Nexxus Trading Services Limited

	Page
Strategic Report	1—3
Directors' Report	4—5
Independent Auditor's Report	6—8
Profit and Loss Account	9
Statement of Comprehensive Income	10
Balance Sheet	11
Statement of Changes in Equity	12
Statement of Cash Flows	13
Notes to the Statement of Cash Flows	14
Notes to the Financial Statements	15—19

The directors present their strategic report for the year ended 31 March 2025.

Review of the Business

Strategic management

The purpose of Nexxus Care is:

To provide high quality and cost-effective care services.
To offer the Council a 'provider of last resort' in the event that there are no credible alternatives in the market, or that other care providers fail.
to afford the Council insights into the care market and the ability to pilot new technologies and new ways of working.

Nexxus Care’s strategic objectives are:

Provide commissioned activity.
Maintain and improve quality.
Balance the books.
Keep the staff happy.
Grow the business.
Help the Council to reduce costs.
Demonstrate best practice and pilot innovation.
Minimise our carbon footprint.

General principles

Nexxus Care will primarily provide care services on behalf of the Council, within the geographical area of the county. This will include services for older people, adults with learning disabilities and adults with mental health problems. The company will offer services to self-funders within the conditions of the ‘Teckal’ exemption.

Nexxus Care will provide care services in line with the Council’s commissioning intentions. This may include expansion of existing services, planned development of additional services, and some additional services taken on in the event of failure of other care providers.

Nexxus Care will seek where possible to offer services to the same specification as the independent sector, unless this is not possible due to legacy issues, a requirement to improve quality, or a requirement to be able to offer rapid access or other enhanced functions.

Divisional structure

Nexxus Care operates as three divisions: reablement and home care; Extra Care; and residential homes for older people and residential respite care for people with learning disabilities. The intention is that each of these is independently financially sustainable with minimal cross subsidy.

Reablement - The reablement service works with people for a period of a few weeks after a period of illness to maximise their independence and reduce reliance on longer term care services. It is predominantly a ‘step-up’ service for people in the community across the south of the county.

Home care - The home care service provides care and support to people with assessed eligible needs from a Cannock branch. Clients include Council funded, NHS funded and privately funded individuals. The home care service is on the Council’s standard contract and works to the same terms and conditions as independent sector providers.

Extra Care - The Extra Care service in 2024/25 included care and support at eight schemes: School Court (Cannock Chase), Brunel Court (South Staffordshire), Mill Rise (Newcastle under Lyme), Chestnut Grange (East Staffordshire), Beacon Park Village (Lichfield), Jubilee Court (Stafford) MacGregor Tithe (Tamworth) and Daisy Haye (Leek)

Residential homes for older people - Nexxus Care operates two residential homes for older adults with dementia: Meadowyrthe in Tamworth with 41 beds and Bracken House in Burntwood with 34 beds. Both homes offer a combination of long term, temporary and respite placements.

Residential respite care for people with learning disabilities - Nexxus Care operates two residential respite homes for people with learning disabilities: Woodland View in Cannock with 10 beds and Silver Birch in Burton on Trent with 5 beds. Both homes offer predominantly respite placements although there are a small number of longer-term clients.

Business Environment

Business Performance and KPIs

Challenges with recruitment and retention of staff have had a significant impact on service capacity, particularly on reablement. During 2024/25 this has improved following pay reviews and the introduction of innovative recruitment methods, and service capacity has been increasing.

Clients of the two residential respite care services for people with learning disabilities have complex needs and sometimes it was not possible to accept requests for respite stays and/or necessary to limit occupancy to ensure safe care. Nexxus Care continue to work with the Council to develop staff skills and modify the environment so that the services can accept more complex individuals and increase bed occupancy.

