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REGISTERED NUMBER: 06783492 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

TRULY PVC LIMITED

TRULY PVC LIMITED (REGISTERED NUMBER: 06783492)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


TRULY PVC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: A Benson





REGISTERED OFFICE: Unit 2
34 Wood Street
Openshaw
Manchester
M11 2FB





REGISTERED NUMBER: 06783492 (England and Wales)





ACCOUNTANTS: Hunter & Co.
Chartered Accountants
415 Blackburn Road
Bolton
BL1 8NJ

TRULY PVC LIMITED (REGISTERED NUMBER: 06783492)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 29,342 38,431
Tangible assets 5 208,645 16,858
237,987 55,289

CURRENT ASSETS
Stocks 425,377 300,050
Debtors 6 126,050 27,226
Cash at bank and in hand 200,249 415,489
751,676 742,765
CREDITORS
Amounts falling due within one year 7 (729,258 ) (559,944 )
NET CURRENT ASSETS 22,418 182,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

260,405

238,110

CREDITORS
Amounts falling due after more than one
year

8

(13,333

)

(23,333

)
NET ASSETS 247,072 214,777

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 247,071 214,776
SHAREHOLDERS' FUNDS 247,072 214,777

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TRULY PVC LIMITED (REGISTERED NUMBER: 06783492)

BALANCE SHEET - continued
31 JANUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 October 2024 and were signed by:





A Benson - Director


TRULY PVC LIMITED (REGISTERED NUMBER: 06783492)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Truly PVC Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 16 ) .

TRULY PVC LIMITED (REGISTERED NUMBER: 06783492)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023
and 31 January 2024 101,263
AMORTISATION
At 1 February 2023 62,832
Charge for year 9,089
At 31 January 2024 71,921
NET BOOK VALUE
At 31 January 2024 29,342
At 31 January 2023 38,431

5. TANGIBLE FIXED ASSETS
Fixture,
Short fittings Motor Computer
leasehold & equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 - 60,714 24,103 - 84,817
Additions 14,050 109,745 94,042 17,978 235,815
Reclassification/transfer - (5,859 ) - 5,859 -
At 31 January 2024 14,050 164,600 118,145 23,837 320,632
DEPRECIATION
At 1 February 2023 - 45,022 22,937 - 67,959
Charge for year 1,405 32,966 4,209 5,448 44,028
Reclassification/transfer - (2,446 ) - 2,446 -
At 31 January 2024 1,405 75,542 27,146 7,894 111,987
NET BOOK VALUE
At 31 January 2024 12,645 89,058 90,999 15,943 208,645
At 31 January 2023 - 15,692 1,166 - 16,858

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,986 13,485
Other debtors 107,064 13,741
126,050 27,226

TRULY PVC LIMITED (REGISTERED NUMBER: 06783492)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 51,921 42,605
Trade creditors 572,071 375,150
Taxation and social security 90,725 135,162
Other creditors 14,541 7,027
729,258 559,944

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,333 23,333

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
A Benson
Balance outstanding at start of year 6,341 24,641
Amounts advanced 3,000 38,900
Amounts repaid (240 ) (57,200 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,101 6,341

10. ULTIMATE CONTROLLING PARTY

Anthony Benson, a director, controls the company by virtue of a controlling interest of 100% of the issued share capital.