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REGISTERED NUMBER: 05023487















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

TRUSTING HANDS LIMITED

TRUSTING HANDS LIMITED (REGISTERED NUMBER: 05023487)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRUSTING HANDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mrs H E Vowles
Mrs S B Lewis
D Vowles





SECRETARY: Mrs H E Vowles





REGISTERED OFFICE: The Old Surgery
Excelsior Street
Waunlwyd
Ebbw Vale
NP23 6TT





REGISTERED NUMBER: 05023487





ACCOUNTANTS: Baker Knoyle Chartered Accountants
Orbit Business Centre
Merthyr Tydfil
CF48 1DL

TRUSTING HANDS LIMITED (REGISTERED NUMBER: 05023487)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,759 10,818

CURRENT ASSETS
Stocks 23,676 -
Debtors 5 162,993 99,605
Cash at bank and in hand 116,785 100,265
303,454 199,870
CREDITORS
Amounts falling due within one year 6 131,338 110,357
NET CURRENT ASSETS 172,116 89,513
TOTAL ASSETS LESS CURRENT
LIABILITIES

188,875

100,331

CREDITORS
Amounts falling due after more than one
year

7

6,435

12,594
NET ASSETS 182,440 87,737

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 182,340 87,637
182,440 87,737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

TRUSTING HANDS LIMITED (REGISTERED NUMBER: 05023487)

BALANCE SHEET - continued
31 MAY 2024


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 19 September 2024 and were signed on its behalf by:





Mrs H E Vowles - Director


TRUSTING HANDS LIMITED (REGISTERED NUMBER: 05023487)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Trusting Hands Limited is a private company, limited by shares. 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 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.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

TRUSTING HANDS LIMITED (REGISTERED NUMBER: 05023487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2023 - 64 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 42,591
Additions 8,987
At 31 May 2024 51,578
DEPRECIATION
At 1 June 2023 31,773
Charge for year 3,046
At 31 May 2024 34,819
NET BOOK VALUE
At 31 May 2024 16,759
At 31 May 2023 10,818

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,811 22,085
Amounts owed by group undertakings 101,145 72,534
Other debtors 43,037 4,986
162,993 99,605

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,021 5,854
Trade creditors 5,230 4,421
Taxation and social security 31,495 15,703
Other creditors 88,592 84,379
131,338 110,357

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 6,435 12,594

TRUSTING HANDS LIMITED (REGISTERED NUMBER: 05023487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. RESERVES
Retained
earnings
£   

At 1 June 2023 87,637
Profit for the year 99,148
Dividends (4,445 )
At 31 May 2024 182,340

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mrs H E Vowles and D Vowles
Balance outstanding at start of year (544 ) (6,782 )
Amounts advanced 43,074 6,238
Amounts repaid (4,001 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 38,529 (544 )

Mrs S B Lewis
Balance outstanding at start of year (38,858 ) (38,671 )
Amounts advanced 282 -
Amounts repaid (445 ) (187 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (39,021 ) (38,858 )