...CONTINUED

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Nexxus Trading Services Limited

Strategic Report (continued)

For The Year Ended 31 March 2025

Review of the Business - continued

The directors monitor and evaluate the performance of the business by reference to the following targets:

	Target	Performance
Provide commissioned reablement activity	550 hours	480 hours
Maintain and increase home care activity	157 clients	108 clients
	1400 hours	1250 hours
Maintain and increase extra care activity	114 clients	181 clients
	1717 hours	2100 hours
Maximise occupancy at residential homes for older adults	95% occupancy	95% occupancy
Maximise occupancy in respite care for people with learning disabilities	90% occupancy	57% occupancy

In the reablement service during 2024/25, 587 people started a reablement episode, 489 completed a reablement episode and 98 did not complete the reablement episode as they were deceased or readmitted to hospital. Of those that completed a reablement episode, 62% required no ongoing funded care or a reduced level of funded care compared to what they required at the beginning of the episode. This saved the Council up to £2.8M annually in longer term home care costs.

In home care Nexxus Care assists the Council to reduce non-contracted packages by taking on these clients wherever possible. This allows proper quality assurance, gives a guarantee of continuity of care, and often reduces costs. Nexxus Care also follows the Trusted Assessor model which allows clients’ care and support to be flexed up and down depending on their needs. Any requirements for increases in hours and opportunities for decreases in hours are pursued as part of routine management of the service.

Nexxus Care has maintained high bed occupancy at Meadowyrthe and Bracken House. At the last cost of care exercise unit costs were comparable to the independent sector after taking into account that some staff remain on Council terms and conditions. Nexxus Care are working with the Council to repeat the cost of care exercise in 2025/26.

Achievements

Nexxus Care’s key achievements during 2024/25 include:

Successfully mobilised an additional Extra Care scheme – Daisy Haye
Successfully mobilised a day service within Meadowrythe care home as a provider of last resort response, providing capacity for 8 people per day.
Extensive refurbishment of Meadowyrthe and Bracken House with a significant improvement in the quality of the environment.
Significant focussed quality improvement at Meadowyrthe and Bracken House with support from the Council’s provider incident response team, following which both care homes have completed their improvement plans.
Embedding of the new compliance system has facilitated an increase in overall compliance with references, DBS checks, training and other requirements from 93% to 98%.
Significant increase to available training for all staff employed by Nexxus Care including apprenticeships, paid external training and funded training.

Planned developments for 2025/26

Nexxus Care is planning the following service developments and innovations during 2025/26:

Continue to recruit to the reablement service in order to reach commissioned capacity.
Determine and implement new arrangements for nighttime cover at Extra Care schemes to reduce costs and ensure that these are financially sustainable.
Develop a plan with the Council to maximise bed occupancy at the two residential respite homes for people with learning disabilities.
Develop a plan with the Council to pilot and roll out digital innovation, particulary in the care homes, which is expected early 2025/26.
The Council will be recommissoning Supported Living care services and it is possible that it may request that Nexxus Care provide some of these.

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Nexxus Trading Services Limited

Strategic Report (continued)

For The Year Ended 31 March 2025

Principal Risks and Uncertainties

Recruitment and retention of staff remains a challenge. In order to attract and staff the following improvements have been completed or are underway:

Nexxus Care’s recruitment team has increased their capacity to support maintenance of services and expansion of the business. The team continues to explore innovative ways to recruit and retain, informed by service managers and feedback from staff themselves. The focus has been on reablement services and the two residential homes for older people.
Improvements have been made to the Applicant Tracking System to improve candidate experience, reduce time to hire and reduce manual input.
There has been a significant increase to available training for all staff employed by Nexxus Care including apprenticeships, paid external training and funded training.
Exit interviews are carried out to identify any common issues and highlight any concerns that might have contributed to a decision to leave.

Quality of care at residential homes for older people. Both Meadowyrthe and Bracken House have been rated “Requires Improvement” for a prolonged period. In order to be confident of securing an overall rating of “Good” at the next CQC inspection:

Both care homes have had visits from the Council’s provider improvement response team to assist with quality improvement and been signed off.
Engagement sessions have taken place with staff to understand what’s working well, ongoing issues and opportunities to improve, with actions captured in improvement plans.
Both care homes have improvement plans with oversight by operational leads.
Nexxus Care is working closely with the Council’s property team to ensure completion of works to address the environmental issues identified at CQC inspection.
All staff have undertaken additional training to address issues with undertaking and recording Mental Capacity Act and Best Interests decisions identified at CQC inspection.

