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Registration number: 09006266

Trust Nurse Services Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Trust Nurse Services Ltd

Contents

Company Information

1

Management Accountants' Report

2

Balance Sheet

3

Statement of Changes in Equity

4

Notes to the Financial Statements

5 to 9

 

Trust Nurse Services Ltd

Company Information

Directors

Mr David Gerrit Van Der Vegt

Mr Keith Joseph McDonagh

Mr John Matthew Hannon

Registered office

Caxton Point
Caxton Way
Stevenage
Hertfordshire
SG1 2XU

Accountants

Robert A Harris & Co
Mr R A Harris BA ACMABusiness & Technology Centre
Bessemer Drive
Stevenage
Herts
SG1 2DX

 

Chartered Management Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Trust Nurse Services Ltd
for the Year Ended 30 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Trust Nurse Services Ltd for the year ended 30 April 2024 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants (CIMA), we are subject to its ethical and other professional requirements. Details of these can be found at www.aicpa-cima.com

This report is made solely to the Board of Directors of Trust Nurse Services Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Trust Nurse Services Ltd and state those matters that we have agreed to state to the Board of Directors of Trust Nurse Services Ltd, as a body . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Trust Nurse Services Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Trust Nurse Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Trust Nurse Services Ltd. You consider that Trust Nurse Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Trust Nurse Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Robert A Harris & Co
Mr R A Harris BA ACMA
Business & Technology Centre
Bessemer Drive
Stevenage
Herts
SG1 2DX

23 January 2025

 

Trust Nurse Services Ltd

(Registration number: 09006266)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

59

3,187

Current assets

 

Debtors

6

984,962

1,025,529

Cash at bank and in hand

 

901,725

711,939

 

1,886,687

1,737,468

Creditors: Amounts falling due within one year

7

(776,082)

(811,920)

Net current assets

 

1,110,605

925,548

Net assets

 

1,110,664

928,735

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

1,110,663

928,734

Shareholders' funds

 

1,110,664

928,735

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 January 2025 and signed on its behalf by:
 

.........................................
Mr David Gerrit Van Der Vegt
Director

   
     
 

Trust Nurse Services Ltd

Statement of Changes in Equity for the Year Ended 30 April 2024

Share capital
£

Retained earnings
£

Total
£

At 1 May 2023

1

928,734

928,735

Profit for the year

-

181,929

181,929

At 30 April 2024

1

1,110,663

1,110,664

Share capital
£

Retained earnings
£

Total
£

At 1 May 2022

1

714,760

714,761

Profit for the year

-

406,974

406,974

Dividends

-

(193,000)

(193,000)

At 30 April 2023

1

928,734

928,735

 

Trust Nurse Services Ltd

Notes to the Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Caxton Point
Caxton Way
Stevenage
Hertfordshire
SG1 2XU

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The accounts are prepared in Sterling and all monetary amounts are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Trust Nurse Services Ltd

Notes to the Financial Statements for the Year Ended 30 April 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

straight line 33.3%

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Trust Nurse Services Ltd

Notes to the Financial Statements for the Year Ended 30 April 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2023 - 12).

 

Trust Nurse Services Ltd

Notes to the Financial Statements for the Year Ended 30 April 2024

4

Intangible assets

Cost or valuation

Amortisation

Carrying amount

At 30 April 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

36,697

36,697

At 30 April 2024

36,697

36,697

Depreciation

At 1 May 2023

33,510

33,510

Charge for the year

3,128

3,128

At 30 April 2024

36,638

36,638

Carrying amount

At 30 April 2024

59

59

At 30 April 2023

3,187

3,187

6

Debtors

Current

2024
£

2023
£

Trade debtors

731,782

902,947

Prepayments

3,333

3,983

Other debtors

249,847

118,599

 

984,962

1,025,529

 

Trust Nurse Services Ltd

Notes to the Financial Statements for the Year Ended 30 April 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

trade creditors

 

15,995

40,615

Director's Current Account

9

-

728

Taxation and social security

 

29,048

25,316

Other creditors

 

731,039

745,261

 

776,082

811,920

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £0.10 each

10

1

10

1

       

9

Related party transactions

Include in Other Debtors at the year end, is an amount of £182,296 due from the director.

This was settled in July 2024 by the director and sole shareholder.

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

8,832

8,832

Dividends paid to directors

 

2024
£

2023
£

Miss Siobhan Johnson

   

Interim Dividend

-

87,500