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REGISTERED NUMBER: 05689439 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TRUST HEALTH LIMITED

TRUST HEALTH LIMITED (REGISTERED NUMBER: 05689439)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRUST HEALTH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs S Barr
P Howard
B J Milstead





REGISTERED OFFICE: Park House
North Street
Horsham
West Sussex
RH12 1RN





REGISTERED NUMBER: 05689439 (England and Wales)





ACCOUNTANTS: Galloways Accounting
First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY

TRUST HEALTH LIMITED (REGISTERED NUMBER: 05689439)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,128 15,496
Investments 5 138,374 66
148,502 15,562

CURRENT ASSETS
Debtors 6 384,492 326,221
Cash at bank and in hand 1,258,113 678,710
1,642,605 1,004,931
CREDITORS
Amounts falling due within one year 7 396,005 207,856
NET CURRENT ASSETS 1,246,600 797,075
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,395,102

812,637

PROVISIONS FOR LIABILITIES 9 44,264 12,679
NET ASSETS 1,350,838 799,958

CAPITAL AND RESERVES
Called up share capital 10 6,722 6,524
Share premium 555,045 547,255
Retained earnings 789,071 246,179
SHAREHOLDERS' FUNDS 1,350,838 799,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

TRUST HEALTH LIMITED (REGISTERED NUMBER: 05689439)

BALANCE SHEET - continued
31 DECEMBER 2023


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 28 March 2024 and were signed on its behalf by:





Mrs S Barr - Director


TRUST HEALTH LIMITED (REGISTERED NUMBER: 05689439)

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

1. STATUTORY INFORMATION

Trust Health 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.

Preparation of consolidated financial statements
The financial statements contain information about Trust Health Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - at varying rates on cost
Computer equipment - at varying rates on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 21 (2022 - 19 ) .

TRUST HEALTH LIMITED (REGISTERED NUMBER: 05689439)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 15,587 87,437 103,024
Additions - 3,305 3,305
At 31 December 2023 15,587 90,742 106,329
DEPRECIATION
At 1 January 2023 8,225 79,303 87,528
Charge for year 2,310 6,363 8,673
At 31 December 2023 10,535 85,666 96,201
NET BOOK VALUE
At 31 December 2023 5,052 5,076 10,128
At 31 December 2022 7,362 8,134 15,496

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023 66
Additions 138,308
At 31 December 2023 138,374
NET BOOK VALUE
At 31 December 2023 138,374
At 31 December 2022 66

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 115,137 93,994
Amounts owed by group undertakings 14,604 106,881
Other debtors 3,310 3,310
Prepayments and accrued income 251,441 122,036
384,492 326,221

TRUST HEALTH LIMITED (REGISTERED NUMBER: 05689439)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 25,731 5,550
Tax 247,957 94,891
Social security and other taxes 34,780 35,478
VAT 67,986 41,669
Other creditors 4,119 8,466
Accruals and deferred income 15,432 21,802
396,005 207,856

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 37,000 10,644
Between one and five years 10,644 -
47,644 10,644

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax
Accelerated capital allowances 2,532 4,679
Sales rebates 41,732 8,000
44,264 12,679

Deferred
tax
£   
Balance at 1 January 2023 4,679
Credit to Income Statement during year (2,147 )
Balance at 31 December 2023 2,532

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
67,221 Ordinary £0.10 6,722 6,524

1,985 Ordinary shares of £0.10 each were allotted as fully paid at a premium of £3.92 per share during the year.