Registered number
07575548
Trusted Local Care Ltd
Filleted Accounts
28 May 2024
Trusted Local Care Ltd
Registered number: 07575548
Balance Sheet
as at 28 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,058 2,743
Current assets
Debtors 4 14,624 9,531
Cash at bank and in hand 62 6,630
14,686 16,161
Creditors: amounts falling due within one year 5 (7,433) (12,920)
Net current assets 7,253 3,241
Net assets 9,311 5,984
Reserves
Profit and loss account 9,311 5,984
Members' funds 9,311 5,984
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S McDonald
Director
Approved by the board on 25 February 2025
Trusted Local Care Ltd
Notes to the Accounts
for the year ended 28 May 2024
1 Accounting policies
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
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 rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 25% reducing balance
Fixtures, fittings and equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. used. Current tax assets and liabilities are not discounted.
Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Fixtures, fittings and equipment Computer equipment Total
£ £ £
Cost
At 29 May 2023 12,797 2,775 15,572
At 28 May 2024 12,797 2,775 15,572
Depreciation
At 29 May 2023 11,042 1,787 12,829
Charge for the year 438 247 685
At 28 May 2024 11,480 2,034 13,514
Net book value
At 28 May 2024 1,317 741 2,058
At 28 May 2023 1,755 988 2,743
4 Debtors 2024 2023
£ £
Trade debtors 2,033 3,478
Directors loan account 2,239 3,613
Other debtors 10,352 2,440
14,624 9,531
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 88 -
Taxation and social security costs 3,051 2,384
Wages 458 6,053
Other creditors 3,836 4,483
7,433 12,920
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
A E McDonald
[Loan 1] 3,613 234 (1,608) 2,239
3,613 234 (1,608) 2,239
7 Company limited by guarantee
The company is a private company limited by guarantee and consequently does not have share capital. Each member is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of a liquidation.
8 Other information
Trusted Local Care Ltd is a private company limited by guarantee and incorporated in England. Its registered office is:
89 Woodland Road
Northfield
Birmingham
West Midlands
B31 2HZ
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