REGISTERED NUMBER: 12542187

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Colin Truscott Accountancy Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C R Truscott

Mrs E F H Bugler

REGISTERED OFFICE:

9 Heron Close

Tresillian

Cornwall

TR2 4BH

REGISTERED NUMBER:

12542187

ACCOUNTANTS:

Colin Truscott Accountancy Limited

9 Heron Close

Tresillian

Cornwall

TR2 4BH

FIXED ASSETS

Intangible assets

4

79,694

24,882

Tangible assets

5

33,869

42,147

113,563

67,029

CURRENT ASSETS

Debtors

6

39,830

29,552

Cash at bank

44,983

41,285

84,813

70,837

CREDITORS

Amounts falling due within one year

7

75,280

56,080

NET CURRENT ASSETS

9,533

14,757

TOTAL ASSETS LESS CURRENT LIABILITIES

123,096

81,786

PROVISIONS FOR LIABILITIES

8,467

8,008

NET ASSETS

114,629

73,778

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

114,529

73,678

114,629

73,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 30 September 2025 and were signed on its behalf by:

C R Truscott - Director

1.	STATUTORY INFORMATION

Colin Truscott Accountancy Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year 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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

35,030

Additions

72,727

At 31 March 2025

107,757

AMORTISATION

At 1 April 2024

10,148

Charge for year

17,915

At 31 March 2025

28,063

NET BOOK VALUE

At 31 March 2025

79,694

At 31 March 2024

24,882

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

70,896

Additions

8,265

At 31 March 2025

79,161

DEPRECIATION

At 1 April 2024

28,749

Charge for year

16,543

At 31 March 2025

45,292

NET BOOK VALUE

At 31 March 2025

33,869

At 31 March 2024

42,147

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

30,569

19,122

Other debtors

9,261

10,430

39,830

29,552

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

32,769

20,290

Other creditors

42,511

35,790

75,280

56,080