Registered number
14920963
True Story London Ltd
Filleted Accounts
30 June 2024
True Story London Ltd
Registered number: 14920963
Balance Sheet
as at 30 June 2024
Notes 2024
£
Current assets
Debtors 3 223
Creditors: amounts falling due within one year 4 (31,711)
Net current liabilities (31,488)
Net liabilities (31,488)
Capital and reserves
Called up share capital 100
Share premium 30,000
Profit and loss account (61,588)
Shareholder's funds (31,488)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms. M Toth
Director
Approved by the board on 27 May 2025
True Story London Ltd
Notes to the Accounts
for the period from 7 June 2023 to 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts . Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract, which is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024
Number
Average number of persons employed by the company 2
3 Debtors 2024
£
Trade debtors 223
4 Creditors: amounts falling due within one year 2024
£
Other creditors 31,711
Included in creditors is £29,731 owing to the director. The loan is interest-free and there is no fixed date of repayment. The director has confirmed that the loan will only be repaid as and when cash flow permits.
5 Going concern
The company is dependent on the continued funding of its creditors in order to continue trading .
6 Other information
True Story London Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
Manor Way
Borehamwood
Hertfordshire
WD6 1QQ
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