REGISTERED NUMBER: 06783492 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

TRULY PVC LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

DIRECTOR:

A Benson

REGISTERED OFFICE:

Unit 2

34 Wood Street

Openshaw

Manchester

M11 2FB

REGISTERED NUMBER:

06783492 (England and Wales)

ACCOUNTANTS:

Hunter & Co.

Chartered Accountants

415 Blackburn Road

Bolton

BL1 8NJ

FIXED ASSETS

Intangible assets

4

20,253

29,342

Tangible assets

5

187,254

208,645

207,507

237,987

CURRENT ASSETS

Stocks

505,533

425,377

Debtors

6

142,685

126,050

Cash at bank and in hand

201,063

200,249

849,281

751,676

CREDITORS

Amounts falling due within one year

7

(811,737

)

(729,258

)

NET CURRENT ASSETS

37,544

22,418

TOTAL ASSETS LESS CURRENT LIABILITIES

245,051

260,405

CREDITORS

Amounts falling due after more than one year

8

(3,333

)

(13,333

)

NET ASSETS

241,718

247,072

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

241,717

247,071

SHAREHOLDERS' FUNDS

241,718

247,072

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 October 2025 and were signed by:

A Benson - Director

1.	STATUTORY INFORMATION

Truly PVC 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

10% on cost

Plant and machinery etc

-

25% on cost and 25% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 February 2024

and 31 January 2025

101,263

AMORTISATION

At 1 February 2024

71,921

Charge for year

9,089

At 31 January 2025

81,010

NET BOOK VALUE

At 31 January 2025

20,253

At 31 January 2024

29,342

5.	TANGIBLE FIXED ASSETS

Fixture,

Short

fittings

Motor

Computer

leasehold

& equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2024

14,050

164,600

118,145

23,837

320,632

Additions

-

19,117

-

19,567

38,684

At 31 January 2025

14,050

183,717

118,145

43,404

359,316

DEPRECIATION

At 1 February 2024

1,405

75,542

27,146

7,894

111,987

Charge for year

1,405

27,044

22,749

8,877

60,075

At 31 January 2025

2,810

102,586

49,895

16,771

172,062

NET BOOK VALUE

At 31 January 2025

11,240

81,131

68,250

26,633

187,254

At 31 January 2024

12,645

89,058

90,999

15,943

208,645

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

17,082

18,986

Other debtors

125,603

107,064

142,685

126,050

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

102,089

51,921

Trade creditors

621,187

572,071

Taxation and social security

79,542

90,725

Other creditors

8,919

14,541

811,737

729,258

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

3,333

13,333

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

A Benson

Balance outstanding at start of year

9,101

6,341

Amounts advanced

16,437

3,000

Amounts repaid

(12,623

)

(240

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

12,915

9,101

10.	ULTIMATE CONTROLLING PARTY

Anthony Benson, a director, controls the company by virtue of a controlling interest of 100% of the issued share capital.