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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
Page
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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
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True Creative Studio Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
8,370 
9,535 
Debtors
25,233 
27,906 
Cash at bank and in hand
71,953 
92,820 
105,556 
130,261 
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)
Net assets
56,870 
65,605 
Capital and reserves
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
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True Creative Studio Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
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.
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
33.33%
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2023
3,949 
At 31 July 2024
3,949 
Depreciation
At 1 August 2023
3,949 
At 31 July 2024
3,949 
Net book value
At 31 July 2024
- 
5
Inventories
2024 
2023 
£ 
£ 
Work in progress
8,370 
9,535 
8,370 
9,535 
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True Creative Studio Limited Notes to the Accounts for the year ended 31 July 2024
6
Debtors
2024 
2023 
£ 
£ 
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 
VAT
9,808 
10,945 
Trade creditors
331 
2,456 
Taxes and social security
26,445 
32,833 
Loans from directors
722 
1,455 
Accruals
1,115 
1,100 
44,025 
54,393 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,661 
10,263 
9
Average number of employees
During the year the average number of employees was 2 (2023: 3).
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