The Council will require Nexxus Care to respond to the need for further service developments, both planned developments and reactive developments in the event of failure of other providers. To date the transfer of services has been managed successfully. Nexxus Care may need to consider investment in project management capacity to ensure that new services can be mobilised without compromising the operation of existing services. Dependant on the service, a full options appraisal and risk overview would need to be conducted, particularly for a new service that Nexxus Care do not currently provide. This would also support innovations such as the introduction of new technologies.

On behalf of the board

Mrs C K Hall

Director

7 November 2025

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Nexxus Trading Services Limited

Company No. 07482726

Directors' Report For The Year Ended 31 March 2025

Directors' Report

The directors present their report and the financial statements for the year ended 31 March 2025.

Principal Activity

The company's principal activity continues to be that of domiciliary care and residential care homes.

Directors

The directors who held office during the year were as follows:

Mr M A Deaville	Resigned	14/10/2024
Mr M J Winnington	Resigned	12/05/2025
Mrs C K Hall
Dr R M Harling	Resigned	14/10/2024
Mr P J Shakespear	Resigned	03/06/2024
Mrs K Ross	Appointed	20/11/2024
Mrs J Targett	Appointed	20/11/2024
Mr M Sutherland	Appointed	20/11/2024	Resigned	03/05/2025
Mrs T Drinkwater	Appointed	20/11/2024

Matters covered in the Strategic Report

Disclosures required under s416(4) of the Companies Act 2006 are commented upon in the Strategic Report as the directors consider them to be of strategic importance to the business.

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

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Nexxus Trading Services Limited

Directors' Report (continued)

For The Year Ended 31 March 2025

Independent Auditors

The auditors, Deans Chartered Accountants, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mrs C K Hall

Director

7 November 2025

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Independent Auditor's Report

to the Members of

Nexxus Trading Services Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Nexxus Trading Services Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

Nexxus Trading Services Limited

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 4—5, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Inspection of board minutes both during and after the reporting period to identify any discussions of non-compliance;
Communication with management before, during and after the audit fieldwork to confirm instances of non-compliance;
Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluation of the business rationale of significant transactions outside the normal course of business;
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Richard Stonier (Senior Statutory Auditor)

for and on behalf of Deans Chartered Accountants , Statutory Auditor

11 November 2025

...CONTINUED

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Independent Auditor's Report (continued)

to the Members of

Nexxus Trading Services Limited

Deans Chartered Accountants

Gibson House

Hurricane Court

Hurricane Close

Stafford

ST16 1GZ

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Nexxus Trading Services Limited

Profit and Loss Account

For The Year Ended 31 March 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER	3	12,034,543	10,761,530
Cost of sales		(9,659,345 )	(8,419,271 )

GROSS PROFIT		2,375,198	2,342,259

Administrative expenses		(2,865,138 )	(2,703,673 )
Other operating income		378,917	376,105

OPERATING (LOSS)/PROFIT	5	(111,023 )	14,691
Interest payable and similar charges	10	(9,588 )	(11,562 )

(LOSS)/PROFIT BEFORE TAXATION		(120,611 )	3,129
Tax on (Loss)/profit	11	(7,358 )	(2,775 )

(LOSS)/PROFIT AFTER TAXATION BEING (LOSS)/PROFIT FOR THE FINANCIAL YEAR		(127,969 )	354

The notes on pages 14 to 19 form part of these financial statements.

