Company Registration No. 09725358 (England and Wales)
TRUE TO FORM LTD
Unaudited accounts
for the year ended 31 August 2024
TRUE TO FORM LTD
Unaudited accounts
Contents
TRUE TO FORM LTD
Company Information
for the year ended 31 August 2024
Company Number
09725358 (England and Wales)
Registered Office
FLAT 3 20 CROSS STREET
ISLINGTON
LONDON
N1 2BG
ENGLAND
Accountants
Harvest Accountants Ltd
124 City Road
London
EC1V 2NX
TRUE TO FORM LTD
Statement of financial position
as at 31 August 2024
Tangible assets
38,895
32,052
Cash at bank and in hand
267,962
327,783
Creditors: amounts falling due within one year
(107,258)
(171,269)
Net current assets
202,175
218,544
Total assets less current liabilities
241,070
250,596
Creditors: amounts falling due after more than one year
(5,000)
-
Provisions for liabilities
Net assets
236,070
242,584
Called up share capital
1
1
Profit and loss account
236,069
242,583
Shareholders' funds
236,070
242,584
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 11 March 2025 and were signed on its behalf by
Matthew Wheeler
Director
Company Registration No. 09725358
TRUE TO FORM LTD
Notes to the Accounts
for the year ended 31 August 2024
TRUE TO FORM LTD is a private company, limited by shares, registered in England and Wales, registration number 09725358. The registered office is FLAT 3 20 CROSS STREET, ISLINGTON, LONDON, N1 2BG, ENGLAND.
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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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:
Motor vehicles
20 reducing balance method
Fixtures & fittings
25% straight line method
Computer equipment
25% straight line method
TRUE TO FORM LTD
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2023
-
47,090
11,822
6,670
65,582
Additions
11,083
-
-
6,088
17,171
At 31 August 2024
11,083
47,090
11,822
12,758
82,753
At 1 September 2023
-
27,802
3,669
2,059
33,530
Charge for the year
832
3,858
2,956
2,682
10,328
At 31 August 2024
832
31,660
6,625
4,741
43,858
At 31 August 2024
10,251
15,430
5,197
8,017
38,895
At 31 August 2023
-
19,288
8,153
4,611
32,052
Amounts falling due within one year
Trade debtors
41,471
53,126
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
7,424
Trade creditors
12,048
27,081
Taxes and social security
20,196
24,538
Loans from directors
53,644
97,812
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).