Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 01097111 Mr E B Truman Mrs J G Truman Mrs J G Truman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01097111 2022-12-31 01097111 2023-12-31 01097111 2023-01-01 2023-12-31 01097111 frs-core:CurrentFinancialInstruments 2023-12-31 01097111 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 01097111 frs-core:PlantMachinery 2023-01-01 2023-12-31 01097111 frs-core:ShareCapital 2023-12-31 01097111 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 01097111 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01097111 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 01097111 frs-bus:SmallEntities 2023-01-01 2023-12-31 01097111 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01097111 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01097111 frs-bus:Director1 2023-01-01 2023-12-31 01097111 frs-bus:Director2 2023-01-01 2023-12-31 01097111 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 01097111 frs-countries:EnglandWales 2023-01-01 2023-12-31 01097111 2021-12-31 01097111 2022-12-31 01097111 2022-01-01 2022-12-31 01097111 frs-core:CurrentFinancialInstruments 2022-12-31 01097111 frs-core:ShareCapital 2022-12-31 01097111 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 01097111
W. Truman Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
McPhersons Walpole Harding
ACCA
Citibase Brighton
95 Ditchling Road
Brighton
BN1 4ST
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01097111
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 69,521 24,342
Debtors 5 6,830 7,231
Cash at bank and in hand 125,815 201,617
202,166 233,190
Creditors: Amounts Falling Due Within One Year 6 (8,720 ) (13,995 )
NET CURRENT ASSETS (LIABILITIES) 193,446 219,195
TOTAL ASSETS LESS CURRENT LIABILITIES 193,446 219,195
NET ASSETS 193,446 219,195
CAPITAL AND RESERVES
Called up share capital 7 68,000 68,000
Profit and Loss Account 125,446 151,195
SHAREHOLDERS' FUNDS 193,446 219,195
Page 1
Page 2
For the year ending 31 December 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr E B Truman
Director
Mrs J G Truman
Director
11 September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
W. Truman Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01097111 . The registered office is C/O Mcphersons Walpole Harding, Citibase Brighton, 95 Ditchling Road, Brighton, East Sussex, BN1 4ST.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentation currency is £GBP.
2.2. Going Concern Disclosure
The company has restructured its affairs and reduced costs and overheads. Accordingly, the directors have considered the foreseeable future and consider that the comapny is able to continue as a going concern in that period and the accounts are therefore preopared on the going concern basis.
2.3. Turnover
The turnover shown in the profit & loss account represents amounts received and receivable from the sale of jewellery, pearls and precious stones during the year, exclusive of Value Added Tax or any similar taxes levied on foreign sales.

Revenue recognition

Revenue is recognised when invoiced goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.
Where items are sold directly to customers, revenues are recognised at the point of sale.


2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold In accordance with the lease
Plant & Machinery 20% & 10% on the straight line basis.
2.5. Stocks and Work in Progress
i) Purchased articles of jewellery
Stocks are stated at the lower of cost and estimated selling price less costs to sell.

ii) Loose stones & manufactured jewellery
Loose stones & manufactured jewellery are stated at the lower of the managing director's best estimate as to the costs and the estimated selling price after taking into accounts costs to sell.

Page 3
Page 4
2.6. Financial Instruments
Basic financial instruments are recognised at transaction price, less any impairment, with changes recognised in profit or loss.

Basic financial instruments used by the company include cash and bank deposits, trade debtors and trade creditors.

2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Stocks
2023 2022
£ £
Stock 69,521 24,342
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 5,816 6,158
Other debtors 1,014 1,073
6,830 7,231
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (68 ) (1 )
Other creditors 4,896 12,797
Taxation and social security 3,892 1,199
8,720 13,995
Page 4
Page 5
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 68,000 68,000
Page 5