Truelink Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03028507

Truelink Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

Truelink Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		157,168		193,924

Current assets

Stocks		42,009	24,000
Debtors	6	35,147	57,278
Cash at bank and in hand		184,752	150,633
		---------	---------
		261,908	231,911

Creditors: amounts falling due within one year	7	187,012		190,533
		---------		---------
Net current assets			74,896		41,378
			---------		---------
Total assets less current liabilities			232,064		235,302

Provisions

Taxation including deferred tax	28,166	34,724
	---------	---------
Net assets	203,898	200,578
	---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	203,896	200,576
	---------	---------
Shareholders funds	203,898	200,578
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Truelink Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 16 December 2025 , and are signed on behalf of the board by:

Mr A J Hall
Director

Company registration number: 03028507

Truelink Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Wilburton Road, Stretham, Ely, Cambridgeshire, CB6 3LL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Property Improvements	-	Over a period of 12 years
Plant and Machinery	-	20% reducing balance
Fixtures and Fittings	-	20% reducing balance
Motor Vehicles	-	25% 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. Cost is based upon purchase price.

Defined contribution plans

The company operates a defined contribution pension scheme for employees and also makes contributions to individual employees personal pension plans. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Tangible assets

	Leasehold Land and Buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2024	51,622	824,556	16,569	90,174	982,921
Additions	–	8,850	269	–	9,119
Disposals	–	( 50,450)	( 7,797)	( 199)	( 58,446)
	--------	---------	--------	--------	---------
At 31 March 2025	51,622	782,956	9,041	89,975	933,594
	--------	---------	--------	--------	---------
Depreciation
At 1 April 2024	40,515	653,348	10,133	85,001	788,997
Charge for the year	2,242	34,690	1,322	1,034	39,288
Disposals	–	( 44,560)	( 7,101)	( 198)	( 51,859)
	--------	---------	--------	--------	---------
At 31 March 2025	42,757	643,478	4,354	85,837	776,426
	--------	---------	--------	--------	---------
Carrying amount
At 31 March 2025	8,865	139,478	4,687	4,138	157,168
	--------	---------	--------	--------	---------
At 31 March 2024	11,107	171,208	6,436	5,173	193,924
	--------	---------	--------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	24,958	46,234
Other debtors	10,189	11,044
	--------	--------
	35,147	57,278
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	25,800	4,665
Social security and other taxes	19,468	22,919
Other creditors	141,744	162,949
	---------	---------
	187,012	190,533
	---------	---------

8. Related party transactions

The company occupied various business premises owned by the Director rent free during the current and previous year.