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REGISTERED NUMBER: 06475872 (England and Wales)











Tru Contracts Limited

Unaudited Financial Statements

for the Year Ended 31 January 2025






Tru Contracts Limited (Registered number: 06475872)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tru Contracts Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: B O Price
Mrs M Price





SECRETARY: Mrs M Price





REGISTERED OFFICE: 110 Corve Street
Ludlow
SHROPSHIRE
SY8 1DJ





REGISTERED NUMBER: 06475872 (England and Wales)





ACCOUNTANTS: Streets Dyke Ruscoe Ltd
110 Corve Street
Ludlow
SHROPSHIRE
SY8 1DJ

Tru Contracts Limited (Registered number: 06475872)

Balance Sheet
31 January 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 24,070 10,483

CURRENT ASSETS
Debtors 5 70,833 104,559
Cash at bank 79,304 136,411
150,137 240,970
CREDITORS
Amounts falling due within one year 6 88,701 113,541
NET CURRENT ASSETS 61,436 127,429
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,506

137,912

CREDITORS
Amounts falling due after more than one
year

7

(7,642

)

-

PROVISIONS FOR LIABILITIES (6,018 ) (2,621 )

ACCRUALS AND DEFERRED INCOME (2,382 ) (47,566 )
NET ASSETS 69,464 87,725

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 68,464 86,725
69,464 87,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Tru Contracts Limited (Registered number: 06475872)

Balance Sheet - continued
31 January 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by:





B O Price - Director


Tru Contracts Limited (Registered number: 06475872)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Tru Contracts 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Tru Contracts Limited (Registered number: 06475872)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2024 3,119 12,550 10,720 26,389
Additions 1,849 17,984 1,009 20,842
Disposals (88 ) - - (88 )
At 31 January 2025 4,880 30,534 11,729 47,143
DEPRECIATION
At 1 February 2024 1,282 10,875 3,749 15,906
Charge for year 546 2,974 3,648 7,168
Eliminated on disposal (1 ) - - (1 )
At 31 January 2025 1,827 13,849 7,397 23,073
NET BOOK VALUE
At 31 January 2025 3,053 16,685 4,332 24,070
At 31 January 2024 1,837 1,675 6,971 10,483

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 17,984
At 31 January 2025 17,984
DEPRECIATION
Charge for year 2,555
At 31 January 2025 2,555
NET BOOK VALUE
At 31 January 2025 15,429

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 68,140 78,447
Other debtors 913 412
Directors' current accounts - 15,711
Prepayments and accrued income 1,780 9,989
70,833 104,559

Tru Contracts Limited (Registered number: 06475872)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 4,341 -
Trade creditors 46,721 33,165
Tax 9,950 32,240
Social security and other taxes 4,049 3,650
VAT 18,406 43,187
Other creditors 4,669 1,299
Directors' current accounts 565 -
88,701 113,541

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts 7,642 -

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

2025 2024
£    £   
B O Price
Balance outstanding at start of year (8,369 ) 192
Amounts advanced 9,575 2,312
Amounts repaid (1,205 ) (10,873 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1 (8,369 )

Mrs M Price
Balance outstanding at start of year (7,342 ) 846
Amounts advanced 8,963 312
Amounts repaid (1,058 ) (8,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 563 (7,342 )