Your Trusted Friend Limited - Filleted accounts

Registered number

12395451

Your Trusted Friend Limited

Filleted Accounts

31 March 2025

Your Trusted Friend Limited
Registered number:		12395451
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1			343

Current assets
Debtors	4	10,126			14,917
Cash at bank and in hand		18,953			38,657
		29,079			53,574

Creditors: amounts falling due within one year	5	(9,173)			(22,070)

Net current assets			19,906			31,504

Net assets			19,907			31,847

Capital and reserves
Profit and loss account			19,907			31,847

Member's funds			19,907			31,847

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 member has 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.




Catherine Boardman
Directors
These accounts were approved by the Board at a meeting held on 3 September 2025

Your Trusted Friend Limited
Notes to the Accounts
for the year ended 31 March 2025


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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie 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	2025		2024
Number			Number

	Average number of persons employed by the company	2		3


3	Tangible fixed assets
				Plant and machinery etc
£
	Cost
	At 1 April 2024			512
	At 31 March 2025			512

	Depreciation
	At 1 April 2024			169
	Charge for the year			342
	At 31 March 2025			511

	Net book value
	At 31 March 2025			1
	At 31 March 2024			343


4	Debtors	2025		2024
£			£

	Trade debtors	6,790		14,468
	Other debtors	3,336		449
		10,126		14,917


5	Creditors: amounts falling due within one year	2025		2024
£			£

	Bank loans and overdrafts	-		13,117
	Trade creditors	2,498		146
	Taxation and social security costs	1,937		7,656
	Other creditors	4,738		1,151
		9,173		22,070


6	Other information

	Your Trusted Friend Limited is a private company limited by guarantee and incorporated in England & Wales. Its registered office is:
	Fanhills, Pen Y Lan
	Ruabon
	Wrexham
	LL14 6HP