Company Registration No. 12117077 (England and Wales)
True Creative Studio Limited
Unaudited accounts
for the year ended 31 July 2023
True Creative Studio Limited
Unaudited accounts
Contents
True Creative Studio Limited
Company Information
for the year ended 31 July 2023
Directors
M Richards
D Burtenshaw
G Willowe
Company Number
12117077 (England and Wales)
Registered Office
1st Floor Waterfront One
Waterfront Business Park
Brierley Hill
B63 3EB
United Kingdom
True Creative Studio Limited
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
92,820
63,492
Creditors: amounts falling due within one year
(54,393)
(50,630)
Net current assets
75,868
48,838
Total assets less current liabilities
75,868
48,838
Creditors: amounts falling due after more than one year
(10,263)
(15,863)
Called up share capital
300
300
Profit and loss account
65,305
32,675
Shareholders' funds
65,605
32,975
For the year ending 31 July 2023 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.
The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2023 and were signed on its behalf by
M Richards
Director
Company Registration No. 12117077
True Creative Studio Limited
Notes to the Accounts
for the year ended 31 July 2023
True Creative Studio Limited is a private company, limited by shares, registered in England and Wales, registration number 12117077. The registered office is 1st Floor Waterfront One, Waterfront Business Park, Brierley Hill, B63 3EB, United Kingdom.
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.
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:
4
Tangible fixed assets
Computer equipment
Work in progress
9,535
10,000
True Creative Studio Limited
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Trade debtors
27,906
25,976
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,604
5,604
Trade creditors
2,456
1,966
Taxes and social security
32,833
24,722
Loans from directors
1,455
3,091
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).