REGISTERED NUMBER: 05817154 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

True Telecommunications Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Bell

Mr J Marchant

SECRETARY:

Mr J Marchant

REGISTERED OFFICE:

Pine Ridge

Cross Stone Road

Todmorden

OL14 8RB

REGISTERED NUMBER:

05817154 (England and Wales)

ACCOUNTANTS:

IN Accountancy Limited

2 Station View

Bramhall Moor Lane

Hazel Grove

Stockport

Cheshire

SK7 5ER

FIXED ASSETS

Tangible assets

4

1,337

2,237

Investments

5

7,593

12,841

Investment property

6

100,000

96,350

108,930

111,428

CURRENT ASSETS

Debtors

7

22,537

21,215

Cash at bank

12,711

59,077

35,248

80,292

CREDITORS

Amounts falling due within one year

8

137,518

164,708

NET CURRENT LIABILITIES

(102,270

)

(84,416

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,660

27,012

CREDITORS

Amounts falling due after more than one year

9

-

(25,000

)

PROVISIONS FOR LIABILITIES

(334

)

-

NET ASSETS

6,326

2,012

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Fair value reserve

10

(5,830

)

(4,231

)

Retained earnings

11,156

5,243

SHAREHOLDERS' FUNDS

6,326

2,012

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 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.

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 11 September 2025 and were signed on its behalf by:

Mr J Marchant - Director

1.	STATUTORY INFORMATION

True Telecommunications 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 as modified by the revaluation of certain assets.

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.

Plant and machinery etc

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

11,559

Disposals

(9,417

)

At 31 March 2025

2,142

DEPRECIATION

At 1 April 2024

9,322

Charge for year

900

Eliminated on disposal

(9,417

)

At 31 March 2025

805

NET BOOK VALUE

At 31 March 2025

1,337

At 31 March 2024

2,237

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

12,841

Revaluations

(5,248

)

At 31 March 2025

7,593

NET BOOK VALUE

At 31 March 2025

7,593

At 31 March 2024

12,841

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2024

(6,123

)

Valuation in 2025

(5,248

)

Cost

18,964

7,593

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

96,350

Revaluations

3,650

At 31 March 2025

100,000

NET BOOK VALUE

At 31 March 2025

100,000

At 31 March 2024

96,350

Fair value at 31 March 2025 is represented by:

£

Valuation in 2024

1,892

Valuation in 2025

3,650

Cost

94,458

100,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

20,892

19,193

Other debtors

1,645

2,022

22,537

21,215

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

59,757

78,104

Taxation and social security

38,852

41,129

Other creditors

38,909

45,475

137,518

164,708

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

-

25,000

10.

RESERVES

Fair

value

reserve

£

At 1 April 2024

(4,231

)

Fair value reserve

(1,599

)

At 31 March 2025

(5,830

)

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are S Bell and J Marchant.