Company Registration No. 14332992 (England and Wales)
True Insights Analytics Ltd
Unaudited accounts
for the year ended 31 December 2024
True Insights Analytics Ltd
Unaudited accounts
Contents
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of True Insights Analytics Ltd for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
True Insights Analytics Ltd for the year ended
31 December 2024 as set out on pages
4 -
6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of True Insights Analytics Ltd, as a body, in accordance with the terms of our engagement letter dated 11 April 2023. Our work has been undertaken solely to prepare for your approval the accounts of True Insights Analytics Ltd and state those matters that we have agreed to state to the Board of Directors of True Insights Analytics Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than True Insights Analytics Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that True Insights Analytics Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of True Insights Analytics Ltd. You consider that True Insights Analytics Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of True Insights Analytics Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Nikolay Atanasov, Shubraka Opportunities Limited
Chartered Accountants
c/o The Explorers Club
Devonshire House
One Mayfair Place
London
W1J 8AJ
27 May 2025
True Insights Analytics Ltd
Statement of financial position
as at 31 December 2024
Intangible assets
182,175
64,564
Cash at bank and in hand
62,098
195,587
Creditors: amounts falling due within one year
(222)
(136)
Net current assets
72,994
219,547
Net assets
255,213
284,155
Called up share capital
10
10
Share premium
330,549
330,549
Profit and loss account
(75,346)
(46,404)
Shareholders' funds
255,213
284,155
For the year ending 31 December 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 27 May 2025 and were signed on its behalf by
Nikola Stoyanov Tanev
Director
Company Registration No. 14332992
True Insights Analytics Ltd
Notes to the Accounts
for the year ended 31 December 2024
True Insights Analytics Ltd is a private company, limited by shares, registered in England and Wales, registration number 14332992. The registered office is 2ND FLOOR COLLEGE HOUSE, 17 KING EDWARDS ROAD,, RUISLIP,, LONDON,, HA4 7AE, 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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Investments in subsidiaries are included at cost less impairment.
4
Intangible fixed assets
Other
At 31 December 2024
210,388
Charge for the year
21,039
At 31 December 2024
28,213
At 31 December 2024
182,175
At 31 December 2023
64,564
True Insights Analytics Ltd
Notes to the Accounts
for the year ended 31 December 2024
5
Investments
Subsidiary undertakings
Valuation at 1 January 2024
44
Valuation at 31 December 2024
44
Investments are made up of investments in fully owned subsidiary.
Amounts falling due within one year
Accrued income and prepayments
10,414
22,869
7
Creditors: amounts falling due within one year
2024
2023
Loans from directors
222
-
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).