THE PROFESSIONAL DEPUTY SERVICE TRUST CO - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10377227 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2022

for

THE PROFESSIONAL DEPUTY SERVICE TRUST

CORPORATION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N S Cawthorn

J J Cawthorn

W D D Peck

SECRETARY:

Ms. J A R Garthwaite

REGISTERED OFFICE:

The Blue Farmhouse

86 - 90 Cumberland Street

Woodbridge

Suffolk

IP12 4AE

REGISTERED NUMBER:

10377227 (England and Wales)

FIXED ASSETS

Tangible assets

4

2,394

2,522

CURRENT ASSETS

Debtors

5

2,910

132,462

Cash at bank

92,412

11,502

95,322

143,964

CREDITORS

Amounts falling due within one year

6

12,311

53,669

NET CURRENT ASSETS

83,011

90,295

TOTAL ASSETS LESS CURRENT LIABILITIES

85,405

92,817

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Retained earnings

(14,595

)

(7,183

)

85,405

92,817

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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 7th November 2022 and were signed on its behalf by:

N S Cawthorn - Director

1.	STATUTORY INFORMATION

THE PROFESSIONAL DEPUTY SERVICE TRUST CORPORATION LIMITED is a private company, limited by shares , registered in England and Wales. 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 represents the invoiced value of fees for services provided, exclusive of allowances and value added tax. Turnover is recognised when the company acquires an irrefutable right to receive consideration for the services provided in a specified period of time, within, or ending on the last day of, the accounting reference period.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided on a straight line basis at rates estimated to write down the assets to their anticipated residual values, if any, over their expected useful lives. The rate generally used is 25%.

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 within the next accounting period.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2021 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Tangible fixed assets are stated at cost, less accumulated depreciation. Depreciation is provided on a straight line basis at rates estimated to write down the assets to their anticipated residual value, if any, at the end of their expected useful lives. The rate of depreciation generally used is 25%.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

-

8,258

Other debtors

2,910

124,204

2,910

132,462

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade creditors

327

980

Taxation and social security

11,984

13,312

Other creditors

-

39,377

12,311

53,669