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Nexxus Trading Services Limited

Statement of Comprehensive Income

For The Year Ended 31 March 2025

Statement of Comprehensive Income

	2025	2024
	£	£
LOSS FOR THE FINANCIAL YEAR	(127,969 )	354
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	(127,969 )	354

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Nexxus Trading Services Limited

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 07482726

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	12		55,193		17,732

			55,193		17,732
CURRENT ASSETS
Debtors	13	880,785		1,199,493
Cash at bank and in hand		404,829		346,605

		1,285,614		1,546,098
Creditors: Amounts Falling Due Within One Year	14	(1,083,004 )		(1,437,583 )

NET CURRENT ASSETS (LIABILITIES)			202,610		108,515

TOTAL ASSETS LESS CURRENT LIABILITIES			257,803		126,247

PROVISIONS FOR LIABILITIES
Deferred Taxation	15		(13,321 )		(3,796 )

NET ASSETS			244,482		122,451

CAPITAL AND RESERVES
Called up share capital	17		1		1
Capital redemption reserve			336,805		86,805
Profit and Loss Account			(92,324 )		35,645

SHAREHOLDERS' FUNDS			244,482		122,451

On behalf of the board

Mrs C K Hall

Director

7 November 2025

The notes on pages 14 to 19 form part of these financial statements.

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Nexxus Trading Services Limited

Statement of Changes in Equity

For The Year Ended 31 March 2025

Statement of Changes in Equity

	Share Capital	Capital Redemption	Profit and Loss Account	Total
	£	£	£	£
As at 1 April 2023	1	86,805	35,291	122,097
Profit for the year and total comprehensive income	-	-	354	354

As at 31 March 2024 and 1 April 2024	1	86,805	35,645	122,451


Loss for the year and total comprehensive income	-	-	(127,969 )	(127,969)

Transfer to/from Profit & Loss Account	-	250,000	-	250,000

As at 31 March 2025	1	336,805	(92,324 )	244,482

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Nexxus Trading Services Limited

Statement of Cash Flows

For The Year Ended 31 March 2025

Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from/(used in) operations	1	120,909	(174,665 )
Interest paid		(9,588 )	(11,562 )
Tax paid		(2,168 )	(6,849 )

Net cash generated from/(used in) operating activities		109,153	(193,076 )

Cash flows from investing activities
Purchase of tangible assets		(50,917 )	(3,384 )



Increase/(decrease) in cash and cash equivalents		58,236	(196,460 )
Cash and cash equivalents at beginning of year	2	346,593	543,053

Cash and cash equivalents at end of year	2	404,829	346,593

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Nexxus Trading Services Limited

Notes to the Statement of Cash Flows

For The Year Ended 31 March 2025

Notes to the Statement of Cash Flows

1. Reconciliation of (loss)/profit for the financial year to cash generated from/(used in) operations

	2025	2024
	£	£
(Loss)/profit for the financial year	(127,969 )	354
Adjustments for:
Tax on (loss)/profit	7,358	2,775
Interest expense	9,588	11,562
Depreciation of tangible assets	13,456	5,911
Movements in working capital:
Decrease/(increase) in trade and other debtors	320,875	(736,474 )
(Decrease)/increase in trade and other creditors	(102,399 )	541,207

Net cash generated from/(used in) operations	120,909	(174,665 )

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	404,829	346,605
Overdraft facilities repayable on demand	-	(12 )

Cash and cash equivalents as stated in the Statement of Cash Flows	404,829	346,593

3. Analysis of changes in net funds

	As at 1 April 2024	Cash flows	As at 31 March 2025
	£	£	£
Cash at bank and in hand	346,605	58,224	404,829
Overdraft facilities repayable on demand	(12)	12	-

Cash and cash equivalents	346,593	58,236	404,829

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Nexxus Trading Services Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Nexxus Trading Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07482726 . The registered office is Unit 3-04 St Albans House Enterprise Centre, St Albans Road, Stafford, ST16 3DP.

2. Accounting Policies

2.1. Basis of Preparation of 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" 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.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributeable to making the asset capable of operating as intended. Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.

Plant & Machinery	15% on reducing balance
Fixtures & Fittings	15% on reducing balance
Computer Equipment	25% on reducing balance

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.6. 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 assesments in periods different from those in which they aare 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.

