Company Registration No. 04443970 (England and Wales)
Trust Hygiene Services Limited
Unaudited accounts
for the year ended 31 March 2018
Trust Hygiene Services Limited
Unaudited accounts
Contents
Trust Hygiene Services Limited
Company Information
for the year ended 31 March 2018
Directors
Shaun Butler
Bonnie Brown
David James Allman
Company Number
04443970 (England and Wales)
Registered Office
Principle House Leamore Lane
Bloxwich
Walsall
West Midlands
WS2 7PS
Accountants
Mercian Accountants
8 Hartley Business Centre
272-284 Monkmoor Road
Shrewsbury
Shropshire
SY2 5ST
Trust Hygiene Services Limited
Statement of financial position
as at 31 March 2018
Intangible assets
307,200
345,600
Tangible assets
1,082,240
1,092,399
Inventories
155,088
134,494
Cash at bank and in hand
128,522
185,260
Creditors: amounts falling due within one year
(881,698)
(889,696)
Net current liabilities
(10,644)
(33,374)
Total assets less current liabilities
1,378,796
1,404,625
Creditors: amounts falling due after more than one year
(412,962)
(440,290)
Provisions for liabilities
Deferred tax
(78,417)
(77,751)
Net assets
887,417
886,584
Called up share capital
18,133
93
Capital redemption reserve
20
10
Profit and loss account
869,264
886,481
Shareholders' funds
887,417
886,584
For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 17 December 2018.
Shaun Butler
Director
Company Registration No. 04443970
Trust Hygiene Services Limited
Notes to the Accounts
for the year ended 31 March 2018
Trust Hygiene Services Limited is a private company, limited by shares, registered in England and Wales, registration number 04443970. The registered office is Principle House Leamore Lane, Bloxwich, Walsall, West Midlands, WS2 7PS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
20%/25% Straight Line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Trust Hygiene Services Limited
Notes to the Accounts
for the year ended 31 March 2018
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
Charge for the year
38,400
Trust Hygiene Services Limited
Notes to the Accounts
for the year ended 31 March 2018
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2017
543,564
1,031,513
397,298
1,972,375
Additions
-
133,293
65,422
198,715
Disposals
-
-
(41,365)
(41,365)
At 31 March 2018
543,564
1,164,806
421,355
2,129,725
At 1 April 2017
-
612,973
267,003
879,976
Charge for the year
-
95,772
90,260
186,032
On disposals
-
-
(18,523)
(18,523)
At 31 March 2018
-
708,745
338,740
1,047,485
At 31 March 2018
543,564
456,061
82,615
1,082,240
At 31 March 2017
543,564
418,540
130,295
1,092,399
Finished goods
155,088
134,494
Trade debtors
539,639
500,564
Other debtors
47,805
36,004
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Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
20,600
20,600
Obligations under finance leases and hire purchase contracts
60,923
79,206
Trade creditors
293,655
285,872
Taxes and social security
155,109
134,246
Other creditors
333,730
344,345
Loans from directors
14,881
22,927
Trust Hygiene Services Limited
Notes to the Accounts
for the year ended 31 March 2018
9
Creditors: amounts falling due after more than one year
2018
2017
Bank loans
334,750
355,350
Obligations under finance leases and hire purchase contracts
78,212
84,940
Allotted, called up and fully paid:
18,100 A Ordinary shares of £1 each
18,100
50
3 B Ordinary shares of £1 each
3
3
30 C Ordinary shares of £1 each
30
40
Shares issued during the period:
18,050 A Ordinary shares of £1 each
18,050
11
Capital commitments
2018
2017
Amounts contracted but not provided for in the accounts
219,000
292,000
Repurchase of 10 Ordinary C Shares from Heather Turner for £73,000 each year for four years from 2017 to 2020.
12
Operating lease commitments
2018
2017
At 31 March 2018 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within two to five years
19,200
8,000
13
Transactions with related parties
At the year end £14,881 (2017: £22,927) was owed to the directors and £20,324 (2017: £31,079) was owed to shareholders who are not directors. There was no interest paid in the year.
Dividends of £20,000 (2017: £25,000) were paid during the year to the directors. Dividend of £10,000 (2017: £25,000) was paid to Mrs C Butler wife of the director Mr S Butler.
A Bonus Issue totalling 18,050 £1 Ordinary A Shares was made in the year to Mr S Butler and Mrs C Butler.
The company paid £73,000 to a former director Heather Turner for the repurchase of 10 Ordinary C shares.
14
Average number of employees
During the year the average number of employees was 49 (2017: 43).
