REGISTERED NUMBER: 10367080 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

TRUE PRODUCTS GROUP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M D Bezance

T M Bezance

M W Bezance

C Morris

E A Reed

K L Field

SECRETARY:

K L Field

REGISTERED OFFICE:

The True Centre

31 Caister Road

Great Yarmouth

Norfolk

NR30 4DA

REGISTERED NUMBER:

10367080 (England and Wales)

ACCOUNTANTS:

Sexty & Co

Chartered Certified Accountants

124 Thorpe Road

Norwich

Norfolk

NR1 1RS

CURRENT ASSETS

Debtors

6

53,825

78,324

Cash at bank

32,508

40,691

86,333

119,015

CREDITORS

Amounts falling due within one year

7

5,996

45,669

NET CURRENT ASSETS

80,337

73,346

TOTAL ASSETS LESS CURRENT LIABILITIES

80,337

73,346

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

80,237

73,246

80,337

73,346

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 3 December 2025 and were signed on its behalf by:

T M Bezance - Director

1.	STATUTORY INFORMATION

True Products Group Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis which assumes the continued support of a related company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

At the reporting date goodwill was assessed as being fully impaired and written down accordingly.

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 - 20% on cost

Fixtures and fittings - 10% or 20% on cost

Computer equipment - 30% on cost

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 2 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

32,314

AMORTISATION

At 1 April 2024

and 31 March 2025

32,314

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

8,667

7,611

Other debtors

45,158

70,713

53,825

78,324

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

339

267

Taxation and social security

1,600

12,900

Other creditors

4,057

32,502

5,996

45,669

8.	RELATED PARTY DISCLOSURES

Included in other creditors is £NIL (2024: £28,669) owed to related companies.

Included in other debtors is £44,668 (2024: £70,134) owed by related companies.

During the year, the company entered into transactions with the following companies in which Mr M D

Bezance, Mr T M Bezance and Mr M W Bezance are directors and shareholders:

True Centre Ltd

A total of £1,333 (2024: £1,333) was owed by True Centre Ltd at the balance sheet date.

True Traders Ltd

A total of £43,335 (2024: £68,801) was owed by True Traders Ltd at the balance sheet date.