Trust Solutions Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04035411 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

Trust Solutions Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

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

Clarks Mill

Stallard Street

Trowbridge

Wiltshire

BA14 8HH

FIXED ASSETS

Intangible assets

2

486,000

Tangible assets

3

8,012

494,012

CURRENT ASSETS

Stocks

4,350

Debtors

37,105

Cash at bank

39,888

81,343

CREDITORS

Amounts falling due within one year

494,182

NET CURRENT LIABILITIES

(412,839

)

TOTAL ASSETS LESS CURRENT LIABILITIES

81,173

PROVISIONS FOR LIABILITIES

1,602

NET ASSETS

79,571

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

79,471

SHAREHOLDERS' FUNDS

79,571

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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.

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 30 September 2014 and were signed by:

S R T Freeman - Director

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

Additions

540,000

At 31 March 2014

540,000

AMORTISATION

Amortisation for year

54,000

At 31 March 2014

54,000

NET BOOK VALUE

At 31 March 2014

486,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

10,142

At 31 March 2014

10,142

DEPRECIATION

Charge for year

2,130

At 31 March 2014

2,130

NET BOOK VALUE

At 31 March 2014

8,012

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Class 1

1

100

100 Class 1 shares of 1 each were allotted and fully paid for cash at par during the year.