Company Registration No. 10273225 (England and Wales)
ITRUST PARTNERING LIMITED
Unaudited accounts
for the year ended 30 September 2024
ITRUST PARTNERING LIMITED
Unaudited accounts
Contents
ITRUST PARTNERING LIMITED
Company Information
for the year ended 30 September 2024
Company Number
10273225 (England and Wales)
Registered Office
Technology House
Mount Pleasant
Hildenborough
Tonbridge
TN11 9JG
Accountants
G Schulz & Company Ltd
Chartered Management Accountants
G W Schulz FCMA CGMA
3 Lane Close
Horsham, West Sussex
RH12 3UF
ITRUST PARTNERING LIMITED
Statement of financial position
as at 30 September 2024
Tangible assets
541,721
575,297
Cash at bank and in hand
447,292
351,981
Creditors: amounts falling due within one year
(972,785)
(761,188)
Net current assets
387,442
458,176
Total assets less current liabilities
950,809
1,055,119
Creditors: amounts falling due after more than one year
(340,215)
(360,460)
Net assets
610,594
694,659
Called up share capital
100
120
Profit and loss account
610,494
694,539
Shareholders' funds
610,594
694,659
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 May 2025 and were signed on its behalf by
D HULME
Director
Company Registration No. 10273225
ITRUST PARTNERING LIMITED
Notes to the Accounts
for the year ended 30 September 2024
ITRUST PARTNERING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10273225. The registered office is Technology House, Mount Pleasant, Hildenborough, Tonbridge, TN11 9JG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on cost
Motor vehicles
25% on cost
Fixtures & fittings
25% on cost
Computer equipment
33% on cost
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
ITRUST PARTNERING LIMITED
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2023
539,488
88,686
1,112
18,682
647,968
Additions
-
-
-
2,608
2,608
At 30 September 2024
539,488
88,686
1,112
21,290
650,576
At 1 October 2023
21,580
35,441
556
15,094
72,671
Charge for the year
10,790
22,171
278
2,945
36,184
At 30 September 2024
32,370
57,612
834
18,039
108,855
At 30 September 2024
507,118
31,074
278
3,251
541,721
At 30 September 2023
517,908
53,245
556
3,588
575,297
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Investments
Subsidiary undertakings
Valuation at 1 October 2023
21,646
Valuation at 30 September 2024
21,646
Amounts falling due within one year
Trade debtors
805,694
777,591
Amounts due from group undertakings etc.
74,867
57,712
Accrued income and prepayments
23,906
16,751
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,578
8,578
Obligations under finance leases and hire purchase contracts
18,909
7,106
Trade creditors
735,021
657,936
Taxes and social security
34,398
56,075
Other creditors
158,328
11,049
Loans from directors
43
175
Deferred income
17,508
20,269
ITRUST PARTNERING LIMITED
Notes to the Accounts
for the year ended 30 September 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
310,317
311,117
Obligations under finance leases and hire purchase contracts
29,898
49,343
9
Average number of employees
During the year the average number of employees was 12 (2023: 14).