Company Registration No. 14706959 (England and Wales)
Trustpharm Limited
Filleted accounts
for the year ended 31 March 2025
Trustpharm Limited
Filleted accounts
Contents
Trustpharm Limited
Company Information
for the year ended 31 March 2025
Directors
Muneeb Akhtar
Farha Ashraf Piranie
Company Number
14706959 (England and Wales)
Registered Office
171 New Beacon Road
Grantham
NG31 9LJ
England
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
Trustpharm Limited
Statement of financial position
as at 31 March 2025
Intangible assets
268,240
301,770
Tangible assets
7,527
8,560
Cash at bank and in hand
204,269
104,379
Creditors: amounts falling due within one year
(463,346)
(155,946)
Net current (liabilities)/assets
(80,731)
158,797
Total assets less current liabilities
195,036
469,127
Creditors: amounts falling due after more than one year
-
(385,337)
Called up share capital
100
100
Profit and loss account
194,936
83,690
Shareholders' funds
195,036
83,790
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 13 December 2025 and were signed on its behalf by
Farha Ashraf Piranie
Director
Company Registration No. 14706959
Trustpharm Limited
Notes to the Accounts
for the year ended 31 March 2025
Trustpharm Limited is a private company, limited by shares, registered in England and Wales, registration number 14706959. The registered office is 171 New Beacon Road, Grantham, NG31 9LJ, England.
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.
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.
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:
Plant & machinery
20% Reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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.
Trustpharm Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
Charge for the year
33,530
5
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
98,845
138,270
Accrued income and prepayments
3,474
-
Amounts falling due after more than one year
Amounts due from group undertakings etc.
29,583
-
Trustpharm Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
253,541
11,595
Trade creditors
102,644
100,002
Amounts owed to group undertakings and other participating interests
12,011
-
Taxes and social security
49,988
34,079
Loans from directors
36,962
-
8
Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 8 (2024: 2).