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REGISTERED NUMBER: 07482726 (England and Wales)















NEXXUS TRADING SERVICES LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023






NEXXUS TRADING SERVICES LIMITED (REGISTERED NUMBER: 07482726)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NEXXUS TRADING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M A Deaville
M J Winnington
Mrs C K Hall
R M Harling





REGISTERED OFFICE: Unit 3-04
St Albans House Enterprise Centre
St Albans Road
Stafford
Staffordshire
ST16 3DP





REGISTERED NUMBER: 07482726 (England and Wales)

NEXXUS TRADING SERVICES LIMITED (REGISTERED NUMBER: 07482726)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 20,259 27,011

CURRENT ASSETS
Debtors 5 463,020 480,192
Cash at bank and in hand 543,053 197,855
1,006,073 678,047
CREDITORS
Amounts falling due within one year 6 (901,031 ) (622,482 )
NET CURRENT ASSETS 105,042 55,565
TOTAL ASSETS LESS CURRENT LIABILITIES 125,301 82,576

PROVISIONS FOR LIABILITIES (3,204 ) (4,271 )
NET ASSETS 122,097 78,305

CAPITAL AND RESERVES
Called up share capital 7 1 1
Capital contribution reserve 86,805 86,805
Retained earnings 35,291 (8,501 )
SHAREHOLDERS' FUNDS 122,097 78,305

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:





Mrs C K Hall - Director


NEXXUS TRADING SERVICES LIMITED (REGISTERED NUMBER: 07482726)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Nexxus Trading Services 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 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from the provision of care services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the date of the service.
Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Government grants
Government Grants in respect of Covid-19 received as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the company with no future related costs are recognised as income in the period in which the grant becomes receivable using the accruals model.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


NEXXUS TRADING SERVICES LIMITED (REGISTERED NUMBER: 07482726)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued
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.

Leases
Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 325 (2022 - 348 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 54,638
DEPRECIATION
At 1 April 2022 27,627
Charge for year 6,752
At 31 March 2023 34,379
NET BOOK VALUE
At 31 March 2023 20,259
At 31 March 2022 27,011

NEXXUS TRADING SERVICES LIMITED (REGISTERED NUMBER: 07482726)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 77,960 384,827
Tax 3,913 3,912
Called up share capital not paid 1 1
Accrued income 301,156 58,958
Prepayments 79,990 32,494
463,020 480,192

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 210,389 178,967
Tax 6,863 6,637
Social security and other taxes 70,029 95,821
Other creditors 106,341 91,209
Accrued expenses 121,845 113,355
Deferred income 385,564 136,493
901,031 622,482

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Stonier (Senior Statutory Auditor)
for and on behalf of Deans

9. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £569,112 (2022: £110,600).