Trust Solutions Limited - Limited company - abbreviated - 11.6

Trust Solutions Limited - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 04035411 (England and Wales)











Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

Trust Solutions Limited

Trust Solutions Limited (Registered number: 04035411)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Trust Solutions Limited

Company Information
for the Year Ended 31 March 2015







DIRECTOR: S R T Freeman





SECRETARY: N W Freeman





REGISTERED OFFICE: 4-5 Bridge Street
Bath
Avon
BA2 4AS





REGISTERED NUMBER: 04035411 (England and Wales)





ACCOUNTANTS: Monahans
Chartered Accountants
Fortescue House
Court Street
Trowbridge
Wiltshire
BA14 8FA

Trust Solutions Limited (Registered number: 04035411)

Abbreviated Balance Sheet
31 March 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 432,000 486,000
Tangible assets 3 9,280 8,012
441,280 494,012

CURRENT ASSETS
Stocks 4,350 4,350
Debtors 41,577 37,105
Cash at bank 34,908 39,888
80,835 81,343
CREDITORS
Amounts falling due within one year 338,152 494,182
NET CURRENT LIABILITIES (257,317 ) (412,839 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

183,963

81,173

PROVISIONS FOR LIABILITIES 1,574 1,602
NET ASSETS 182,389 79,571

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 182,289 79,471
SHAREHOLDERS' FUNDS 182,389 79,571

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Solutions Limited (Registered number: 04035411)

Abbreviated Balance Sheet - continued
31 March 2015


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 5 October 2015 and were signed by:





S R T Freeman - Director


Trust Solutions Limited (Registered number: 04035411)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

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 - 15% on reducing balance
Computer equipment - 20% on straight line basis

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014
and 31 March 2015 540,000
AMORTISATION
At 1 April 2014 54,000
Amortisation for year 54,000
At 31 March 2015 108,000
NET BOOK VALUE

At 31 March 2015 432,000
At 31 March 2014 486,000

Trust Solutions Limited (Registered number: 04035411)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014 10,142
Additions 3,596
At 31 March 2015 13,738
DEPRECIATION
At 1 April 2014 2,130
Charge for year 2,328
At 31 March 2015 4,458
NET BOOK VALUE
At 31 March 2015 9,280
At 31 March 2014 8,012

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Class 1 1 100 100