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REGISTERED NUMBER: 03447588 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Truplate Limited

Truplate Limited (Registered number: 03447588)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Truplate Limited

Company Information
for the Year Ended 31 October 2024







Directors: C Storey
G P R Punter





Secretary:





Registered office: 25 Ogmore Crescent
Bridgend Industrial Estate
Bridgend
CF31 3TE





Registered number: 03447588 (England and Wales)





Accountants: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
9 Court Road
Bridgend
CF31 1BE

Truplate Limited (Registered number: 03447588)

Statement of Financial Position
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 475,356 422,700

Current assets
Stocks 9,800 9,800
Debtors 5 169,794 170,995
Cash at bank and in hand 115,341 119,417
294,935 300,212
Creditors
Amounts falling due within one year 6 147,116 141,365
Net current assets 147,819 158,847
Total assets less current liabilities 623,175 581,547

Creditors
Amounts falling due after more than one
year

7

(187,142

)

(170,290

)

Provisions for liabilities (76,138 ) (66,133 )
Net assets 359,895 345,124

Capital and reserves
Called up share capital 100 100
Retained earnings 359,795 345,024
Shareholders' funds 359,895 345,124

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Truplate Limited (Registered number: 03447588)

Statement of Financial Position - continued
31 October 2024


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 Board of Directors and authorised for issue on 29 July 2025 and were signed on its behalf by:





C Storey - Director


Truplate Limited (Registered number: 03447588)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. Statutory information

Truplate Limited is a private company, limited by shares , registered in England and Wales. 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.
Freehold property - 5% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 50% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Truplate Limited (Registered number: 03447588)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

3. Employees and directors

The average number of employees during the year was 7 (2023 - 7 ) .

4. Tangible fixed assets
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 November 2023 106,610 430,370 95,891 16,945 649,816
Additions - 13,910 155,100 4,701 173,711
Disposals - - (54,995 ) (4,228 ) (59,223 )
At 31 October 2024 106,610 444,280 195,996 17,418 764,304
Depreciation
At 1 November 2023 31,980 166,535 16,313 12,288 227,116
Charge for year - 35,064 43,792 3,495 82,351
Eliminated on disposal - - (16,291 ) (4,228 ) (20,519 )
At 31 October 2024 31,980 201,599 43,814 11,555 288,948
Net book value
At 31 October 2024 74,630 242,681 152,182 5,863 475,356
At 31 October 2023 74,630 263,835 79,578 4,657 422,700

5. Debtors: amounts falling due within one year
31.10.24 31.10.23
£    £   
Trade debtors 113,957 116,404
Other debtors 55,837 54,591
169,794 170,995

6. Creditors: amounts falling due within one year
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 15,666 15,666
Hire purchase contracts 40,496 23,330
Trade creditors 33,796 40,123
Taxation and social security 39,632 10,543
Other creditors 17,526 51,703
147,116 141,365

7. Creditors: amounts falling due after more than one year
31.10.24 31.10.23
£    £   
Bank loans 54,408 70,012
Hire purchase contracts 132,734 100,278
187,142 170,290

Truplate Limited (Registered number: 03447588)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. Secured debts

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Hire purchase contracts 173,230 123,608

Included in Bank loans is a mortgage of £51,074 which is secured on the freehold property.

9. Contingent liabilities

There are no contingent liabilities known to the directors at the balance sheet date.

10. Related party disclosures

Included in other debtors is a loan to Tru-Property Limited of £43,497 (2023 - £41,637). G Punter and C Storey, directors of Truplate Limited are also directors of Tru-Property Limited.

11. Ultimate controlling party

The ultimate controlling parties are Mr C Storey and Mr G P R Punter by virtue of their ownership of 100% of the issued ordinary share capital in the company.