Registered number
12400636
Truffler Limited
Unaudited Filleted Accounts
31 January 2023
Truffler Limited
Registered number: 12400636
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Current assets
Cash at bank and in hand 30,862 41,930
Creditors: amounts falling due within one year 3 (12,109) (11,545)
Net current assets 18,753 30,385
Total assets less current liabilities 18,753 30,385
Creditors: amounts falling due after more than one year 4 (21,559) (31,422)
Net liabilities (2,806) (1,037)
Capital and reserves
Called up share capital 1 1
Profit and loss account (2,807) (1,038)
Shareholder's funds (2,806) (1,037)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr F L Chan
Director
Approved by the board on 11 October 2023
Truffler Limited
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Going concern
I confirm that in my opinion the company will continue as a going concern for a period in excess of twelve months from the approval of these financial statements.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,968 11,125
Other creditors 1,141 420
12,109 11,545
4 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 21,559 31,422
5 Controlling party
The company is under the control of the director, Mr F L Chan by virtue of his shareholdings in the company.
6 Other information
Truffler Limited is a private company limited by shares and incorporated in England. Its registered office is:
114 Hamlet Court Road
Westcliff on Sea
Essex
SS0 7LP
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