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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
Page
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TRUE TO FORM LTD Company Information for the year ended 31 August 2024
Director
Matthew Wheeler
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
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TRUE TO FORM LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
38,895 
32,052 
Current assets
Debtors
41,471 
62,030 
Cash at bank and in hand
267,962 
327,783 
309,433 
389,813 
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
Deferred tax
- 
(8,012)
Net assets
236,070 
242,584 
Capital and reserves
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
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TRUE TO FORM LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
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.
Foreign exchange
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.
Leased assets
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 taxation
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
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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 
Depreciation
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 
Net book value
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 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
8,904 
Trade debtors
41,471 
53,126 
41,471 
62,030 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,570 
- 
Obligations under finance leases and hire purchase contracts
- 
7,424 
Trade creditors
12,048 
27,081 
Taxes and social security
20,196 
24,538 
Other creditors
- 
1,289 
Loans from directors
53,644 
97,812 
Accruals
- 
13,125 
Deferred income
15,800 
- 
107,258 
171,269 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Accruals
5,000 
- 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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