Company Registration No. 12117077 (England and Wales)
True Creative Studio Limited
Unaudited accounts
for the year ended 31 July 2024
True Creative Studio Limited
Unaudited accounts
Contents
True Creative Studio Limited
Company Information
for the year ended 31 July 2024
Directors
M Richards
G Willowe
Company Number
12117077 (England and Wales)
Registered Office
1st Floor Waterfront One
Waterfront Business Park
Brierley Hill
B63 3EB
United Kingdom
True Creative Studio Limited
Statement of financial position
as at 31 July 2024
Cash at bank and in hand
71,953
92,820
Creditors: amounts falling due within one year
(44,025)
(54,393)
Net current assets
61,531
75,868
Total assets less current liabilities
61,531
75,868
Creditors: amounts falling due after more than one year
(4,661)
(10,263)
Called up share capital
200
300
Capital redemption reserve
100
-
Profit and loss account
56,570
65,305
Shareholders' funds
56,870
65,605
For the year ending 31 July 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 19 September 2024 and were signed on its behalf by
M Richards
Director
Company Registration No. 12117077
True Creative Studio Limited
Notes to the Accounts
for the year ended 31 July 2024
True Creative Studio Limited is a private company, limited by shares, registered in England and Wales, registration number 12117077. The registered office is 1st Floor Waterfront One, Waterfront Business Park, Brierley Hill, B63 3EB, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Computer equipment
Work in progress
8,370
9,535
True Creative Studio Limited
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Trade debtors
25,233
27,906
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,604
5,604
Taxes and social security
26,445
32,833
Loans from directors
722
1,455
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 2 (2023: 3).