1 October 2023 false No description of principal activity Taxfiler 2024.5 10923083business:PrivateLimitedCompanyLtd2023-10-012024-09-30 109230832023-09-30 109230832023-10-012024-09-30 10923083business:AuditExempt-NoAccountantsReport2023-10-012024-09-30 10923083business:FilletedAccounts2023-10-012024-09-30 109230832024-09-30 10923083business:Director12023-10-012024-09-30 10923083business:Director22023-10-012024-09-30 10923083business:RegisteredOffice2023-10-012024-09-30 109230832023-09-30 10923083core:WithinOneYear2024-09-30 10923083core:WithinOneYear2023-09-30 10923083core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 10923083core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 10923083core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 10923083core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 10923083core:PreviouslyStatedAmount2024-09-30 10923083core:PreviouslyStatedAmount2023-09-30 10923083business:SmallEntities2023-10-012024-09-30 10923083countries:EnglandWales2023-10-012024-09-30 10923083core:ComputerEquipment2023-10-012024-09-30 10923083core:ComputerEquipment2023-09-30 10923083core:ComputerEquipment2024-09-30 109230832022-10-012023-09-30 iso4217:GBP xbrli:pure
Company Registration No. 10923083 (England and Wales)
TruePotential Consulting Group Ltd Unaudited accounts for the year ended 30 September 2024
TruePotential Consulting Group Ltd Unaudited accounts Contents
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TruePotential Consulting Group Ltd Company Information for the year ended 30 September 2024
Directors
Terts Ashibi Paul Gore
Company Number
10923083 (England and Wales)
Registered Office
54 St James Street Liverpool L1 0AB United Kingdom
Accountants
KLAS ACCOUNTANTS LTD Eastham Hall 109, Eastham Village Road Eastham Wirral CH62 0AF
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TruePotential Consulting Group Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,910 
3,880 
Current assets
Debtors
9,610 
33,283 
Cash at bank and in hand
949 
118,221 
10,559 
151,504 
Creditors: amounts falling due within one year
17,422 
(36,226)
Net current assets
27,981 
115,278 
Net assets
30,891 
119,158 
Capital and reserves
Called up share capital
5 
5 
Profit and loss account
30,886 
119,153 
Shareholders' funds
30,891 
119,158 
For the year ending 30 September 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 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 1 October 2024 and were signed on its behalf by
Terts Ashibi Director Company Registration No. 10923083
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TruePotential Consulting Group Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
TruePotential Consulting Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 10923083. The registered office is 54 St James Street, Liverpool, L1 0AB, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25% Reducing Balance
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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TruePotential Consulting Group Ltd Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2023
9,447 
At 30 September 2024
9,447 
Depreciation
At 1 October 2023
5,567 
Charge for the year
970 
At 30 September 2024
6,537 
Net book value
At 30 September 2024
2,910 
At 30 September 2023
3,880 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,265 
31,938 
Other debtors
1,345 
1,345 
9,610 
33,283 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(12,564)
1,473 
Trade creditors
5,744 
6,801 
Taxes and social security
(10,602)
27,952 
(17,422)
36,226 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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