Entrust People Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC376422

Entrust People Limited

Filleted Unaudited Financial Statements

31 March 2025

Entrust People Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed Assets

Tangible assets	5		401	422

Current Assets

Debtors	6	1,123,480	1,232,163
Cash at bank and in hand		25,732	445,744
		------------	------------
		1,149,212	1,677,907

Creditors: amounts falling due within one year	7	1,097,274		901,071
		------------		------------
Net Current Assets			51,938	776,836
			--------	---------
Total Assets Less Current Liabilities			52,339	777,258

Creditors: amounts falling due after more than one year	8	367,347	502,886
		---------	---------
Net (Liabilities)/Assets		( 315,008)	274,372
		---------	---------

Capital and Reserves

Called up share capital	2	2
Profit and loss account	( 315,010)	274,370
	---------	---------
Shareholders (Deficit)/Funds	( 315,008)	274,372
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Entrust People Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 2 October 2025 , and are signed on behalf of the board by:

Mr R Watson

Director

Company registration number: SC376422

Entrust People Limited

Notes to the Financial Statements

Year Ended 31 March 2025

1. General Information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Dundee One, River Court, 5 West Victoria Dock Road, Dundee, DD1 3JT, Scotland.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	33% straight line
Computer equipment	-	33% straight line

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial Instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 31 (2024: 29 ).

5. Tangible Assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 April 2024	14,979	9,884	24,863
Additions	–	389	389
	--------	--------	--------
At 31 March 2025	14,979	10,273	25,252
	--------	--------	--------
Depreciation
At 1 April 2024	14,979	9,462	24,441
Charge for the year	–	410	410
	--------	--------	--------
At 31 March 2025	14,979	9,872	24,851
	--------	--------	--------
Carrying amount
At 31 March 2025	–	401	401
	--------	--------	--------
At 31 March 2024	–	422	422
	--------	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	198,681	354,177
Amounts owed by group undertakings and undertakings in which the company has a participating interest	829,566	778,721
Other debtors	95,233	99,265
	------------	------------
	1,123,480	1,232,163
	------------	------------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	204,320	275,303
Trade creditors	21,807	37,403
Amounts owed to group undertakings and undertakings in which the company has a participating interest	613,351	504,909
Social security and other taxes	240,564	73,467
Other creditors	17,232	9,989
	------------	---------
	1,097,274	901,071
	------------	---------

The RBS Invoice Finance facility of £nil (2024 - £231,608) and Skipton Invoice Finance facility of £63,665 (2024 - £nil), included within bank loans and overdrafts, is secured by a floating charge over all of the property or undertaking of the company.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	367,347	502,886
	---------	---------

9. Related Party Transactions

The company was under the control of Entrust Resource Solutions Limited throughout the current period. At the 31st March 2025, Entrust People Limited was due to receive a balance included in other debtors of £826,566 (2024 - £778,721) from its parent company, Entrust Resource Solutions Limited. This balance is repayable upon demand. At the year end the company paid a dividend of £79,000 (2024 - £98,000) to Entrust Resource Solutions Limited.

10. Controlling Party

The ultimate parent company is Entrust Resource Solutions Limited, a company registered in Scotland.