Registered number
03700733
Trueplan (UK) Limited
Unaudited Filleted Accounts
31 December 2023
Trueplan (UK) Limited
Registered number: 03700733
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 178,807 78,126
Current assets
Debtors 4 136,515 198,584
Cash at bank and in hand 139,560 209,570
276,075 408,154
Creditors: amounts falling due within one year 5 (137,367) (159,869)
Net current assets 138,708 248,285
Total assets less current liabilities 317,515 326,411
Provisions for liabilities (33,288) (13,984)
Net assets 284,227 312,427
Capital and reserves
Called up share capital 2 2
Profit and loss account 284,225 312,425
Shareholders' funds 284,227 312,427
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 members have 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 O Streeten
Director
Approved by the board on 23 August 2024
Trueplan (UK) Limited
Notes to the Accounts
for the year ended 31 December 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).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and equipment 25% reducing balance
Motor vehicles 25% reducing balance
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. 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. 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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 19 15
3 Tangible fixed assets
Plant and equipment Motor vehicles Total
£ £ £
Cost
At 1 January 2023 101,822 38,869 140,691
Additions 137,823 - 137,823
Disposals (1,416) - (1,416)
At 31 December 2023 238,229 38,869 277,098
Depreciation
At 1 January 2023 50,418 12,147 62,565
Charge for the year 30,230 6,681 36,911
On disposals (1,185) - (1,185)
At 31 December 2023 79,463 18,828 98,291
Net book value
At 31 December 2023 158,766 20,041 178,807
At 31 December 2022 51,404 26,722 78,126
4 Debtors 2023 2022
£ £
Trade debtors 133,681 158,550
Other debtors 2,834 40,034
136,515 198,584
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 20,838 4,868
Taxation and social security costs 105,333 145,159
Other creditors 11,196 9,842
137,367 159,869
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr O Streeten
Repayable on demand 40,000 - (40,000) -
40,000 - (40,000) -
7 Other information
Trueplan (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Third Floor, Bank Chambers
36 Mount Pleasant Road
Tunbridge Wells
TN1 1RB
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