IRIS Accounts Production v24.3.2.46 14858924 Board of Directors 10.5.23 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh148589242023-05-09148589242024-10-31148589242023-05-102024-10-31148589242023-05-0914858924ns15:EnglandWales2023-05-102024-10-3114858924ns14:PoundSterling2023-05-102024-10-3114858924ns10:Director12023-05-102024-10-3114858924ns10:CompanyLimitedByGuarantee2023-05-102024-10-3114858924ns10:SmallEntities2023-05-102024-10-3114858924ns10:AuditExempt-NoAccountantsReport2023-05-102024-10-3114858924ns10:SmallCompaniesRegimeForDirectorsReport2023-05-102024-10-3114858924ns10:SmallCompaniesRegimeForAccounts2023-05-102024-10-3114858924ns10:FullAccounts2023-05-102024-10-3114858924ns10:Director22023-05-102024-10-3114858924ns10:Director42023-05-102024-10-3114858924ns10:RegisteredOffice2023-05-102024-10-3114858924ns5:CurrentFinancialInstruments2024-10-3114858924ns5:RetainedEarningsAccumulatedLosses2024-10-3114858924ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-31
REGISTERED NUMBER: 14858924 (England and Wales)















Financial Statements for the Period 10 May 2023 to 31 October 2024

for

Trustmark Research & Innovation Ltd

Trustmark Research & Innovation Ltd (Registered number: 14858924)

Contents of the Financial Statements
for the Period 10 May 2023 to 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Trustmark Research & Innovation Ltd

Company Information
for the Period 10 May 2023 to 31 October 2024







DIRECTORS: S E Ayers
P G New
R J Saggers





REGISTERED OFFICE: The Square
Arena Business Centre
Basing View
Basingstoke
Hampshire
RG21 4EB





REGISTERED NUMBER: 14858924 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Chartered Certified Accountants
238 Station Road
Addlestone
Surrey
KT15 2PS

Trustmark Research & Innovation Ltd (Registered number: 14858924)

Balance Sheet
31 October 2024

Notes £   
CURRENT ASSETS
Debtors 4 375,493
Cash at bank 85,499
460,992
CREDITORS
Amounts falling due within one year 5 (62,947 )
NET CURRENT ASSETS 398,045
TOTAL ASSETS LESS CURRENT LIABILITIES 398,045

RESERVES
Retained earnings 398,045
398,045

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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 28 January 2025 and were signed on its behalf by:





P G New - Director


Trustmark Research & Innovation Ltd (Registered number: 14858924)

Notes to the Financial Statements
for the Period 10 May 2023 to 31 October 2024


1. STATUTORY INFORMATION

Trustmark Research & Innovation Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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

Financial instruments
Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument. The company holds basic financial instruments, which comprise cash at bank and in hand, trade and other debtors and trade and other creditors. The company has chosen to apply the measurement and recognition provisions of FRS 102 Section 11 'Basic Financial Instruments' and section 12 'Other financial Instruments Issues' in full.

Trade and other debtors
Trade and other debtors are initially recognised at the transaction price, including any transaction costs, and are subsequently measured at amortised cost using the effective interest method, less any provision for impairment.

Amounts that are receivable within one year are measured at the undiscounted amount of the amount expected to be receivable net of any impairment. Where a financial asset constitutes a financing transaction it is initially measured at the present value of the future payments, discounted at a market rate of interest.

At each reporting date, the company assesses whether there is objective evidence that any financial asset amount may be impaired. A provision for impairment is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the financial assets. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cashflows. The amount of the provision is recognised immediately in the income statement.

Trade creditors and other creditors
Trade and other creditors are initially measured at the transaction price, including any transaction costs, and are subsequently measured at amortised cost using this effective interest method.

Amounts that are payable within one year are measured at the undiscounted amount of the amount expected to be payable.

Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of the future payments discounted at a market rate of interest.


Trustmark Research & Innovation Ltd (Registered number: 14858924)

Notes to the Financial Statements - continued
for the Period 10 May 2023 to 31 October 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Grant income
The accruals model is used in accounting for grant income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 11 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 110,844
Tax 220,356
VAT 11,221
Prepayments 33,072
375,493

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 34,139
Accrued expenses 28,808
62,947