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Company Registration No. 12447948 (England and Wales)
TRUE PURPOSE LTD Unaudited accounts for the year ended 29 February 2024
TRUE PURPOSE LTD Unaudited accounts Contents
Page
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TRUE PURPOSE LTD Company Information for the year ended 29 February 2024
Director
NIVEN, Louise
Company Number
12447948 (England and Wales)
Registered Office
Old Engine House Cooks Pond Road Liphook GU30 7JY ENGLAND
Accountants
Lateral Accounting Ltd 2 Chestnut Road Kingston Upon Thames KT2 5AP
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TRUE PURPOSE LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,817 
1,922 
Current assets
Debtors
19,625 
12,480 
Cash at bank and in hand
35,916 
9,311 
55,541 
21,791 
Creditors: amounts falling due within one year
(17,859)
(4,289)
Net current assets
37,682 
17,502 
Net assets
39,499 
19,424 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
39,498 
19,423 
Shareholders' funds
39,499 
19,424 
For the year ending 29 February 2024 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 director acknowledges her 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.
The financial statements were approved by the Board and authorised for issue on 31 March 2024 and were signed on its behalf by
NIVEN, Louise Director Company Registration No. 12447948
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TRUE PURPOSE LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
TRUE PURPOSE LTD is a private company, limited by shares, registered in England and Wales, registration number 12447948. The registered office is Old Engine House, Cooks Pond Road, Liphook, GU30 7JY, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Computer equipment
335 straight line method
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
542 
4,761 
5,303 
Additions
- 
2,428 
2,428 
At 29 February 2024
542 
7,189 
7,731 
Depreciation
At 1 March 2023
136 
3,245 
3,381 
Charge for the year
136 
2,397 
2,533 
At 29 February 2024
272 
5,642 
5,914 
Net book value
At 29 February 2024
270 
1,547 
1,817 
At 28 February 2023
406 
1,516 
1,922 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,600 
10,800 
Other debtors
7,025 
1,680 
19,625 
12,480 
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TRUE PURPOSE LTD Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
15,374 
3,587 
Other creditors
1,873 
193 
Accruals
612 
509 
17,859 
4,289 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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