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REGISTERED NUMBER: 05297950 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

TRENT-SERVICES (ADMINISTRATION) LIMITED

TRENT-SERVICES (ADMINISTRATION) LIMITED (REGISTERED NUMBER: 05297950)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TRENT-SERVICES (ADMINISTRATION) LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTORS: B Hall
M J Hill
J E Ledamun
K N Phillips
G M Phillips
J S Woodley





SECRETARY: K N Phillips





REGISTERED OFFICE: Trent House
Cirencester Business Park
Love Lane
Cirencester
GL7 1XD





REGISTERED NUMBER: 05297950 (England and Wales)





AUDITORS: Kingscott Dix (Cheltenham) Limited
Statutory Auditor
Chartered Accountants
7 Rockfield Business Park
Old Station Drive
Leckhampton
Cheltenham
GL53 0AN

TRENT-SERVICES (ADMINISTRATION) LIMITED (REGISTERED NUMBER: 05297950)

BALANCE SHEET
30 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 14,771 22,899
Investments 5 65,968 90,968
80,739 113,867

CURRENT ASSETS
Debtors 6 515,009 600,034
Cash at bank 344,391 121,334
859,400 721,368
CREDITORS
Amounts falling due within one year 7 (259,312 ) (484,869 )
NET CURRENT ASSETS 600,088 236,499
TOTAL ASSETS LESS CURRENT
LIABILITIES

680,827

350,366

PROVISIONS FOR LIABILITIES 9 (3,400 ) (3,800 )
NET ASSETS 677,427 346,566

CAPITAL AND RESERVES
Called up share capital 10 400 400
Retained earnings 677,027 346,166
SHAREHOLDERS' FUNDS 677,427 346,566

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 23 July 2024 and were signed on its behalf by:





J S Woodley - Director


TRENT-SERVICES (ADMINISTRATION) LIMITED (REGISTERED NUMBER: 05297950)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Trent-Services (Administration) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
No significant judgements or estimations have been used in preparing the financial statements.

Turnover
Turnover comprises the contracted net commission due on business underwritten in the year, fees generated from the administration of insurance services provided in the year, and contingent commissions once agreed with an insurer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 33% on cost, 25% on cost and 20% on cost

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

Investments are being impaired on a straight line basis over 4 years.

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.

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.

TRENT-SERVICES (ADMINISTRATION) LIMITED (REGISTERED NUMBER: 05297950)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2022 - 39 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 December 2022 146,738
Additions 7,164
At 30 November 2023 153,902
DEPRECIATION
At 1 December 2022 123,839
Charge for year 15,292
At 30 November 2023 139,131
NET BOOK VALUE
At 30 November 2023 14,771
At 30 November 2022 22,899

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022 90,968
Impairments (25,000 )
At 30 November 2023 65,968
NET BOOK VALUE
At 30 November 2023 65,968
At 30 November 2022 90,968

TRENT-SERVICES (ADMINISTRATION) LIMITED (REGISTERED NUMBER: 05297950)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

DMS Agency Services Limited
Registered office: Trent House, Cirencester Business Park, Love Lane, Cirencester, GL7 1XD
Nature of business: Insurance
%
Class of shares: holding
Ordinary 100.00
2023 2022
£    £   
Aggregate capital and reserves 14,765 14,674
Profit for the year 18,091 20,192

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 394,245 499,243
Other debtors 120,764 100,791
515,009 600,034

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 31,593 350,435
Taxation and social security 187,024 101,402
Other creditors 40,695 33,032
259,312 484,869

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 38,733 52,190
Between one and five years 53,833 91,833
92,566 144,023

During the year the company incurred costs under operating leases of £52,190 (2022 - £53,480).

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 3,400 3,800

TRENT-SERVICES (ADMINISTRATION) LIMITED (REGISTERED NUMBER: 05297950)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 December 2022 3,800
Credit to Profit and Loss Account during year (400 )
Balance at 30 November 2023 3,400

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
400 Ordinary £1 400 400

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

The Report of the Auditors was unqualified.

Gwyneth Milner (Senior Statutory Auditor)
for and on behalf of Kingscott Dix (Cheltenham) Limited

12. ULTIMATE CONTROLLING PARTY

No one individual controls the company.