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Nexxus Trading Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. 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.

2.8. 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.

2.9. 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.

3. Turnover

Analysis of turnover by class of business is as follows:

	2025	2024
	£	£
Other contracts	828,064	744,943
SCC contracts	11,206,479	10,016,587

	12,034,543	10,761,530

4. Other Operating Income

	2025	2024
	£	£
Other operating income	378,917	376,105

	378,917	376,105

5. Operating (Loss)/profit

The operating (loss)/profit is stated after charging:

	2025	2024
	£	£
Bad debts	-	328
Depreciation of tangible fixed assets	13,456	5,911

6. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	12,000	11,376

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Nexxus Trading Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	9,691,356	8,193,557
Social security costs	121,513	112,364
Other pension costs	24,019	21,354

	9,836,888	8,327,275

8. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Care staff	434	349
Branch Administration	33	33
HQ function support	13	13

	480	395

9. Directors' remuneration

	2025	2024
	£	£
Emoluments	96,064	93,488
Company contributions to money purchase pension schemes	1,321	1,321

	97,385	94,809

10. Interest Payable and Similar Charges

	2025	2024
	£	£
Bank loans and overdrafts	9,588	11,562

11. Tax on Profit

	Tax Rate		2025	2024
The tax charge on the (loss)/profit for the year was as follows:
	2025	2024	£	£
Current tax
UK Corporation Tax	19.0%	19.0%	-	2,183
Prior period adjustment			(2,167 )	-

			(2,167 )	2,183
Deferred Tax
Origination and reversal of timing differences			9,525	592


Total tax charge for the period			7,358	2,775


The actual charge for the year can be reconciled to the expected (credit)/charge for the year based on the (loss)/profit and the standard rate of corporation tax as follows:

...CONTINUED

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Nexxus Trading Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

	2025	2024
	£	£
Profit before tax	(120,611)	3,129

Tax on profit at 19% (UK standard rate)	(22,916 )	595
Goodwill/depreciation not allowed for tax	2,557	1,123
Expenses not deductible for tax purposes	554	1,108
Tax losses utilised	2,183	-
Capital allowances	(9,665 )	(643 )
Short term timing differences	9,525	592
Prior period adjustment	(2,167 )	-
Tax losses unutilised carried forward	27,287	-

Total tax charge for the period	7,358	2,775

12. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	-	-	58,022	58,022
Additions	24,247	12,810	13,860	50,917

As at 31 March 2025	24,247	12,810	71,882	108,939

Depreciation
As at 1 April 2024	-	-	40,290	40,290
Provided during the period	3,637	1,921	7,898	13,456

As at 31 March 2025	3,637	1,921	48,188	53,746

Net Book Value
As at 31 March 2025	20,610	10,889	23,694	55,193

As at 1 April 2024	-	-	17,732	17,732

13. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	22,472	17,518
Prepayments and accrued income	386,122	367,706
Other debtors	2,005	-
Corporation tax recoverable assets	6,079	3,912
Called up share capital not paid	1	1
Amounts owed by group undertakings	464,106	810,356

	880,785	1,199,493

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Nexxus Trading Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

14. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	103,719	218,269
Bank loans and overdrafts	-	12
Amounts owed to group undertakings	-	250,000
Other creditors	218,051	205,006
Corporation tax	28	2,196
Taxation and social security	159,794	142,045
Accruals and deferred income	601,412	620,055

	1,083,004	1,437,583

15. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	13,321	3,796

16. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2024	3,796	3,796
Origination and reversal of timing differences	9,525	9,525

Balance at 31 March 2025	13,321	13,321

17. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
1 Ordinary Shares of £ 1.00 each	1	1

18. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £24,019 (2024: £21,354).

At the balance sheet date contributions of £47,257 (2024: £38,734) were due to the fund and are included in creditors.

19. Controlling Parties

The company's ultimate controlling party is Staffordshire County Council by virtue of their interest in the share capital of the company.

20. Other financial commitments

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £181,817 (2024: £349,612).

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