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REGISTERED NUMBER: SC418497 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

True Course Ltd

True Course Ltd (Registered number: SC418497)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


True Course Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTOR: J E Strassberg





REGISTERED OFFICE: Summit House
4 - 5 Mitchell Street
Edinburgh
EH6 7BD





REGISTERED NUMBER: SC418497 (Scotland)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

True Course Ltd (Registered number: SC418497)

Statement of Financial Position
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 580 1,747

CURRENT ASSETS
Debtors 5 87,747 104,120
Cash at bank 47,083 6,281
134,830 110,401
CREDITORS
Amounts falling due within one year 6 51,506 36,278
NET CURRENT ASSETS 83,324 74,123
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,904

75,870

PROVISIONS FOR LIABILITIES 145 437
NET ASSETS 83,759 75,433

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 83,757 75,431
SHAREHOLDERS' FUNDS 83,759 75,433

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

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

The director acknowledges his 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.

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 director and authorised for issue on 23 July 2025 and were signed by:





J E Strassberg - Director


True Course Ltd (Registered number: SC418497)

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

1. STATUTORY INFORMATION

True Course Ltd is a private company, limited by shares , registered in Scotland. 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.
Computer equipments - 33% on cost

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties. Debt instruments, including loans and other accounts receivable and payable are initially measured at transaction price adjusted for transaction costs. They are subsequently recognised at amortised costs using the effective interest method.

Creditors payable within one year, typically trade payables, are measured initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid. Debtors receivable within one year, typically trade receivables, are measured initially and subsequently at the undiscounted amount of the cash or other consideration expected to be received.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
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.

True Course Ltd (Registered number: SC418497)

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

2. ACCOUNTING POLICIES - continued

Amounts recoverable on contract
Amounts recoverable on contract is measured at the value of unbilled services at the year end date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipments
£   
COST
At 1 April 2024
and 31 March 2025 3,786
DEPRECIATION
At 1 April 2024 2,039
Charge for year 1,167
At 31 March 2025 3,206
NET BOOK VALUE
At 31 March 2025 580
At 31 March 2024 1,747

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 6,250 29,641
Amounts recoverable on contract 13,860 10,650
Other debtors - 12,858
Directors' current accounts 58,034 42,771
Prepayments and accrued income 9,603 8,200
87,747 104,120

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors - 4,956
Tax 39,248 11,177
Social security and other taxes 2,369 3,422
VAT 4,971 2,345
Other creditors 4,210 12,931
Accrued expenses 708 1,447
51,506 36,278

True Course Ltd (Registered number: SC418497)

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

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
50 Ordinary A .01 1 1
50 Ordinary B .01 1 1
2 2

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
J E Strassberg
Balance outstanding at start of year 42,771 36,868
Amounts advanced 65,141 46,997
Amounts repaid (49,878 ) (41,094 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 58,034 42,771

The Directors loans are unsecured and repayable on demand. Interest was charged to the Director at a rate of 2.25% per annum on loans in excess of £10,000.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £82,771 (2024 - £142,900) were paid to the director .