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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
Page
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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
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True Creative Studio Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
9,535 
10,000 
Debtors
27,906 
25,976 
Cash at bank and in hand
92,820 
63,492 
130,261 
99,468 
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)
Net assets
65,605 
32,975 
Capital and reserves
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
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True Creative Studio Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
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
33.33%
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2022
3,949 
At 31 July 2023
3,949 
Depreciation
At 1 August 2022
3,949 
At 31 July 2023
3,949 
Net book value
At 31 July 2023
- 
5
Inventories
2023 
2022 
£ 
£ 
Work in progress
9,535 
10,000 
9,535 
10,000 
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True Creative Studio Limited Notes to the Accounts for the year ended 31 July 2023
6
Debtors
2023 
2022 
£ 
£ 
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 
VAT
10,945 
11,778 
Trade creditors
2,456 
1,966 
Taxes and social security
32,833 
24,722 
Loans from directors
1,455 
3,091 
Accruals
1,100 
3,469 
54,393 
50,630 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
10,263 
15,863 
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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