considered the company's balance sheet position as at the year end, its working capital forecasts and projections, taking account of possible changes in trading performance and the current state of its operating market, and are satisfied that the company shall remain in operational existence for the foreseeable future. Consequently, the directors consider it to be appropriate to prepare the financial statements on the going concern basis.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

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.

INTRUST CARE LTD (REGISTERED NUMBER: 09969459)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

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:

Plant and equipment25% p.a. on reducing balance basis

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.

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

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.

INTRUST CARE LTD (REGISTERED NUMBER: 09969459)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

INTRUST CARE LTD (REGISTERED NUMBER: 09969459)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

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

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.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 65 (2023 - 56 ) .

INTRUST CARE LTD (REGISTERED NUMBER: 09969459)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 69,858
Additions 2,243
At 31 January 2024 72,101
DEPRECIATION
At 1 February 2023 20,117
Charge for year 7,637
At 31 January 2024 27,754
NET BOOK VALUE
At 31 January 2024 44,347
At 31 January 2023 49,741

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 111,506 497,939
Other debtors 47,776 10,450
159,282 508,389

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 1,057 133,556
Taxation and social security 73,742 66,672
Other creditors 793,932 539,795
878,731 750,023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 14,990 24,990

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

31.01.24 31.01.23
£    £   

Within one year 16,755 16,755

INTRUST CARE LTD (REGISTERED NUMBER: 09969459)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
75 Ordinary £0.01 1 1

10. RELATED PARTY DISCLOSURES

Included within debtors is an amount of £1,156 (2023: £Nil) due from a related entity in which the directors have common interest.

11. ULTIMATE CONTROLLING PARTY

During the year the company was controlled by the directors.