Company Registration No. 10657582 (England and Wales)
Trust'd Motors Ltd
Unaudited accounts
for the year ended 31 March 2025
Trust'd Motors Ltd
Unaudited accounts
Contents
Trust'd Motors Ltd
Company Information
for the year ended 31 March 2025
Directors
Gary Mo
Jason Chi Tak Lee
Company Number
10657582 (England and Wales)
Registered Office
UNIT A TILSON ROAD
ROUNDTHORN INDUSTRIAL ESTATE
MANCHESTER
M23 9GF
UNITED KINGDOM
Accountants
Lams Accountants
20 Burton Road
Didsbury
Manchester
Greater Manchester
M20 3ED
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Trust'd Motors Ltd
for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Trust'd Motors Ltd for the year ended
31 March 2025 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Trust'd Motors Ltd, as a body, in accordance with the terms of our engagement letter dated 1 July 2017. Our work has been undertaken solely to prepare for your approval the accounts of Trust'd Motors Ltd and state those matters that we have agreed to state to the Board of Directors of Trust'd Motors Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Trust'd Motors Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Trust'd Motors Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Trust'd Motors Ltd. You consider that Trust'd Motors Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Trust'd Motors Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Lams Accountants
Chartered Certified Accountants
20 Burton Road
Didsbury
Manchester
Greater Manchester
M20 3ED
13 June 2025
Trust'd Motors Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
1,724
2,155
Inventories
347,617
313,606
Cash at bank and in hand
65,295
49,517
Creditors: amounts falling due within one year
(305,635)
(285,438)
Net current assets
107,278
77,786
Total assets less current liabilities
109,002
79,941
Creditors: amounts falling due after more than one year
(30,590)
(30,000)
Called up share capital
1
1
Profit and loss account
78,411
49,940
Shareholders' funds
78,412
49,941
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by
Gary Mo
Director
Company Registration No. 10657582
Trust'd Motors Ltd
Notes to the Accounts
for the year ended 31 March 2025
Trust'd Motors Ltd is a private company, limited by shares, registered in England and Wales, registration number 10657582. The registered office is UNIT A TILSON ROAD, ROUNDTHORN INDUSTRIAL ESTATE, MANCHESTER, M23 9GF, UNITED KINGDOM.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Fixtures & fittings
20% Reducing Balance
4
Tangible fixed assets
Fixtures & fittings
Trust'd Motors Ltd
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Accrued income and prepayments
1
1
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
11,667
21,667
Trade creditors
276,567
227,789
Taxes and social security
7,159
6,179
Loans from directors
1,997
1,373
7
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
30,590
30,000
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).