Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31false2023-04-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09489796 2023-04-01 2024-03-31 09489796 2022-04-01 2023-03-31 09489796 2024-03-31 09489796 2023-03-31 09489796 c:Director1 2023-04-01 2024-03-31 09489796 d:ComputerEquipment 2023-04-01 2024-03-31 09489796 d:ComputerEquipment 2024-03-31 09489796 d:ComputerEquipment 2023-03-31 09489796 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09489796 d:CurrentFinancialInstruments 2024-03-31 09489796 d:CurrentFinancialInstruments 2023-03-31 09489796 d:Non-currentFinancialInstruments 2024-03-31 09489796 d:Non-currentFinancialInstruments 2023-03-31 09489796 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09489796 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09489796 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 09489796 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09489796 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 09489796 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 09489796 d:ShareCapital 2024-03-31 09489796 d:ShareCapital 2023-03-31 09489796 d:RetainedEarningsAccumulatedLosses 2024-03-31 09489796 d:RetainedEarningsAccumulatedLosses 2023-03-31 09489796 c:OrdinaryShareClass1 2023-04-01 2024-03-31 09489796 c:OrdinaryShareClass1 2024-03-31 09489796 c:OrdinaryShareClass1 2023-03-31 09489796 c:FRS102 2023-04-01 2024-03-31 09489796 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09489796 c:FullAccounts 2023-04-01 2024-03-31 09489796 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09489796 2 2023-04-01 2024-03-31 09489796 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 09489796














TRU GROWTH ADVISORY LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
TRU GROWTH ADVISORY LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
TRU GROWTH ADVISORY LIMITED
REGISTERED NUMBER:09489796

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,745
102

Current assets
  

Debtors: amounts falling due within one year
 5 
10,298
31,500

Cash at bank and in hand
  
362,964
485,096

  
373,262
516,596

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(67,586)
(136,734)

Net current assets
  
 
 
305,676
 
 
379,862

Total assets less current liabilities
  
309,421
379,964

Creditors: amounts falling due after more than one year
 7 
(7,339)
(13,461)

  

Net assets
  
302,082
366,503


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
302,081
366,502

  
302,082
366,503


Page 1

 
TRU GROWTH ADVISORY LIMITED
REGISTERED NUMBER:09489796
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 January 2025.




T McNicholl
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
TRU GROWTH ADVISORY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

True Growth Advisory Limited is a limited liability company registered in England and Wales. Its registered office address is at 26 Benett Drive, Hove, BN3 6UT. 
The principal activity of the Company during the year was that of business support activities. 
The financial statements are presented in £ sterling, which is the functional currency of the Company.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises revenue recognised by the company in respect of services supplied in the year exclusive of trade discounts and excluding Value Added Tax. 
 
Revenue is recognised when the service is provided.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
TRU GROWTH ADVISORY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
2023
£
£

Wages and salaries
9,100
9,100

Cost of defined contribution scheme
91,584
40,000

100,684
49,100


The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
TRU GROWTH ADVISORY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2023
3,013


Additions
3,745


Disposals
(1,192)



At 31 March 2024

5,566



Depreciation


At 1 April 2023
2,912


Charge for the year on owned assets
101


Disposals
(1,192)



At 31 March 2024

1,821



Net book value



At 31 March 2024
3,745



At 31 March 2023
102


5.


Debtors

2024
2023
£
£


Trade debtors
-
31,500

Prepayments and accrued income
10,298
-

10,298
31,500


Page 5

 
TRU GROWTH ADVISORY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
6,122
5,971

Other taxation and social security
56,917
128,073

Other creditors
2
565

Accruals and deferred income
4,545
2,125

67,586
136,734



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
7,339
13,461



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
6,122
5,971


Amounts falling due 2-5 years

Other loans
7,339
13,461


13,461
19,432



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary shares share of £1.00
1
1


 
Page 6